How do I refinance my car loan if I have bad credit?

I want to get better terms for my car loan, but my credit is in rough shape. What do I do?

Answer
“Start by reaching out to your current lender to see if they are willing to refinance your loan, and then shop around with other lenders to find the best interest rate and terms. There are many lenders out there that are willing to work with bad credit, but if your credit score has gone down since you received your original loan, refinancing may not be the best option as you could end up with a higher interest rate and a longer term. “
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Johnny Puckett
Answered on Apr 07, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
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