"Why am I not able to refinance my car at a lower rate after improving my credit score? "
"I got a car loan a year ago at seven percent with a 700 credit score. Now my score has gone up. I applied for a refinance loan and was approved for the same exact interest rate as before.
While it doesn’t make financial sense to make a lateral move like that, I would like to understand the lender's logic here.
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