A car loan refinance also might hurt your credit by reducing the average age of your accounts. That’s because your original car loan will be paid off early and replaced by a new auto loan.
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How Does Refinancing a Home Affect My Credit. – How Does Refinancing a Home Affect My Credit? BY Daniel Woolston 4 Dec ’17 July 24, 2018 Many people refinance their home mortgage to get a lower interest rate and reduce their monthly payments.
How Does Refinancing A Loan Affect My FICO Scores? | myFICO – Refinancing and loan modifications can affect your FICO score in a few areas. How much depends on whether it’s reported to the credit bureaus as the same loan with changes or as an entirely new loan.
Does refinancing a mortgage hurt your credit score? | Yahoo. – Best Answer: Refinancing your loan should have minimal impact on your credit score. If you don’t have a second mortgage or equity line of credit you may qualify for a streamline refinance that will lower the costs and expedite the process for you. Feel free to email me with any questions.
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