Should I refinance my auto loan?
Current payments are $502 and the APR is 11.08% (rough I know). I live in a city without any family or friends and when my car crapped out last year (first year out of college) I had to scramble and couldn’t gamble on something not reliable. I made the decision to not have any credit cards throughout college, so I had no credit history and had to settle. Sad reality I was faced with. I’m making all of the payments on time, but not without added stress (especially on a teachers salary). Advice?
Current payments are $502 and the APR is 11.08% (rough I know). I live in a city without any family or friends and when my car crapped out last year (first year out of college) I had to scramble and couldn’t gamble on something not reliable. I made the decision to not have any credit cards throughout college, so I had no credit history and had to settle. Sad reality I was faced with. I’m making all of the payments on time, but not without added stress (especially on a teachers salary). Advice?