One of the most common reasons why people refinance a car is because they cannot afford the payments anymore. However, if you have started missing payments, then you are going to have a lot of trouble trying to refinance your car. You need to make it clear that you are serious about paying back the loan, which may mean waiting six months or even a year after your last missed payment before applying. You can refinance a car if you have missed a few payments recently, but the companies that deal with you will have very high interest rates...Read More
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