{"id":36800,"date":"2022-03-03T11:51:17","date_gmt":"2022-03-03T11:51:17","guid":{"rendered":" https:\/\/dev.way.com\/blog\/?p=36800"},"modified":"2022-04-25T08:57:23","modified_gmt":"2022-04-25T08:57:23","slug":"does-refinancing-a-car-hurt-your-credit","status":"publish","type":"post","link":"https:\/\/dev.way.com\/journal\/does-refinancing-a-car-hurt-your-credit\/","title":{"rendered":"Does Refinancing a Car Hurt Your Credit: All You Need To Know"},"content":{"rendered":"

Auto refinancing<\/a> is a great way to save money on auto loan payments. But is it worth it and will refinancing a car hurt your credit score?<\/em><\/p>\n

Whether you like it or not, car ownership is an absolute necessity for the average American. Nothing beats the convenience of driving around in your own vehicle – as long as you can afford it! Unfortunately, auto loans have become exceedingly expensive to service, with Experian reporting that average loan amounts have risen by $2000<\/a>. In such situations, auto refinancing<\/a> seems like a logical thing to do to save money.<\/p>\n

However, we understand the stress you feel when applying for refinancing. We’re 100% sure that the question “Does refinancing a car hurt my credit?” will be running through your mind – especially if you’ve carefully built up your credit score over the years!<\/p>\n