Back to list
QUESTION DETAIL
Related User
Votes
Will refinancing my auto loan affect my FICO and/or credit score?
ANSWER
The BIDaWIZ Team's Answer:
The answer is, "maybe." Refinancing your auto loan will inevitably require a credit inquiry - excessive credit inquiries will reduce your credit score.
However, the act of refinancing the auto loan itself does not affect your credit score.
