Car Loan Refinancing for Bad Credit

Name: Acorn Finance Offers
Brand: Acorn Finance
Rating: 4.6 (1134 reviews)

Get personalized rates in 60 seconds for bad credit car refinancing loans, without affecting your credit score.

Our customers say Excellent

4.6 out of 5 based on 1134 reviews

Our customers say Excellent

4.6 out of 5 based on 1134 reviews

Online Auto Refinancing Options For Bad Credit

Is refinancing your car with bad credit worth it?

If you have a bad credit auto loan, it can make sense to refinance it with another bad credit auto loan. Perhaps your bad credit has improved some since taking the first loan. Or perhaps refinancing can improve your credit score. Refinancing can be worth it, just carefully consider the pros and cons and loan costs.

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We’ve helped over a million customers, and we’re just getting started

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2nd bathroom and new siding underway

Easy online application and quick response time. Options for loan terms and money transfers in a timely manner. All things that helped us get our 2nd bathroom added and new siding for our home

Frederick WORKMAN, 1 days ago

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Quick and easy.

John Sacoolidge, Jan 3

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No hassle Lender selection

No hassle at all it was easy to find and choose who you want for a lender based on available offers that were presented.

Jammie Petroski, Jan 3

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The process was positive and easy

The process was positive and easy. I will use again when needed.

Jeffery Patrick, Jan 1

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Working with Acorn was FAST!

Working with Acorn was a fast and easy online experience that resulted in a short term, lower interest rate option. The funds showed up on the date selected in my contract and the entire process went smoothly as they kept me up to date via email. I will certainly use Acorn again in the future for all of my home improvement projects, thanks! Billy Powell

Billy Powell, Dec 30

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Excellent & Easy

You gave me several loan options. I found a company I trusted. I applied for the loan. I received the loan. I received the money when I was told I would receive the money. Everything went smoothly. Thank you.

Edward A, Dec 29

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It was fast and easy

It was fast and easy. There was a lot of lender options. I had a question called you guys and he was very helpful. I would recommend you guys to everyone!

andrew, Dec 28

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My review

The experience was quite good.

Milton Sargent, Dec 27

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Incredible easy to work with

Margaret Lewis, Dec 27

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It was quick and easy just has you…

It was quick and easy just has you said. Thank you I appreciate it.

Alberta Battles, Dec 27

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Peace of mind when moving

Easy to understand and simple.

Mario, Dec 20

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The process was easy to do

The process was easy to do. You get results fast... They work with you.

Valued Customer, Dec 19

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The loan was successful

June Williams, Dec 16

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Excellent deliverance of funds

Excellent deliverance of funds, timely manner. Highly recommend.

Elizabeth Callava, Dec 14

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Quick and easy process

Bro Hugh, Dec 12

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Fast and easy everything went perfect

Fast and easy everything settled. We were so worried. It was very nice to have another outlet to go to for our major purchase on our septic tank. Thank you so much. We are very happy.

Dawn White, Dec 10

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the application process

The rear of the application process

Polly Davis, Dec 5

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Wonderful experience

Sunipa Majumdar, Dec 3

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The loan process was fast and easy.

Michelle Warner, Dec 1

Rated 4.6 / 5 based on 1134 reviews.

Trustpilot

What can I do with a $8,000 personal loan?

A $8,000 personal loan has a number of uses, including (but not limited to):

Home improvement Buying a car Wedding costs

Debt consolidation Medical bills Startup business costs

FREQUENTLY ASKED QUESTIONS

Still have questions?

Compare & Shop Car Refinancing Loans for Bad Credit at Acorn Finance

Car refinancing for bad credit can be a smart way to save money on finance while building your credit. When you refinance a loan, it often looks like a paid loan which can boost your credit score. While it sounds like a good idea on the surface, and it really can be, you should know what to be mindful of before executing. Here’s what you should know about refinancing an auto loan with bad credit.

How soon can you refinance a car loan with bad credit?

Generally it’s recommended to wait at least 6 months before refinancing an auto loan. This gives your credit time to recover from the hit it probably took obtaining the first loan. If you have bad credit, you may want to wait even longer than this as you make on time payments. On time payments can boost your credit score which can help you prepare to qualify for the refinance.

Can you prequalify for a refinance auto loan with bad credit?

Getting prequalified gives you the chance to receive a loan offer, usually with no credit impact. While you will still need to undergo the underwriting process to obtain the loan, getting prequalified is usually where you will start. When you apply for an auto loan, you will submit details to the lender or through a platform that will connect you to lenders. From there the lender can either generate a prequalified offer, counter offer, or simply deny the request. Keep in mind the lender can ask for supporting documentation so ensuring the information you submit is accurate can help the process go smoother.

Can I refinance my car with a 500 credit score?

Some lenders may work with borrowers that have a 500 credit score. However, you may want to assess your credit score to identify ways to boost it before applying for an auto loan. Refinancing with a cosigner with good credit may also be an option. If you have plenty of equity in your vehicle, this can help you qualify as well.

What is the lowest credit score you can have to refinance a car?

Credit score requirements can vary depending on the lender, as well as the equity you have in your vehicle. Other factors such as income can also weigh on the decision of the lender. For a personal loan from one of our lending partners, offers will be more likely to be returned for borrowers with fair, good, average, or excellent credit. Most lenders on the Acorn Finance platform have a credit score cutoff of 600 or above. For a secured auto loan, credit score requirements may be lower since the automobile is used as collateral.

Does refinancing your car look bad on your credit?

Refinancing your car should be a positive influence on your credit score. In most cases, when you refinance an auto loan, the previous loan shows as paid in full. While you are still taking on new debt, and maybe more debt, a positive remark on your credit score should be a good thing. Just be sure to borrow responsibly moving forward.

Why choose Acorn Finance for bad credit car refinancing loans?

Acorn Finance offers a platform for consumers to check personal loan offers through. Within 60 seconds or less you can receive prequalified offers from top national lenders. If you owe a small amount on your car, a personal loan might make sense to use for refinancing. To consider the option of using a personal loan to refinance your vehicle, check offers at Acorn Finance with no credit impact.

When you have bad credit, you must find ways to improve your score. With a little dedication and attention, refinancing an auto loan can help you do just that, while saving money.

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