What are bad credit auto refinance loans?
Bad credit auto refinance loans are refinancing loans that are specifically designed for those with significant credit challenges. Refinancing can help you reduce your interest rates and your monthly payments, but some consumers may not qualify for traditional auto refinance loans. For these borrowers, bad credit auto refinance loans provide a way to save money on your car loan even if you have less-than-perfect credit. If you choose to refinance, you will take out a new loan to pay off your existing car loan.