If I Refinance a Car Loan Due to Bad Credit, Will it Lower the Chances of Approval for other Car Loans in the Future?

These days everyone is concerned about their credit rating. They want to protect it like the treasured and valued asset that it is. A good credit rating can make the difference between a new house or an apartment; a new automobile or the same clunker you have been driving around for years.

Protecting your credit rating by paying all your debts on time and not defaulting on loans is an excellent idea, even if you do not have a new purchase in mind. However sometimes, despite our best intentions, things go wrong. We might lose a job, get divorced or have a serious medical issue which costs us thousands of dollars we didn