2006-09-19 13:08:33 · 4 answers · asked by Josh H 1 in Business & Finance ➔ Personal Finance
im not sure that you can change your interest rate now, but the faster you pay the loan off, the less in interest youll actually pay b/c the loan amount is over a shorter period of time. BUT i think some places charge a fee if you pay it off TOO early b/c they are afraid they wont make money
2006-09-19 13:12:17 · answer #1 · answered by sx_rx_rocknroll 3 · 1⤊ 0⤋
You must have little credit or not so good credit.
Get your score up by never being late on ANY payments, paying max on all charge cards, (or pay them off, better yet), and maybe getting & paying back some small loans.
In a year or so, if your credit # is better, you can refinance for a lower interest rate.
Good luck!
2006-09-19 20:19:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you have a home you may be able to get an equity line. The added advantage is that the interest is deductable on taxes.
2006-09-19 20:19:01 · answer #3 · answered by Kainoa 5 · 0⤊ 0⤋
Get a new loan.
2006-09-19 20:16:13 · answer #4 · answered by billyandgaby 7 · 0⤊ 0⤋