 TITLE: How to Refinance Your Car Loan CONTENT: How Refinancing a Car Loan Affects Your Credit\n----------------------------------------------\nWhen you first apply for a new loan, the hard credit inquiry made by the lender can cause your credit score to temporarily dip by a few points. But over time, your score will rebound, especially if you make all of your payments on time.\nRefinancing can also lower the average age of your accounts, which could impact your score negatively. But again, payment history is the most important factor in your FICO® Score☉ , so making your payments on time will do the most good to protect your credit score. END