 TITLE: Does Refinancing a Personal Loan Hurt Your Credit Score? CONTENT: Is Refinancing a Personal Loan Worth a Drop in Credit Scores?\n-------------------------------------------------------------\nOverall, refinancing personal loans may lead to a minor drop in your credit scores due to the hard inquiries from the applications and opening of a new credit account. Over time, your scores may recover and then increase if you continually make on-time payments on your new loan. Generally, the small drop is worth it if refinancing can save you money or make managing your loan payments easier. END