 TITLE: Can I Get a Cash-Out Auto Refinance Loan With Bad Credit? CONTENT: How to Improve Your Credit Before Applying for an Auto Refinance\n----------------------------------------------------------------\nIf you're thinking of applying for a cash-out auto refinance with bad credit, you may want to reconsider. If you don't absolutely need the cash right now, think about working to improve your credit to make it easier to get approved and also save money on interest.\nHere are some ways you can improve your credit score before you apply to refinance an auto loan with cash back:\n*   **Focus on payments.** The most important factor in your FICO® Score☉ is your payment history, so make it a goal to pay all your bills on time. If you have any accounts with past-due payments, get caught up quickly to avoid further damage to your credit score.\n*   **Pay down credit card debt.** Another influential component of your credit score is your credit utilization ratio, which measures the amount of credit you're using against your total credit limit. The lower your card balances are relative to their credit limits, the better it is for your credit score.\n*   **Get added as an authorized user.** If you have a loved one who has a credit card they've never missed a payment on, ask if they'll add you as an authorized user. If they do, the account history will appear on your credit reports, which can help improve your credit score.\n*   **Avoid new debt unless necessary.** Anytime you apply for credit, the lender is likely to run a hard inquiry, which can temporarily drop your credit score by a few points. Also, when you open a new credit account, it lowers the average age of your accounts, which impacts your length of credit history (another factor in your credit scores).\nAs you take these and other steps to improve your credit score, you'll have a better chance of getting approved for a cash-out auto refinance loan, as well as other loans. END