 TITLE: Does Refinancing a Personal Loan Hurt Your Credit Score? CONTENT: When to Consider Refinancing a Personal Loan\n--------------------------------------------\nRefinancing a personal loan can help you:\n*   Save money by lowering your interest rate.\n*   Improve your cash flow by lowering your monthly payment.\n*   Make managing your debt easier by combining multiple loans.\nIn some cases, you may be able to accomplish two, or even all three, of these goals at once. However, if you're paying less each month, you might wind up paying more interest overall unless you qualify for a significantly lower interest rate.\nYou may want to look into refinancing if your credit or income has improved since you first took out your personal loan. Even if your creditworthiness has stayed about the same, if interest rates have generally gone down, that might also be a cue to start shopping.\nAs you're comparing loan offers, a debt refinancing or loan consolidation calculator can help you determine your overall cost or savings. END