 TITLE: Will Refinancing My Auto Loan Hurt My Credit? CONTENT: Can You Refinance an Auto Loan With Bad Credit?\n-----------------------------------------------\nIf your credit scores have dropped significantly since you took out your original car loan, it may be difficult to find refinancing that saves you money because lenders typically charge higher interest rates to applicants with lower credit scores. If your refinancing goal is lower monthly payments, however, you may be able to find an auto lender that specializes in borrowers with less-than-ideal credit. You may qualify for a new loan with a longer repayment period that'll cost more over time than the original loan did, but the extra expense could be worth it if it means you can pay today's bills more easily.\nIf you're at risk of missing a payment on your original car loan and having difficulty finding refinancing options, reach out to your lender as quickly as possible to explain the situation. While they are not obligated to do so, some lenders will work with you and may even modify your original loan terms to give you lower payments—in exchange for a higher interest rate and potential fees. END