I called the credit union about refinancing and figured they'd jerk me around, but they cut my rate from 11.9% to 6.4% in one afternoon

Richard Thomas · 2026-11-04T06:15:05.938795+00:00

I bought a used truck last spring at one of those buy here pay here lots because my credit was rough and I needed something to get to work. The payment was $487 a month at 11.9% and I kicked myself about it for weeks. Everybody told me refinancing was a waste of time with my score, and honestly I believed them. Then my coworker Denise said her son did it through a local credit union in Fort Worth and it took him one afternoon. I walked in with my title and three pay stubs and the loan officer ran the numbers in front of me. She got me down to 6.4% on a 48 month loan, which dropped my payment to $312. I almost fell out of the chair. The only catch was I had to open a $25 savings account with them, which was fine by me. If you're sitting on a terrible rate, what's holding you back from just walking in and asking?

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I called the credit union about refinancing and figured they'd jerk me around, but they cut my rate from 11.9% to 6.4% in one afternoon | Car Payment Regret - Rigidtalk