I have a choice between a loan that reports to cred. beu. or a refi that 2.25%less that will not rep

I%26#039;m looking at refinancing my auto loan after a bankrupcy. The orig. company reports to the credit beurus but is at 13.5 % I%26#039;ve been offered a refi at 10.72% but they don%26#039;t report to credit bueru until after 1 year am I better of with the original or the refi.

I have a choice between a loan that reports to cred. beu. or a refi that 2.25%less that will not report 4 1yr?

I would say it depends on if you have an underlying reason for wanting your credit score to improve. Are you planning on making any purchases on credit in the near future? If not I think I would go with the lower interest rate and the year will pass by quickly. GOOD LUCK

I have a choice between a loan that reports to cred. beu. or a refi that 2.25%less that will not report 4 1yr?

It depends on how much longer you%26#039;ll be paying off your loan. By the way, both of those rates seem very high.

I have a choice between a loan that reports to cred. beu. or a refi that 2.25%less that will not report 4 1yr?

only if there is no hidden fine print should you go with the lower precent.

I have a choice between a loan that reports to cred. beu. or a refi that 2.25%less that will not report 4 1yr?

If you%26#039;re trying to rebuild your credit, the %26quot;no report%26quot; loan will do NOTHING for you. You%26#039;ll pay a bit less interest in the long run with it, but it won%26#039;t help your credit record at all for over a year.

I have a choice between a loan that reports to cred. beu. or a refi that 2.25%less that will not report 4 1yr?

I would say the best bet is to pay your debt down with the lower interest loan and pay off other debt to. This will help more with your credit score and your budget if you can lower all your debt. You have to be thinking more long term. If you are considering getting another loan in the short term you probably really aren%26#039;t concerned to much about your credit score.

I have a choice between a loan that reports to cred. beu. or a refi that 2.25%less that will not report 4 1yr?

no report means no history. abot 6 months of history (good history) should be able to drop your interest rate below 7% with a reputable lender and thus save about the same money (that is if it%26#039;s a long term loan)