Credit determines fate of car refinance

Dear Terry,
I would like to refinance my vehicles to lower my interest rate. However, I owe more than what they are worth. Would any company still refinance them anyway? We have excellent credit.
-- Heidi

Dear Heidi,
With good credit, even in a tightening credit market, you should be able to refinance your car. Whether you can lower your interest rate will depend on how long the loan term is and where auto loan rates are sitting.

Here are this week's reader questions:
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