Does refinancing a car hurt your credit?
Refinancing will affect your credit — but it doesn’t have to be negative.
Jennifer is a former editor on the Loans team with previous experience as an editor in the education space on BestColleges.com. She was committed to helping writers develop impactful stories that help guide readers at any stage of their financial journey.
Prior to working as an editor, Jennifer spent almost 8 years working in South Korea in the education sector, where she learned how to be extra frugal so she could continue saving enough money to pay off her student loans and save for her future home. This kickstarted both her passion for helping others take control of their finances and her love of cooking.
On the side, Jennifer likes to write reviews for an independent Seattle publication. She also likes to read, watch witty comedy, run and cycle, travel to visit friends and teach herself the violin. Her friends call her a foodie, and she will find any excuse to eat good food with good company.
I feel like the word frugal has a bad rap these days. People seem to associate it with being poor, but this is what I have done since I was 21 and bought a place on my own when I was 40. Budgeting and saving with a lot of patience can go a long way to achieving big financial goals.
Refinancing will affect your credit — but it doesn’t have to be negative.
An emergency loan will have some impact on your credit score — but it could be good.
Rolling over your car loan increases the negative equity of your vehicle.
Start with these five steps if you’re considering refinancing your student loans.
When managed well, installment loans can help improve or build your credit.
Learn three tips to score a lower interest rate on student loans.
Ninety percent of borrowers have federal loans. Identify your loan type with our guide.
Income-driven repayment is best for low-income borrowers who are early in repayment.