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More than a Simple Auto Loan Refi

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Aug 18, 2021
Submitted by: Prospera Credit Union
  • Second Chances & Refinancing

A member came in to refinance an auto loan from another financial institution. We didn't stop at a simple auto loan refi, and thoroughly reviewed the member's credit report. We not only discovered another auto loan with a higher rate than what Prospera could offer, but a few more loans that could be refinanced as well. In the end, the member walked out with an auto loan and a homeowners loan to pay off those other financial institutions, and will now be saving $996 per month! This adds up to nearly $12,000 in annual savings for this member.