Bad Credit Auto Refinancing after Divorce

Going through a divorce can not only wreak havoc on your mental health, but also your financial health. In most cases divorcing couples have assets, like their car, in both parties' name. One will need to refinance to get the other's name off the loan, but what if the divorce leaves you with bad credit?

At SmallerCarPayments.com we make refinancing your auto loan with bad credit easier than ever before. We work with a nationwide network of refi lenders specializing in bad credit refinance, and understand the situation you are in. They are willing to work with all credit scores, and have the ability to get you the best rates around.

Steps to Refinance your Car after Divorce

Before applying with a refi lender you must have one of two things, either your spouse's permission to have their name off the loan, or it must be ordered in the divorce decree. Without one of these a lender will not be able to help you.

Once that is obtained you can start looking for the best refinance rates. You can start with your current lender, but be prepared to shop around. Refinancing can have a lot of benefits to you such as: lowering your car payment or lowering your interest rate. By finding the best rates around you will be able to take advantage of those benefits.

Rebuild Credit after Divorce

Many people that suffer from damaged credit because of divorce are left feeling hopeless, and don't know what to do to rebuild their credit score, but we can help. Refinancing your auto loan can not only save you money, but it help get you back in good standing with your credit score.

By getting a better interest rate and lowering your payment you have put yourself in a good situation to make all payments on time, which helps rebuild your credit after divorce. Fill out our quick and easy auto refinance application today to see if you are pre approved.