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Refinancing an Auto Loan Helps Improve Credit

When you refinance your car loan, it helps your credit. The new lender pays off your current loan in full. This shows up on your credit report as a loan paid off, on time in full. Even though you will have a new loan, it still increases your credit score.


Confused or unsure about some of the car loan terms used in the article? Click here for our Auto Loan Glossary.



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