Quote:
Originally Posted by Clark_Kent
You're likely having difficulty with a smooth refi at the lowest rate due to your credit score of 675. That's essentially Tier 2 credit. DTI may also be a factor working against you.
As others have mentioned, your best bet is to try a credit union. Try PenFed, Navy Federal (if you're eligible) and Alliant. Worst case scenario pay off the loan with a lump sum or accelerate your payments to retire the debt as soon as possible.
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Unfortunately the 675 is simply due to lack of credit history. 4 years ago I started the process of building credit. I opened 5 cards, put small recurring charges on each and pay the balances off in full each month. Not much I can do but keep making on time payments. With the recent purchase of the auto loan, it brought my average age of accounts to 2 years. -- most likely the issue I am facing.
DTI shouldn't be an issue as its under 25% entirely including all debts.