In June of 2020, a new member came to us and sat down with Chase, a Maple loan officer, and applied for a loan.
Her credit score was 555 due to some small consumer loans and medical collections that were dragging her score down. Chase helped her to get approved for a share secured loan to get rid of those collections and reduce some of that debt.
Fast forward seven months. This same member came in and asked Chase about refinancing her auto loan.
After working on the plan that she and Chase put together to clear up those old debts and accounts in collection, her credit score is now 628.
And that auto loan refinance? Chase helped her drop her rate from 11.89% Annual Percentage Rate (APR) with an 84-month term down to 5.74%APR and down to 72 months. She shaved $24 per month off her auto loan payment and cut her repayment term down an entire year!
Chase also found some add-on products that the dealership sold her that were totally unnecessary. By learning about those “dealer add ons” this member is going to get a few thousand dollars back in her pocket, too!
If you’re finding yourself in an imperfect financial situation, you’ve found the perfect place. CONTACT US
for an appointment to review your finances, or apply online
to get started now.