Go Back To Search Results Question How do I go about getting an auto secured loan on my PIF Vehicle? I have excellent credit but several cr. cards with balances. I was thinking of taking a loan out against my vehicle in order to consolidate all into one payment being an installment loan. My total debt is $13000, my vehicle is worth $22000 and I have the title. I feel like it would be better to pay the cards completely off and just have my Mortgage and the Installment loan. What banks offer this? Any Suggestions? By Jami W Posted on 04/21/09 Total Answers 2 Answers- Sometimes a credit union will refinance a car. Don't go with one of those title loan companies - they are way too expensive. Otherwise look for a 0% balance transfer option on another credit card and pay it down as fast as you can. I like the website fivecentnickle.com for advice on 0% balance transfer cards. Answer by : Lauren F On Date 2009-04-21 11:58:24 Most banks and credit unions would take your vehicle as collateral to reduce interest on loans. Paying off credit cards is an excellent way of raising credit score, just only charge very little on them again, paying balance in 30 days. After getting loan, do not close credit cards. Best interest rate however can be gotten at credit union. You can get membership at credit union through job, family, community and association. Answer by : Bedford S On Date 2009-04-21 12:38:57 You can contact Quality One Auto Sales. They can approve people's car finance even they have been previously refused by other car credit. http://www.yes4car.com/ Answer by : biancahao On Date 2009-04-21 17:27:32   Go Back To Search Results