Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Refinance Your Bad Credit Car Loan

22. June 2011 Administrator (0)

One of the best possible ways to get rid of the heavy burden of your car loan, even while having a bad credit history or score, is to refinance the loan. Refinancing will allow you to take a loan that can be used to pay off the present loan. Since the new loan will be at much reasonable fees and rates of interest, this simple financial deal will help you save a lot of money.

The most basic reason of refinancing the car loan is the inability of the people to pay back the loan due to high installments. The monthly payments will substantially decrease if you refinance your auto loan. Given here are some tips that you should keep in mind while refinancing your car loan.

  • Make sure you have a complete knowledge about your present credit report and credit rating. You can easily obtain these at the internet. Your present credit score is also available at a nominal fee.
  • Find out the value of your car. It is not a prerequisite for refinancing the car loan but you should know about its value. There are many resources on the internet that can help you to get an estimate of the value of your car. 
  • Make inquiries about the accessible lenders. It is possible that your present lender may also agree to refinance your loan. However, you should do a good survey to find out the lender that will charge the lowest rate of interest and refinance the lowest amount possible.
  • Make sure that all the offers that the lender proposes is put in writing. Carefully read and make a comparison of each and every proposal and then make a decision.

If you want to refinance your bad credit car loan, then by all odds reach Greater Central Texas Federal Credit Union. You will be surprised to hear about our interest rates which are quite low as compared to others. Call us today at Phone: 254-690-2274. We are situated at Killeen, Texas.

Secured Auto Loan - Cheap Auto Loan

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GCTFCU Blog | Member Benefits: GCTFCU
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Member Benefits: GCTFCU

27. December 2023 Administrator (0)
Credit unions go beyond being just financial institutions; they serve as dedicated financial allies, actively contributing to the financial success of their members and the communities they operate in. Their unwavering dedication to ethical and inclusive banking positions them as indispensable resources for individuals and families striving to realize their financial aspirations.

The following are the benefits of credit union membership:

Tailored Financial Solutions

When opting for credit union services, you are not just another statistic. Credit unions provide customized financial solutions. A dedicated team invests the time to comprehend your objectives and dreams, assisting you in attaining financial success.

Economical Fees and Competitive Rates

Credit union membership delivers a significant advantage with competitive rates and fees. Renowned for their commitment to offering financial services with minimal fees, credit unions present highly competitive rates on savings accounts, loans, and credit cards.

Community-Centric Approach

Credit unions are deeply ingrained in their local communities. They prioritize their members and the communities they serve. Their dedication to community engagement sets them apart as they reinvest in the areas where members reside and work.

Member Ownership and Decision-Making:

What distinguishes credit unions is their member-centric ownership model. Upon joining a credit union, you become an owner with a say in decision-making. Your satisfaction is of foremost concern to a credit union.

Financial Education and Support

Financial literacy is the gateway to financial empowerment. Credit unions provide members with comprehensive financial education resources and personalized guidance to assist them in making well-informed choices and planning for a more secure financial future.

Loan Terms

Credit unions adopt a member-first approach, prioritizing the financial well-being of their members over profits. This often results in more favorable loan terms, encompassing lower interest rates and flexible repayment options.

Enduring Relationships

Credit unions aim to cultivate enduring relationships with their members, extending continuous financial support and guidance. Recognizing that financial needs evolve, credit unions stand ready to offer guidance and support at every life stage.

Diverse Account Options for Member Convenience

Credit unions prioritize member convenience, offering diverse account types like Money Market, Share Savings, Certificates of Deposit, and more. This array allows members to align their banking experience with unique needs, be it higher yields, secure savings, or flexible investments.

Credit union members experience a multitude of advantages. Beyond fortifying the financial underpinnings of their members, credit unions actively contribute to developing thriving and robust communities. Greater Central Texas Federal Credit Union is committed to empowering members by providing diverse financial services meticulously crafted to suit their distinctive needs.

For additional information on credit unions in your vicinity, feel free to visit Greater Central Texas Federal Credit Union at 3305 E. Elms Rd., Killeen, TX 76542, or call (254) 690-2274. You can also browse www.gctfcu.net 

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