A married couple visited the Credit Union seeking assistance in refinancing their vehicle for a better rate. Santander financed the couple’s car loan and the interest rate was 24.300 %. They both worked for a cleaning company. Suddenly, the wife became ill and had to stay at home. One income was not sufficient to cover expenses. They paid $1,100.00 per month for the vehicle.
I was pleased to assist them with their request. I knew the credit union could offer a better rate to refinance their vehicle. The rate offered was 8.940 %. They saved $440.00/mo in reduced auto loan payments. The wife has returned to work. The family appears to be back on track, and saving money by paying off their car loan faster than before. They were so happy and thankful for coming to DC Credit Union.
