How do I know if a refinance on my loan makes sense for me?

Refinancing your loan with one of our lending partners provides additional funds. However, this means you will owe more money to pay back plus interest. A refinance is not always the best option. Here are some questions you should ask yourself before you refinance your loan:

• How much additional funding am I eligible to receive?
• Do I really need to borrow this money?
• Can I afford to make the scheduled payments for the term of the loan?
• Do I have other, less costly credit options available?

Before refinancing a loan, always do your research, consider the pros and cons, and carefully review the terms.