13432564, cashing out the equity? I’m confused Posted by legsdiamond, Thu May-13-21 08:04 AM
you want to take out a new loan and pocket some of the cash?
I got a personal loan and paid off my car and a credit card and had a little left over but technically I’m still paying for the car. Just a better rate. It definitely helps your credit to pay off those balances (it dips first but then it jumps)
I dont think “cashing out the equity” of a car loan is something you can do.
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