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Forum nameGeneral Discussion
Topic subjectcashing out the equity? I’m confused
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13432445&mesg_id=13432564
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.