For my son and his friends


When refinancing my house, I was able to slash my payments by a large amount considering my mortgage. Refinancing my home was a smart move financially. However, I have not been able to pass this savvy along to my son. In spite of my constant trying and nagging, he continually got himself into horrible financial situations that he was only able to solve with the type of lucky things that seem to happen to young adults when you are trying to teach them to be responsible. Once, he was behind in his notes by thousands of dollars. Without knowing the details, I simply refused to help him, but as luck would have it, he won a few thousand dollars on lottery scratch off ticket. This windfall gave him the audacity to trade that car in and get something everyone knew he could truly not afford.



When I asked him why he would take on a potentially lethal blow to his credit when he could not afford to pay the very large payments, he looked at me and directly said that if he got in trouble it would only be a matter of time before he won a few more thousand on lottery scratch off tickets. I was so absolutely astounded by his lack of personal responsibility that it was a few months before I could even muster the ability speak to him again. However, the occasion on which we spoke again was so he could explain how he could not pay his notes and that he was hiding the car so the company could not repossess it. So that my son was not arrested, I called the car company immediately to only find that his notes were not as far behind a he thought because his mother had paid some of his arrears in order to protect his credit rating.


With this information, I searched the Web to find him a refinancing company when I remembered the company that saved my sisters credit and car. The company was called Ignition Financial, and they allowed us to save our son’s only true possession, his okay credit score. Since then, he has made better decisions, but his friends, not so much. Just yesterday I heard him giving his friend the web address at I hope his friend learns his lesson after Ignition Financial rescues him from a terrible financial future.

Why You Would Want To Refinance Your Auto Loan

There are several reasons to refinance an auto loan, all of which lead to a good financial benefit for the people with auto loans to pursue. It’s actually an easier process than most people imagine it is and can save someone hundreds of dollar a year in interest.

The main reason to look into refinancing a car loan is because your credit score has substantially improved since you took out the loan. with a better credit score, you can be approved for a better interest rate which can save you hundreds if not thousands of dollars on your car loan. Another benefit is refinancing to a shorter term loan which offers even better interest rates and the ability to own your car outright after a shorter period of time. Another good reason to refinance is if interest rates have dropped since you purchased the vehicle as you may qualify for better interest rates even though you already own the car. Another option is if you want to extend the length of the loan in order to reduce your monthly car bill which will free up room in your budget for other expenditures or savings. It’s also possible to do a cash-out option where your car is worth more than what you owe, where the lender will pay off your old loan and give you cash for the amount above this that the car is worth.

One provider of car loan refinancing is Ignition Financial and their website Slash My Payments offers users of the site te ability to drastically cut their monthly auto payments which free up money for other expenses or savings. The company, based in Texas, specializes in giving existing car owners an interest rate and payment schedule that fits with their lifestyle. Ignition Financial has won a lot of compliments from clients including how easy they are to work with and how much money they have saved over the original terms and interest rate that car buyers were offered when they purchased their vehicles. Ignition Financial has also been featured on many national radio shows such as The Blitz With Fred & AJ, The Russ Martin Show, The Jeff Ward Show, and The Horn on Austin’s #1 sports radio show on 104.9.