My friend needs to reduce their monthly out go, one of the loans on the plate is the auto loan, unfortunately some of the challenges my friend is facing are;
* recently lost their job –BUT is collecting unemployment from the state of California so essentially has income coming in each month
* currently going owing to a divorce –unfortunately my friends spouse has hurt EACH of their credit ratings.
so is there any way to refinance? are there lenders out there? CapitalOne Auto Finance is not an option, they do not so auto refi’s and that is whom my friends current loan is owing to. Should my friend try and trade the car in for a used vehicle?
Your help is appreciated…thanks so much!

