Bills Piling Up?

(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don’t have savings to cover them, where will the extra payments come from?

One way to come up with some extra cash is to refinance your car with RateGenius. The company offers a variety of refinancing options; if you qualify, you may be able to skip car payments for a minimum of 45 days and as long as 90 days, giving you time to catch up on those expenses.

“You get a new lender when you refinance for an existing loan, which often means you get a better rate,” explains Chris Brown, CEO of RateGenius. “With a new loan you can skip a few payments, add or remove a co-applicant if you have one, add products (such as GAP insurance and extended warranties) and extend the payment term.”

Auto loan refinancing is very similar to refinancing a home mortgage, with one exception -- the title transfer fee. Other than this one charge that’s required by law, there are no costs for the consumer. “There are a lot of fees associated with a mortgage refinance,” explains Chris Brown, CEO of RateGenius. “There are closing costs, points, inspection costs and a loan origination fee. Those fees can really add up and eat away at the financial benefits of refinancing. RateGenius does not charge a fee for our service.”

It takes just a few minutes to apply for auto refinancing at www.RateGenius.com, or over the phone via the company’s toll free number, (866) 728-3436. A loan adviser then compares offers from the company’s network of lenders to find the best deal for your individual situation. RateGenius has partnered with numerous lending institutions that provide customers with one of the most financially stable and diverse lending networks in the industry. The entire process can be completed in less than 72 hours.

The savings consumers see will vary, but can be substantial. For example, if you have a $30,000 loan payable over 60 months at 12.5 percent interest, your monthly payment will be $674.95. By refinancing with RateGenius at a new interest rate of 7.5 percent, your monthly payment will drop to $601.14.

RateGenius has been in business since 1999 and has brokered over 45,000 loans. To find out how much you can save, visit http://www.rateGenius.com or call (866) 728-3436.

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