If you are looking to refinance your auto loan and have received in the mail a pre-qualification letter from rateGenius/Velocity Credit Union consider taking advantage of their offer to lower your payments and interest rate. You are receiving this offer because you’ve been selected as a person in good credit standing. RateGenius is a loan services lender network that is working with Velocity Credit Union to present this offer to you.
Customers interested in refinancing their auto loan can begin the online application process by visiting velocity.rategenius.com. Before beginning the online application customers will need to consider a few details including the actual loan amount they are pre-qualified for. On your letter it should state the loan amount you have been pre-approved for which is the amount you will be trying to refinance. Other considerations you will need to make are your vehicle must under 7 years old with no more than 80,000 miles and your household income has to at least be $2000 monthly no less.
If you meet those basic starting criteria then proceed to the online application. It will take several minutes from beginning to end to enter all your vehicle and personal information for the Auto Refinance Application so be patient and answer all of the questions completely and accurately. At the end of the process you will receive an instant decision concerning your approval. For customers who are considering using a co-signer for the refinance please have their personal information handy as well.
If at the end of the application process you do not receive an immediate response on your auto loan decision you will be able to check the status of your loan at rategenius.com. During the application process you will create login information so you can login to your personal account at anytime. Any questions or concerns customers may have can be addressed at the rategenius.com help section or by calling 1-866-498-9990.