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Common car refinancing mistakes to avoid Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make better financial decisions by providing you with interactive financial calculators and tools that provide objective and unique content. We also allow you to conduct your own research and evaluate information for no cost and help you make financial decisions with confidence. Bankrate has agreements with issuers such as, but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The products that appear on this site are from companies that pay us. This compensation can affect the way and where products are displayed on this website, for example for instance, the order in which they may be listed within the categories of listing and other categories, unless prohibited by law. This applies to our loan products, such as mortgages and home equity and other products for home loans. This compensation, however, does not influence the information we provide, or the reviews appear on this website. We do not cover the entire universe of businesses or financial offerings that could be available to you. Tom Werner/Getty Images
3 minutes read. Published on February 24, 2023.
Writer: Rebecca Betterton Written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in helping readers with the ins and outs of securely taking out loans to purchase an automobile. Written by Rhys Subitch Edited by Auto loans editor Rhys has been editing and writing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to control their finances with precise, well-researched, and well-written information that breaks down complicated topics into bite-sized pieces. The Bankrate promises
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If you have questions about money. Bankrate has answers. Our experts have been helping you master your finances for over four decades. We strive to continuously give our customers the right guidance and tools required to make it through life’s financial journey. Bankrate adheres to strict standards , so you can trust that our content is honest and accurate. Our award-winning editors, reporters and editors create honest and accurate content to help you make the right financial decisions. The content created by our editorial team is objective, factual, and not influenced through our sponsors. We’re honest about the ways we’re able to bring quality information, competitive rates and useful tools to our customers by describing how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for the promotion of sponsored goods andservices or by you clicking on certain hyperlinks on our site. Therefore, this compensation may influence the manner, place and in what order products appear in listing categories and categories, unless it is prohibited by law for our mortgage, home equity and other home loan products. Other factors, such as our own website rules and whether or not a product is available in the area you reside in or is within your personal credit score can also impact the way and place products are listed on this website. While we strive to provide the most diverse selection of products, Bankrate does not include details about every financial or credit item or product. If you’re having trouble paying your current loan payments, — changing your current auto loan by a fresh one can be the best option to save money while you remain behind the wheel of your vehicle. But there are some common mistakes to avoid so that you don’t find yourself in another financial bind. Top 7 car refinancing mistakes Avoid these common traps when refinancing your car loan. 1. Do not check refinancing requirements. Lenders have specific requirements regarding refinancing. Be on the lookout for the criteria pertaining to your vehicle’s mileage, age and the amount left on the loan. For instance, lenders usually require at least six months’ worth of payments to your loan and a amount of $3,000-$5,000 to refinance. Tips from Bankrate
You can find refinancing guidelines on the lender’s websites or Bankrate’s .
2. Do not contact your current lender initially. Although your current lender might not offer the lowest interest rates, it is still the best place to begin. Before exploring refinancing options outside your current lender It is recommended to approach them and explain your situation to determine if they are able to assist. Some lenders offer this, which alters the terms, the due date for payments or the interest rate to provide borrowers with financial relief. Bankrate tip
Even if you don’t follow the process of refinancing your loan there is a chance that they’ll offer an offer that is better than what a new lender could.
3. Intending the loan term too long Refinancing aims to save money, but should you extend your loan to a large extent and you are spending more over the loan’s lifetime. While it could mean a lower monthly payment, you will also pay more interest. Tip from Bankrate
Before adjusting your term make use of auto refinances to make sure you are saving money.
4. Do not take your credit into consideration Like most situations with financing, your credit score serves as the main factor for approval. Thus, improve it and prior to refinancing your loan. You’ll be more likely to receive the available and leave with more money in the end. loan overall. If your credit score is 670 or greater usually qualifies for borrowers with the highest interest rates. Tip from Bankrate
Check your credit ahead of loan applications by using AnnualCreditReport.com.
5. Just shopping with one lender As you would in the process of obtaining your first auto loan We suggest comparing at least three different lenders. So, while signing off on the initial loan offer may be appealing, not all loans are made equal. The lower your interest rate the more you’ll save on the cost of your car. It is important to make sure you’re getting the best deal out there. Tip for banks
Compare the rates currently offered by a range of lenders. Pay close attention to the eligibility requirements, repayment options, and how they compare to the current loan.
6. Becoming upside down on your loan Before refinancing, check whether the equity on your car is with an . Equity is the amount at which the value of the car is higher than the amount you owe for the loan. If you are owed more than what your car is worth or you have equity that is negative refinancing your loan is probably not a good idea. Bankrate tip
Don’t make a deal to refinance a vehicle that you aren’t able to afford. Find out where you may be overextending and estimate the costs before signing off on an additional loan.
7. Giving up after your first rejection loan refinancing guidelines differ between lender to lender Therefore, the fact that you’ve been rejected by one doesn’t mean that you’ll be rejected by all. If you’re asking, “Why can’t I refinance my vehicle?” you have the right to inquire with your lender in accordance with the (ECOA). They have to explain why your application was not approved. Bankrate tip
Knowing why you were denied will improve your chances of being approved in the future. For example, if your credit score is low You can work towards improving it before applying again.
The bottom line: While refinancing your car loan is not without risk, it is a great way to lower the cost of your monthly payments and keep paying for your car. Make sure to keep these mistakes in mind and stay up to date on current for you to be sure you leave with the best loan to meet your needs.
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This article is written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers to navigate the details of taking out loans to purchase cars. Written by Rhys Subitch Edited by Auto loans editor Rhys has been editing and writing for Bankrate from late 2021. They are committed to helping readers gain confidence to take control of their finances through providing precise, well-researched and well-informed information that breaks down complex subjects into bite-sized pieces.
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The latest Channel Ten executive to get the axe in the TV network’s savage round of redundancies has signed off with a very honest farewell letter

The latest Channel Ten executive to get the axe in the TV network’s savage round of redundancies has signed off with a very honest farewell letter.

Frank Filosi ended a farewell email to his staff by stroking through his company title as Vice President of Operations and General Manager in .

And he also crossed out the Paramount logo and sub-brands in his email signature in what one workmate called a ‘blatant “F*** you” to Ten’.

But Mr Filosi dismissed the speculation and insisted to Daily Mail Australia: ‘Not at all – far from it.

I love this company – merely no longer an employee.’

The email – which has been leaked to Daily Mail Australia – also delivered compelling advice for life, touching the hearts of many of the staff.

Frank Filosi (pictured), EVdEn Eve nAkliyat latest Channel Ten executive to get the axe in the TV network’s savage round of redundancies, has sent out an inspiring farewell letter to his former colleagues

Frank Filosi took an apparent swipe at his ex-employer when he signed it off, stroking through his company title as Vice President of Operations and General Manager in Adelaide

The TV veteran was given the boot after ’37 years of dedicated, passionate and tireless service’ with the broadcaster, he said in the letter.

‘Having my position and areas of responsibility restructured out of the business is not the way I thought or chose my career at Network 10 to end,’ Filosi told staff.

‘I depart with my head held extremely high and very proud, of all the hard work and good things I have achieved.’

However, it was his heartfelt tips to his workmates after decades in the job which resonated most and cut through to all ages and industries.

‘Prioritise your personal wellbeing and the wellbeing of your family, friends and loved ones,’ he wrote.

‘This should and must always be your primary focus.

‘Put yourself and the important people in your life first, as in the end, nothing else matters, and there is nothing more important.

‘Jobs, positions, careers, good times and the not-so-good times, come and go but the people who are closest to you and need you, deserve you being there for them all the time, not just some of the time.

‘You are of little use to your loved ones if you are not the best possible version of yourself – I have always lived this way and have never had any regrets and eVdeN Eve nAKLiyAT have never missed out on the important moments or been left wondering.

‘Remember, you own and eVdEN EVE nakliYAt control your life, not someone else.

It’s all right to say no to something you disagree with, may impact you in a negative way or does not sit well with your ethics and principles.

‘Poor decisions will haunt you and mess with your wellbeing.

Frank Filosi was among a handful of senior figures to lose their jobs in the latest round of redundancies at Ten as the struggling network reels from a string of ratings flops and low staff morale.

(Pictured: the presenting line-up of current affairs show The Project)

He added: ‘Always treat people respectfully and always do the right thing even when no one is looking and even when no one knows. It’s called integrity. 

‘It always stays with you and it goes a long way to defining your character and who you are as a person. 

‘It’s not about self-promotion, it’s about caring for those you are responsible for and being a good decent person. Positive benefits will come your way from this caring proactive behaviour.

‘Life is what you make it, in everything you do.

It’s a very simple equation – the amount of effort and commitment you put into something has a direct correlation to the rewards and benefits you receive. 

‘Effort In = Rewards Out – You get nothing for free, so don’t expect it!
Always be positive. There are always people far worse off than you. 

‘Get moving and make things happen. Don’t wait for someone else to sort your career out for you. Decide what you want and go and get it, wherever that may be. 

‘There are no problems in life only challenges (some are huge but they are still only challenges) and maintaining a positive attitude towards your challenges will determine how you deal with them and their outcome.’

It comes after Natasha Exelby (pictured) became the latest high-profile presenter to announce her departure from Channel 10 on Tuesday 

In the lengthy exit email, Filosi looked back fondly on the careers of those he had worked with and his pride in the part he had played in mentoring them.

He joined Ten in 1986 as an assistant accountant, working his way up to finance director until he was appointed Adelaide general manager in 1999 and network vice president of operation and facilities in 2020.

‘I have had an amazing time throughout my career at Network 10, with so many different and exciting positions, opportunities, responsibilities, achievements and both business and personal milestones along the way,’ he said.

‘However, I’m not one to dwell, so onwards and upwards.

Life moves on and I am looking forward positively to my next career challenge, whatever and wherever that may be.’

A spokesperson for Paramount ANZ said of Mr Filosi: ‘His unwavering enthusiasm, professionalism and committed leadership has been instrumental in South Australia, not to mention nationally.

‘Frank has led the teams through major change and has been instrumental in preparing for significant operation and technology innovations that has taken the business to the next level.

‘We would like to sincerely thank Frank for his professionalism, integrity, passion and expertise.

‘He has our warmest thanks for everything he has achieved in the business and the impact he has had on all of us as a colleague and friend.’

Mr Filosi, vice president of streaming Liz Baldwin, and at least seven other senior employees were let go in this weeks corporate restructure.

Mr Filosi, vice president of streaming Liz Baldwin (pictured), and at least seven other senior employees were let go in this week’s corporate restructure, the AFR reported on Wednesday 

But was not affected, and even scored herself a nice promotion. 

Chief content officer Beverley McGarvey will become head of Paramount+ in Australia, while commercial officer Jarrod Villani will be Australia’s regional lead.

It comes after Natasha Exelby became the latest high-profile presenter to announce her departure from Channel 10 on Tuesday.

Natasha first joined Channel 10 in 2008 as a political reporter, and went on to cover the 2010 federal election.

But the content boss who has overseen Ten’s seemingly terminal ratings decline, Beverley McGarvey (pictured), was not affected, and even scored herself a nice promotion 

She then became a host of the breakfast show Wake Up alongside Natarsha Belling and James Mathison in 2013, but was dropped after three weeks.

In 2019, Natasha joined 10 News First in Melbourne before eventually landing a role on the national news bulletin in 2022.

For the last few years, she was also a regular panelist on Studio 10.

Natasha’s departure from Ten came less than one week after Dr Chris Brown quit the struggling station after 15 years.

The 44-year-old signed a deal with Seven and will officially join in July to produce ‘new projects’ for Channel Seven and 7Plus.

Natasha and Chris are the latest in a string of major departures from Ten, following the exits of The Project hosts Carrie Bickmore, Lisa Wilkinson and Peter Helliar.

Senior staff have also been following the on-air talent out the door, including the network’s long-serving publicity boss Sarah ‘SJ’ Johnson.

 the station feels like ‘a sinking ship’ and the workplace is ‘lacking direction and morale’ – although network reps insist Ten’s parent company Paramount Global is in good financial shape.

Natasha’s departure from Ten came less than one week after Dr Chris Brown (pictured) quit the struggling station after 15 years

‘There are going to be a lot more resignations to come…

Ten feels a bit like a sinking ship,’ one staffer told Daily Mail Australia, adding that morale had been on a critical slide ‘for some time’.

‘It feels kind of rudderless. Like there’s not a lot of direction and eVDeN Eve NaKliyaT the network can’t seem to figure out exactly what it wants to be. If you loved this article and also you would like to be given more info about EvdEn Eve NaKLiYat kindly visit our own web-page. ‘

Adding to the general discontent is the network’s hit-and-miss programming which leans heavily on reality TV formats, another staffer said.

‘Some like Survivor and, at a pinch, MasterChef, work but a lot of them don’t,’ the source said.

‘There seems to be so much that bombs.’

Buyers are rushing to resale websites to snatch up

Buyers are rushing to resale websites to snatch up ‘s coveted Yeezy sneakers, hours after Adidas announced they would be dropping the rapper’s clothing line.

According to WANTD, an aggregator of data from secondary market sites, EVden evE NaKLiYat nine out of the top 25 best-selling sneakers on resale sites were Yeezys as of Tuesday morning, a spike from the previous six weeks.

Sneakerheads are scooping up the shoes following the news that their production will halt following  over controversy surrounding the 45-year-old rapper’s recent anti-sematic remarks.

Hours after the announcement, the Yeezy Boost 700 model sneaker held the number two spot on eBay’s current list of best-selling sneakers.

Jon Schaefer, a reseller who uses eBay to flip shoes told he predicted the price of Yeezys could jump nearly 50 percent.

By Schaefer’s prediction, the brand EVDen eve NAKLiyAt could soon cost an average of about $400 per pair. If you have any questions regarding the place and how to use evDeN eVE nakliyaT, you can contact us at the web site.  

Sneakerheads are scooping up the shoes following the news that their production will halt following Adidas’ dropping of Kanye’s brand over controversy surrounding the 45-year-old rapper’s recent anti-sematic remarks

Buyers are rushing to resale websites to snatch up Kanye West’s coveted Yeezy sneakers, hours after Adidas announced they would be dropping the rapper’s clothing line

Hours after the announcement, the Yeezy Boost 700 model sneaker held the number two spot on Ebay’s current list of best-selling sneakers

Though the value of Yeezys has dropped in recent years after Adidas ramped up production,

‘The novelty of owning a pair of Yeezys has worn off, thus lowering the resale v

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