I have a line of credit through another institution with a variable interest rate currently over 7% Can this type of vehicle be refinanced? Can I possibly take out a personal loan at a better rate and pay this LOC of?


@Chaunceys, Great question. USAA does consider each loan application on a "case-by-case" basis, and considers the "360" view of your entire credit and account profiles when rendering a loan decision. We consider several factors such as both your USAA and credit profiles, including your debt to income ratio, banking account management, credit score, and history with USAA.   Please understand that a loan application will ultimately need to be submitted in order to determine if USAA can offer financing and at what specific terms. And, will reflect as a hard inquiry on your credit history, regardless of the final decision.  We would not know what rate you would be approved for until an application has been submitted.  Hope this helps.  ~JM