Should I have refinance or not???

QuestionsShould I have refinance or not???
asked 4 years ago

Hey all! On Friday we refinanced our car that we’ve had for 4 yrs to lower the payments. We ended up with a 1.99% interest rate! ❤?❤ Yaaayyy!! It dropped our payments well over $ 100/ mnth.

Now my dilemma is our car was our oldest tradeline (no lates or anything negative) so with us refinancing our AAoA will drop drastically. We have other positive accts that were satisfactory and paid off and all the other positive tradelines were from this year.

How much of a decrease should I expect our scores to drop? Both of our scores are 680 ish?

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