NEW YORK — For car loan borrowers looking to refinance, credit unions most likely have the best deals in town, Black Enterprise magazine recently suggested.

Black Enterprise, the national, monthly business, investing, and wealth-building publication, mentioned credit unions in an article today on upside down car loan balances. Borrowers should first call the financial institution which currently owns their car loan and ask if they can get a lower interest rate, the article suggested. If that doesn’t work, seek out credit unions “because they typically offer the best rates.”

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