help with my car loan

[Vashtorian]

i have a car that i've had for 2 years, i had horrible credit when i got it (a score of around 515) and have a 20.4% interest rate. I have been trying to get it refinanced but i still owe more than it's worth and my credit still isn't great, better though (605). I am wondering if i should pay more a month to principal to get rightside up on the loan or not. I tried to get a rate adjustment with my lender but they don't do that, they say. I went to my credit union to see about refinancing but they said since i owe more than my car is worth (i owe roughly 13,800 and the car is worth roughly 11,000) and my credit isn't great i wouuldn't get a refinanced loan through them. I am thinking of maybe trading in my car at some point, should i get rightside up before i do that by paying more a month which will go to principal? Should i try to refinance with someone else now? Thanks in advance

[2muchdebt]

I would see what other lenders would do in terms of refinancing first. Maybe your credit union won't help you out but there might be other banks out there that would look favorably on your history of steady repayment and try to attract your business. Look around before making a decision

[chane]

Yes, pay more towards the principal if you can. Meanwhile, get your credit scores up. What negatives do you have on your credit report?