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Home > Money & Services > Bankruptcy & Debt   »   How is it done?

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Old Jul 7, 2008, 02:43 PM
jmbuzan
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How is it done?
How do people with bad credit buy new cars, people I know that have bad credit always seem to have new cars. How is it done?

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Old Jul 7, 2008, 02:53 PM   #2  
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They probably go to those places with the no credit, bad credit ads haha.
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Old Jul 7, 2008, 04:52 PM   #3  
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They are paying a HIGH interest rate!!!!!!!!!!!!!! aka loan sharks!
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Old Jul 8, 2008, 05:20 AM   #4  
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show that you have a job and pay 20% APR
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Old Jul 10, 2008, 09:24 PM   #5  
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Quote:
Originally Posted by jmbuzan
How do people with bad credit buy new cars, people I know that have bad credit always seem to have new cars. How is it done?
they use dummy companies with little or no capitalization. debt is transferred to these entities. invariably, bankruptcy ensues. the people behind this scam make big money in arranging original debt and then subsequently sell inflated property sure to get beaten down into bankruptcy....=bankruptcy..
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