View Full Version : How is it done?
jmbuzan
Jul 7, 2008, 02:43 PM
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?
charlotte234s
Jul 7, 2008, 02:53 PM
They probably go to those places with the no credit, bad credit ads haha.
slowandeasy
Jul 7, 2008, 04:52 PM
They are paying a HIGH interest rate!! Aka loan sharks!
TheCleaner
Jul 8, 2008, 05:20 AM
Show that you have a job and pay 20% APR
delite
Jul 10, 2008, 09:24 PM
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..