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    jmbuzan's Avatar
    jmbuzan Posts: 1, Reputation: 1
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    #1

    Jul 7, 2008, 02:43 PM
    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?
    charlotte234s's Avatar
    charlotte234s Posts: 1,903, Reputation: 143
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    #2

    Jul 7, 2008, 02:53 PM
    They probably go to those places with the no credit, bad credit ads haha.
    slowandeasy's Avatar
    slowandeasy Posts: 353, Reputation: 14
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    #3

    Jul 7, 2008, 04:52 PM
    They are paying a HIGH interest rate!! Aka loan sharks!
    TheCleaner's Avatar
    TheCleaner Posts: 152, Reputation: 3
    Junior Member
    		  
    #4

    Jul 8, 2008, 05:20 AM
    Show that you have a job and pay 20% APR
    delite's Avatar
    delite Posts: 202, Reputation: 3
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    #5

    Jul 10, 2008, 09:24 PM
    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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