Credit Challenged Car Buyers Find Help Online Hope Star (ARA) - Eighty percent of all Americans have at least one blemish on their credit reports. And a third of all consumers have credit scores so bad that they may have difficulty securing a car loan. SUSAN TOMPOR: Auto scam steals your money and good credit Detroit Free Press Now, here's a fast-cash deal destined to make fast trouble. Auto lenders tell me there's a nationwide scam in which consumers are being enticed to take out a car loan -- or maybe two or three -- for someone else as a way to make quick money. Bad credit results when borrowing for another Bankrate.com via Yahoo! Finance A reader who good-heartedly but unwisely took out four car loans for someone else, and then defaulted on all of them, gets a cold splash of reality from the Bankruptcy Adviser. Borrowing for another invites bad credit Bankrate.com Dear Bankruptcy Adviser, I am presently very heavy in debt (more than $100,000). My problem is really not credit card debt which is approximately 30 percent of my total debt. Thinking about co-signing a loan? Think again Bankrate.com via Yahoo! Finance Too many people don't recognize that they could be stuck with paying the debt. 1993 Nissan Sentra XE from North America Carsurvey.org What things have gone wrong with the car? Where do I begin? A few days after I purchased the car, the exhaust pipe came apart and the car started stalling. 1988 Mazda RX7 GXL from North America Carsurvey.org What things have gone wrong with the car? This car has had minor problems such as the back wiper not working unless it feels like it. The clutch and engine are original and still strong. 2003 Chevrolet Cavalier Base from North America Carsurvey.org What things have gone wrong with the car? Nothing. General comments? In terms of engine and transmission, quality and exceptional engineering is the theme for this economical machine. 1998 Ford Taurus SE from North America Carsurvey.org I have a 98 Ford Taurus. It has what seems to be a transmission problem. It only occurs though when turning corners. Why would that be? It is usually when taking a left turn going about 20 - 30 mph. It shifts hard and squawks the tires. Any ideas. 1988 Dodge Diplomat Salon AHB Police Package from North America Carsurvey.org What things have gone wrong with the car? Carburetor has slight choke problem, will be easily fixed. Replaced lots of things on my last one, but then again I put 160K miles on it.
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