Dear Terry,
I have just filed for bankruptcy (due to a subprime mortgage debacle) and I am in need of another car. How can I re-establish my credit to get a car loan without getting completely ripped off with an outrageously high interest rate?
-- Daisy

Dear Daisy,
It's likely that the only lenders who will offer you a loan will be those that specialize in high-risk borrowers -- of which, by virtue of the bankruptcy, you're now one.

I have seen interest rates from these places running to more than 20 percent. My best advice it to get the least expensive car possible, pay it off as quickly as possible, and then look for something better when your credit score improves.

Here are this week's reader questions:

• Dispelling two pesky car myths • Can I escape my loan -- and financial damage? • How can I avoid an outrageous interest rate? • Would this offer make me look like an idiot?

If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter.