Your car has a timing chain, NOT a timing belt. No, a timing chain will not cause a squeel.

Your serpentine belt needs to be replaced probably. Check the tensioner and tensioner shock too.

__________________
Ali Al-Chalabi

2001 CLK55
1999 Dodge Ram 2500 Cummins Diesel
2002 Harley-Davidson Fatboy
Merlin Extralight w/ Campy Record