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GMAC Gets Tight

Oct 20, 2008 6:59 pm | Categories: buying, finance, negotiations, politics
Posted by thecarcnsltn

GMAC has announced that it will be only financing people with 700 credit scores . This I guess is due to the increasing number of people defaulting on their loans. What some of you may ask is;what does this have to do with me. Gmac is the finance company of GM and if the in house finace is getting that strict then you know that the housing market finance crisis has made its way down to the automotive industry...

Blog Category Results Found 1 entry. Categories results for: negotiations GMAC Gets Tight Oct 20, 2008 6:59 pm \| Categories: buying, finance, negotiations, politics Posted by thecarcnsltn GMAC has announced that it will be only financing people with 700 credit scores . This I guess is due to the increasing number of people defaulting on their loans. What some of you may ask is;what does this have to do with me. Gmac is the finance company of GM and if the in house finace is getting that strict then you know that the housing market finance crisis has made its way down to the automotive industry...