GMAC limits loans to buyers with 700+ FICO rating
Mandating near perfect credit may sound like one of the best possible ways to ensure GM will see even lower sales totals at the end of October, but that's likely the only way GMAC can get loans from banks. The question isn't whether GM will be the only automaker to look for FICO ratings of 700+, it's whether any other automaker won't follow suit.
[Source: Automotive News - Sub. Req.]
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