CreditUnions


GM partners with credit union to offer $10 billion in new car loans

Anyone who's tried to go get a loan for a new car has surely found it a bit tougher today than it was just a few months ago. Every automaker is having difficulty selling new cars in this market, and none more so than General Motors and its finance arm GMAC, which recently limited loans to individuals with a FICO rating of 700 or higher. The General has gone so far as to reward salespeople and dealerships for sending customers to financing deals outside of GMAC. A group of 1,200 Credit Unions in Midwestern states, however, have banded together ... Read more →

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Autoblog Podcast #155: 'Twas the night before LA...

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