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GMAC limits loans to buyers with 700+ FICO rating
If you're in the market for a new car, you'd better get your credit score in order first. Auto lending units are looking for top tier customers right now, and GM's captive credit arm is going so far as to mandate a FICO rating of 700 or higher. GMAC is requiring this measure in response to the instability in the global capital and credit markets. The move is likely to cost GM some sales, but according to credit information services company Experian, 74.3% of all auto loans went to consumers with a credit score of over 700. That number is up ... Read more →
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GMAC limits loans to buyers with 700+ FICO rating 1 year ago on Autoblog
If you're in the market for a new car, you'd better get your credit score in order first. Auto lending units are looking for top tier customers right now, and GM's captive credit arm is going so far as to mandate a FICO rating of 700 or higher. GMAC is requiring this measure in response to the ...
Spyker Tries Again: Submits 11th-hour, 11-point bid for Saab
BREAKING: Swedish Patient Succumbs - Deal for Saab is dead on the table, GM to wind down brand
Confirmed: 2011 Ford Mustang GT to offer 412-horsepower 5.0-liter V8
Officially Official: VW and Suzuki tie the knot
BREAKING: Whitacre to shakeup GM management, put Lutz in product planning [UPDATE: Confirmed]
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