GMAC Now Officially Requires 700-Plus FICO Score For New Car Loan

The Financiapocalypse » 10/13/08 6:20pm 10/13/08 6:20pm continues. We just received a copy of an e-mail that went out at GMAC, the lending arm jointly owned by GM and Cerberus, from Barbara Stokel, GMAC's EVP of North American Operations. Here's the most salient detail: you'll now need a minimum 700 to get a car loan at dealer invoice or below from…