Auto Lenders Cutting Back Loans To Sub-Prime Customers

Financial analysts have been raising concerns about the amount of sub-prime lending happening within the auto industry. Some are worried about a lending bubble that could have a negative impact on the economy. But lenders are actually scaling back the the numbers of high-risk auto loans. » 9/11/14 10:20am 9/11/14 10:20am

Breaking! GMAC Pays Off A Credit Card, Buys Back $500 Million In Debt

Earlier this week Bloomberg News reported GMAC, the finance subsidiary of the world's biggest automaker, was looking to seek some capital the old-fashioned way. No, not by inheriting it...the other old fashioned way...borrowing it. The New York mayor's trust-held News company reported it might be selling its first… » 9/14/06 9:37am 9/14/06 9:37am