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more about #fico more comments → Jo Schmo: So if I drive my expensive "private" automobile to the GM dealer and "beg" for a car loan because times are hard I should get it right? more » zeeboid: good move GM. Way to do the same as all the other lenders below you. A car you can take back and regain your losses from pretty easially compaired to ... more » jbownsabmw- Koopas Beware: So they successfully held the Gubment hostage for their share of the pie? I would venture to guess there was not a single person at GMAC who believed ... more » YotaLoLux: Two words: Subprime Cadillacs. more » Ash78, cube farmer: Coming from the world of consumer lending, 620 is about our median customer. That's far from "crappy" in the consumer world. In fact, that's about the... more » -
#carpocalypsenow
GMAC Resumes Car Loans To Customers With Crappier Credit
Crappy credit? Still want a GM product? That's no longer a problem. Thanks to yesterday's $6 billion bailout, GMAC plans to expand credit criteria from a minimum 700 FICO score to 621 or above.
