Nothing Says They Have Learned A Lesson Like GMAC Lowering The Credit Requirement From 700 To 621

Posted by on 12/31/2008

As we are still reeling from the subprime credit crisis,  GMAC said it would relax credit requirements to allow loans to 80 percent of U.S.

bangheadagainstwall

Linked with:

Automotive Bailout, Subprime Crisis, ,

2 Comments.

  1. Thomas Paine 1/1/2009 at January 1, 2009 - 09:13 AM

    People have lower credit ratings now.
    If they don’t lower the credit rating requirements, how are they going to ruin the lives of more Americans?

  2. Fred Dawes 1/1/2009 at January 1, 2009 - 04:27 PM

    this is funny i have had 3 new car in 40 years each one i paid cash for my new one is a KIA By Ford yes people Ford owns KIA Maybe you didn’t know that fact? and you do know who owns the jap cars right? Ford makes over 50 bill a year from the U.S And world auto market.