GMAC Tightens Credit for GM Customers
10/15/2008
GMAC Financial announced yesterday that they will only finance customers with FICO scores of 700 or above. GMAC finances roughly 45% of GM retail sales, and of that 45%, about 40% of those sales are by customers with sub-700 FICO scores. This will make it much more difficult for about 18% of GM’s customers to [...]
