Bruce Nunnally Posted October 14, 2008 Report Share Posted October 14, 2008 Reuters "The changes include limiting purchases to contracts with a credit score of 700 or above," GMAC said in a statement. "These changes in pricing and underwriting are related to the current market environment, which has reduced access to funds and increased the cost of funds." The company said it expects the restrictions to remain in place until credit markets stabilize. GMAC also said it has increased the rate it charges car dealers for providing standard auto financing by 75 basis points. Bruce 2016 Cadillac ATS-V gray/black Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
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