GMAC to lend money to those with credit scores higher than 700
We already saw how the economy has affected the markets, from real estate and auto industries, to financial institutions ... lending money to people that have a credit score of more than 700, I did not even blink ... . Long gone are the times when 0% down and “no credit needed” loans were widely offered by lenders [more...]
Date: 2008-10-24 21:26:58
Blog posts
(39)
|
Videos
(12)
GM Loosens Credit Restrictions
In a rare instance of seeing an immediate impact on consumers from federal bailouts, GM’s financing arm, GMAC, will lower its credit requirements from a credit score of 700 to one of 621 to secure car loans ... of providing credit to buyers, including an agreement with Midwestern credit unions. The new requirements [more...]
Date: 2008-12-30 16:13:12
Types of Credit Repair Services
Types of Credit Repair Services December 31st, 2008 Subscribe To Our Feed Unfortunately, the world is set up to encourage borrowing ... loan, you’ll need an unsecured credit card and a lender to get by. Americans with credit scores from 300 to 700 are all wondering how they can boost their credit scores to that much-coveted 850 [more...]
Date: 2008-12-31 20:38:00
Some Questions about GMAC
I’m a little late to the GMAC bailout story, but after reading all the newspapers and blogs I usually read, ... that GMAC will start lending to anyone with a credit score above 620, down from their previous minimum of 700. (The median credit score in the U.S. is 723.) 1. What is the relationship between GM [more...]
Date: 2009-01-01 04:40:56
GMAC limits loans to buyers with 700+ FICO rating
Filed under: Car Buying, GMIf you're in the market for a new car, you'd better get your credit score in order first ... to consumers with a credit score of over 700. That number is up from the 71% average ... . Auto lending units are looking for top tier customers right now, and GM's captive credit arm [more...]
Date: 2008-10-14 12:52:03
Re-blowing the bubble?
Didn’t we just do this? “GMAC Financial Services, the financing affiliate of General Motors Corp., said it would again lend to people with credit scores between 621 and 700, a range that many ... the lender do this? My credit score is excellent, my payments are always on time [more...]
Date: 2009-01-03 16:26:07
From the Archives (June 8th - July 5th)
Here are some of my favorite FCN articles from a year ago the past few weeks: ... for a Successful Moving Sale » Five Reasons you Should Care About your Credit (FICO) Score » The Limits of Frugality » $700 in Credit Card Bonuses (Anyone Can Apply) And here’s what was going [more...]
Date: 2008-07-07 03:35:10
White House Throws GMAC $6 Billion Rescue Line
Remember when the Bush administration was opposed to tapping the $700 billion Wall Street bailout to help Detroit’s Big Three? Fugetaboutit ... from a minimum credit bureau score of 700 two months ago down to a score of 621. From a statement from GMAC President Bill Muir: We will continue to employ responsible credit standards, but will be able [more...]
Date: 2008-12-30 16:29:15
GMAC: Three Key Questions
By James Kwak I’m a little late to the GMAC bailout story, but after reading all the newspapers and blogs I usually read, ... that GMAC will start lending to anyone with a credit score above 620, down from their previous minimum of 700. (The median credit score in the U.S. is 723.) [more...]
Date: 2009-01-01 11:25:17
What to do if you’ve been turned down for a loan
Turned Down For a Loan? Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]
Date: 2009-09-26 14:37:00
How to Set New Year’s Financial Resolutions You Can Keep
(source) Every year it’s the same old story. You start with the best of intentions but somehow never manage to fulfill your New Year’s ... goals. So start by finding out where you currently stand with a credit report from CreditReport.com or Equifax. If your credit score is lower than 700 due to some outstanding debt, see [more...]
Date: 2009-01-02 19:55:16
How to Set New Year’s Financial Resolutions You Can Keep
(source) Every year it’s the same old story. You start with the best of intentions but somehow never manage to fulfill your New Year’s ... goals. So start by finding out where you currently stand with a credit report from CreditReport.com or Equifax. If your credit score is lower than 700 due to some outstanding debt, see [more...]
Date: 2009-01-02 19:55:16
What to do if you’ve been turned down for a loan
Turned Down For a Loan? Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]
Date: 2009-09-26 14:37:00
Score for Team Dimples!!!!
Oh yeah! Oh yeah!!! Guess who's credit score broke the 700 barrier??MINE!!!!!!!!!!!!CREDIT SCORE = 707YAY!!!!!*ahem*Now back to your regularly scheduled program....... [more...]
Date: 2009-01-13 00:18:00
2008 Goals Review
I had a GREAT Bday weekend! I spent time with my family, had some quality time to myself, did some shopping, and ate some wonderful Caribbean food ... credit score to 700+ - AlmostMy current score is 686. I am almost there. 6. Change to paperless [more...]
Date: 2009-01-05 08:57:00
A Favorite Restaurant Burned by Something Other than the Economy
This morning as I drove to work, NPR told me that Bardstown at Grinstead was closed for a fire at Cafe Mimosa ... not to, I would have had nothing but praise. Check out the strangely beautiful picture from the CJ website. A Good Credit Score is 700 or Above. See yours in just 2 easy steps! [more...]
Date: 2009-01-16 13:53:00
No Cash Yet For Chrysler; Treasury Favors GM?
Although I don’t necessarily agree with The Wall Street Journal’s editorial this past Friday (January 2, 2009, pg. A14) ... their credit score threshold from 700 points to 621. Before the federal government stepped ... t receiving a penny of the funds, which is okay with them as they only wanted a line of credit to keep [more...]
Date: 2009-01-05 07:11:23
The Credit Crunch, Close Up and Personal
Within the last year, the true extent of the real estate debacle and ensuing credit crisis in the United States has become blatantly obvious ... and not just those in the subprime category. Customers with a credit score of 700, who were deemed “most ... . But now there is a new phenomenon rearing its ugly head: a credit crisis of the individual [more...]
Date: 2008-12-15 16:37:48
General Motors Fights Uphill Battle with Double Edged Sword
Shortly after the U.S. government lent the Big Three $17 ... GMAC increased its minimum required credit score to 700. This compared to the median credit score [more...]
Date: 2008-12-31 09:33:29
BUCKS COUNTY,PA: 1.5 Acre,"VillageCenter", DAYCARE,SCHOOL,Office,Financial,etc.
Commercial-RealEstate Forum. The forum on Shopping Centers, Industrial Blds, Commercial Land, Net Leases & More ... .+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Regards, Hans Cell: 610-659-8033 Email: hansemail@aol.com A Good Credit Score is 700 or Above. See yours in just 2 easy steps! RealData, Inc., [more...]
Date: 2009-01-15 04:00:00
Collector Threatens Jailtime Over Dead Debt [Debt Collectors]
Reader R. kinda messed up his credit years ago. He's a good boy now and his credit score is 700+, ... there ridiculous yearly service fees, and monthly account fees in full each month helped boost my credit enough ... but now RSI Claims Process Services is hassling him about a 12-year-old credit card debt [more...]
Date: 2008-10-24 21:04:06
Chrysler to Offer 0% Financing After New Bailout
The government loaned Chrysler Financial $1 ... to a wider range of credit scores, which means it will be that much easier for people without sterling scores of 700 to buy cars. A score of 620 will be sufficient to get you into a vehicle. Chrysler [more...]
Date: 2009-01-16 21:38:39
Where's The Happy Medium?
The other day, I noticed that the finance charge on one of my credit cards had gotten a lot higher, ... been more than $1,500), and in the last six months, my salary has increased about $10,000. My credit score hovers somewhere around 700, give or take. I have to wonder: Where's the 'increased risk'?The banks [more...]
Date: 2009-01-15 20:39:00
a book review
Field of BloodBy: Eric WilsonWow! This is the first book by Eric Wilson I have read. I guarantee it will not be my last ... | Thomas Nelson | Publisher of Christian boo.A Good Credit Score is 700 or Above. See yours [more...]
Date: 2009-01-16 10:30:00
The United Socialist States Of America
I can't imagine any politician arguing against this on principle, can you? ... , and immediately lowered its lending standards. No longer would buyers need a credit rating of 700 or higher. Now, people qualify with scores as low as 621, which is 2 points above “poor” and 102 [more...]
Date: 2009-01-14 03:19:28
104 Lot Subdivision/ Multi-Family
Selling a fully approved 104 SF house lots on 58 acres with all utilities ,roads and sidewalks in ... . Call for more details. Thank you, M&I Consulting Group 781-526-1395 Merrill342@aol.comA Good Credit Score is 700 or Above. See yours in just 2 easy steps! [more...]
Date: 2009-01-15 20:42:00
RE: FBC Update
Content-Transfer-Encoding: 7bit Content-Type: text/html; charset=”us-ascii” FBC Update 1/14/09 Prayer Remember Debbie Dillard in prayer today ... of Columbia South Carolina. Pastor Jay www.fbcnow.org A Good Credit Score is 700 or Above [more...]
Date: 2009-01-14 16:44:01
Needed, CA & AZ Retail and Office Investments
I have an all cash client looking for distressed / REO retail and office properties, $15 MM plus, CA & AZ. Dan MackeThe Macke Company895 Embarcadero Drive, Suite 201El Dorado Hills, CA 95762916 939-1498 ( Direct)916 939-1499 (Fax)dmacke1@aol.comA Good Credit Score is 700 or Above. See yours [more...]
Date: 2009-01-14 00:24:00
Northern Blvd./Greenvale NY Retail/LEASE
Please post: Northern Blvd./Greenvale NY Retail/LEASE15 Northern BlvdShort-term lease opportunity at reduced rent! ... ) 621-1706 (f)leslievitale11@aol.comA Good Credit Score is 700 or Above. See yours in just 2 easy steps! [more...]
Date: 2009-01-15 15:44:00
Volt Still Kicking as Feds Take $5B GMAC Stake
With a new $6 billion bailout from the Treasury approved late yesterday, General Motors has lowered its requirements for auto loans ... loans to customers with a credit rating of 621 or above, down from yesterday’s minimum score of 700 ... use progress on the Volt as leverage in negotiations for federal aid. So, bailout? Check. Cash [more...]
Date: 2008-12-30 21:00:12
Re: CBO Contact
Casey,Thank you so much for the info.Antonio S. LuisoniA Good Credit Score is 700 or Above. See yours in just 2 easy steps! [more...]
Date: 2009-01-16 18:17:00
Popcorn in the Pews | Christianity Today | A Magazine of Evangelica
Click Here>> Popcorn in the Pews | Christianity Today | A Magazine of Evangelical Conviction "Looking Unto Jesus"Hebrews 12:2A Good Credit Score is 700 or Above. See yours in just 2 easy steps! [more...]
Date: 2009-01-16 18:27:00
North Shore LI NY Office/LEASE
Please post: North Shore LI NY Office/LEASERoslyn350 SF to 5500 SFVillage locationsUnique office space Call for detailsOld Brookville2200 SF ... 11548(516) 621-1000 (v)(516) 621-1706 (f)leslievitale11@aol.comA Good Credit Score is 700 or Above [more...]
Date: 2009-01-15 15:57:00
NAR should put its money where its mouth is
I’ve hesitated to post this since I’m not sure how it will go over with other real estate agents (or my boss!). But, why not? ... on that loan will vary, based on your credit score, amount you put down, where you live ... purchases. It suggests using federal funds from the Troubled Asset Relief Program (TARP - $700 [more...]
Date: 2008-12-20 16:35:30
Heather Locklear Dodges DUI
Score another for DUI attorney Blair Burk- he’s kept another celeb out of the pokey! ... , whatever that means, and paid a whopping $700 fine. Oh, and she has to attend a 12-hour drug ... -team! photo credit: TMZ This content is copyrighted by Snark Food. --- Related Articles at Snark [more...]
Date: 2009-01-02 20:32:58
Local car dealers excited by Federal bailout of GMAC
GMAC mostly handles car loans for GM. Due to the “credit crisis” GMAC tightened their lending standards over the last couple of months so that you could only finance a new car if your credit score was 700 or higher. Note that 58% of Americans have a credit score of 700 or higher. The Federal Government got involved and used six billion [more...]
Date: 2009-01-06 01:26:57
Take A Peek At My Lending Tree Home Refinance Offers
Here’s a sneak peek at some that were offered to me when I signed up on their website ... on your credit report, obtaining your score only. This shouldn’t lower your credit score, so don’t worry ... with no points. I have a high 700’s credit score so I feel confident I’ll get a better offer than any [more...]
Date: 2009-01-16 06:48:36
GMAC Now Officially Requires 700-Plus FICO Score For New Car Loan [Financiapocalypse]
The Financiapocalypse continues. We just received a copy of an e-mail that went out at GMAC, the lending arm jointly owned by GM and Cerberus, ... : you'll now need a minimum 700 credit bureau score to get a car loan at dealer invoice or below from GMAC ... consumers who have a minimum 700 credit bureau score, with an advance rate equal to or less than [more...]
Date: 2008-10-13 22:20:00
GMAC to require 700+ credit score for auto loans
GMAC to require 700+ credit score for auto loans Read More Discuss (19)E-Mail Just a few years ago when credit was easy to come by and the housing market was over inflated, it wasn’t rare to see an average earner rolling around in a luxury car that should [more...]
Date: 2008-10-13 22:39:53
39
Results
