Bloomberg reported that GMAC is granting loans only to buyers with credit scores above 700. That is very good credit. (I have referred to 720-730 as great credit previously.)
Here is the link: GMAC's Lending Limits May Add to GM's U.S. Sales Woes
GMAC said yesterday it's granting financing only to buyers with scores of at least 700, who represent about 58 percent of U.S. consumers. The Detroit-based company, now controlled by Cerberus Capital Management LP, provided 43 percent of GM's second-quarter auto loans.
If you are thinking about buying a home and your credit is short of the 700 score range, we can probably help you. We've been helping buyers improve their credit for about 15 years and we now have a specific service to improve credit scores by around 100 points.
To get more information visit our credit repair information site.
Jon Boyd, Broker/Manager
The Home Buyer's Agent of Ann Arbor, Inc.
Click here for more Ann Arbor real estate information
member office of http://naeba.org
734-662-6240
1908 W. Stadium Blvd. Ann Arbor, MI 48103
Ann Arbor's Most experienced Exclusive Buyer's Brokerage!
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