topic Re: 700 Score Required for GMAC Credit in General Credit Topics

700 Score Required for GMAC Credit

Anonymous — Tue, 14 Oct 2008 17:10:53 GMT

I think things here at MyFico forums may even get busier with the announcement of GMAC Credit now requiring a 700+ FICO score.

Re: 700 Score Required for GMAC Credit

Junejer — Tue, 14 Oct 2008 17:21:10 GMT

Hope that they pull TU for you, if you are looking for credit at GMAC.

Re: 700 Score Required for GMAC Credit

Anonymous — Tue, 14 Oct 2008 17:33:15 GMT

I just think this is a thing to come. I am not looking for new credit, but this announcement is going to be very common for many more companies to come.

Re: 700 Score Required for GMAC Credit

Anonymous — Tue, 14 Oct 2008 17:36:50 GMT

Lefty - This past weekend, my local paper was advertising that for the best rates at the local GM and Ford dealer, you needed a 750. A Lexxus dealer verbally told me a 710 or 720 was Tier A.

Re: 700 Score Required for GMAC Credit

dilligaf_racing — Tue, 14 Oct 2008 18:17:06 GMT

@Anonymous wrote:
I think things here at MyFico forums may even get busier with the announcement of GMAC Credit now requiring a 700+ FICO score.

700 minimum to get approved? Looks like they are just going to be selling even less cars.

Re: 700 Score Required for GMAC Credit

Junejer — Tue, 14 Oct 2008 21:20:51 GMT

dilligaf_racing wrote:

@Anonymous wrote:
I think things here at MyFico forums may even get busier with the announcement of GMAC Credit now requiring a 700+ FICO score.

700 minimum to get approved? Looks like they are just going to be selling even less cars.

They will be selling fewer cars, because they will be making fewer cars. They recently announced that they are closing a local plant here (Janesville, WI).

Re: 700 Score Required for GMAC Credit

fishbjc — Wed, 15 Oct 2008 13:31:37 GMT

700 MINIMUM? Looks like I'll be knocking on NFCU's door. I hope they answer, lol.

Re: 700 Score Required for GMAC Credit

Anonymous — Wed, 15 Oct 2008 18:13:56 GMT

Yes, I am glad I have been an NFCU member since 1983 and they have always been just with me.

Re: 700 Score Required for GMAC Credit

demi — Wed, 15 Oct 2008 21:46:42 GMT

Just saw this in the SacBee....apparently GM is concerned that their announcement may drive (no pun intended) away customers...want to make it clear you can still get a loan (with a 700 score).

http://www.sacbee.com/840/story/1317256.html