Well, if GMAC won't lend to anyone under 700 CS, then there would seem to be a business opportunity! Perhaps some banks, or other folks, might offer loans to the "less than prime" customers? Of course, they'd have to pay higher interest rates, but sounds like a great investment, no?Of course, with the economy in the US tanking faster than Amy Winehouse, the only people with CS's over 700 soon will be Gates and Buffet, and not by much...
Didn't lending to "less than prime" customers cause the present situation?
