I heard about the GMAC lowering the credit score. Maybe I’m missing something here:
Will lowering the credit score allow people to purchase their vehicles that ordinarily wouldn’t have? I.e., is that what’s keeping people from buying their cars, as opposed to a Toyota or any other vehicle?
If unemployment is rising, why would someone go out and buy a new car anyway? Wouldn’t finding a job, paying rent/mortgage and food on the table be more of a priority?
If the people had bad credit, wouldn’t it be more advantageous to sell to someone w/good credit?
If someone has a lower credit score, then they are apt to not make payments. If they default on their car/truck payment, how will that help the company in the long run?
