Bringing Back Sub Prime.

[urbanrealtor]

As I recall the tier structure for cars is different.

I say that because was a Ford credit investigator after college and they used something other than FICO.

THerefore a 621 in cars may not be the same thing.
I am not certain of that though.

[CA renter]

THerefore a 621 in cars may not be the same thing.
I am not certain of that though.
——————–

I was told the same thing by a credit manager at a car company. Not sure if it was true, but throwing it out there. 🙂

[CA renter]

THerefore a 621 in cars may not be the same thing.
I am not certain of that though.
——————–

I was told the same thing by a credit manager at a car company. Not sure if it was true, but throwing it out there. 🙂

[CA renter]

THerefore a 621 in cars may not be the same thing.
I am not certain of that though.
——————–

I was told the same thing by a credit manager at a car company. Not sure if it was true, but throwing it out there. 🙂

[CA renter]

THerefore a 621 in cars may not be the same thing.
I am not certain of that though.
——————–

I was told the same thing by a credit manager at a car company. Not sure if it was true, but throwing it out there. 🙂

[CA renter]

THerefore a 621 in cars may not be the same thing.
I am not certain of that though.
——————–

I was told the same thing by a credit manager at a car company. Not sure if it was true, but throwing it out there. 🙂

[jpinpb]

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?

Just crazy thoughts in my head.

[jpinpb]

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?

Just crazy thoughts in my head.

[jpinpb]

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?

Just crazy thoughts in my head.

[jpinpb]

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?

Just crazy thoughts in my head.

[jpinpb]

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?

Just crazy thoughts in my head.

[Arraya]

[quote=jpinpb]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?

Just crazy thoughts in my head.[/quote]

Exactly, another brain dead move from the treasury. The last thing most americans need is to go into more debt, especially from a car company that will be bankrupt in the near future.

It’s unfortunate the we have to over consume to keep people employed. If Americans were savers we would lose a portion of the economy.

[Arraya]

[quote=jpinpb]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?

Just crazy thoughts in my head.[/quote]

Exactly, another brain dead move from the treasury. The last thing most americans need is to go into more debt, especially from a car company that will be bankrupt in the near future.

It’s unfortunate the we have to over consume to keep people employed. If Americans were savers we would lose a portion of the economy.

[Arraya]

[quote=jpinpb]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?

Just crazy thoughts in my head.[/quote]

Exactly, another brain dead move from the treasury. The last thing most americans need is to go into more debt, especially from a car company that will be bankrupt in the near future.

It’s unfortunate the we have to over consume to keep people employed. If Americans were savers we would lose a portion of the economy.

[Arraya]

[quote=jpinpb]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?

Just crazy thoughts in my head.[/quote]

Exactly, another brain dead move from the treasury. The last thing most americans need is to go into more debt, especially from a car company that will be bankrupt in the near future.

It’s unfortunate the we have to over consume to keep people employed. If Americans were savers we would lose a portion of the economy.

[Author]

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