GMAC Relaxes Credit Squeeze, GM Offers Zero Percent
by KBB.com Editors | March 19, 2010 8:01 AM
After receiving a cash infusion from the government, GMAC Financial Services has relaxed its credit standards for borrowers, lowering its minimum acceptable credit score from 700 to a below-average 621. To further sweeten the pot, General Motors has kicked off what promises to be a series of incentive programs by offering zero-percent financing on a handful '08 models -- Chevrolet TrailBlazer, GMC Envoy and three Saabs -- and reduced-rate financing on a longer list of '08 and '09 vehicles that includes the Buick Lucerne and Lacrosse, Chevy Malibu and Silverado, GMC Yukon and nearly every Cadillac. If you think the loosened restrictions might make the difference in your quest for new wheels, you can check your credit scores at a variety of websites like AnnualCreditReport.com and FreeCreditScore.com.