Motors Liquidation Company (fka MTLQQ)

[I-Man]

This is what I and others have been saying a long time regarding credit facilities as most people have no idea about the 3 major credit bureaus or how they have altered reporting quietly on persons today from what people were accustomed to, in effect seeing 85% of Americans now having a score of only 625 or lower! Very few people have what is deemed "excellent credit" and there are many reasons for this today and NOT always because the borrower or person in concern did something illegal or bad. Events that have happened including credit card companies using bad tactics have affected many people wrongly and this has kept so many hard working people from receiving loans who can actually afford them- because the previous credit limit FORCED people to go to subprime lenders as in case of my state of NC, they can charge up to 30% interest rates which is legalized loan sharking keeping people caught in a credit rut hardly able to pay their ways out of this..

So this GMAC matter will now allow hundreds of thousands of borrowers to go after new cars at reasonable prices & reasonable interest rates from GMAC dealers and receive incentives from the manufacturer which before they were kept from because maybe 15% of Americans out there could ever qualify for them!!