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WASHINGTON — The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., from the $700 billion bank rescue program.
Originally posted by Destinyone
Let's hope you've not been a victim of identity theft. It could be there has been very recent activity on your credit report that has nothing to do with you.
Other than that...I'd be angry too. Customer loyalty doesn't mean squat with large corporations anymore. We are all just numbers in a data bank somewhere.
Let us know what reason GM decided that your money wasn't good enough for them anymore.
Des
Originally posted by nh_ee
reply to post by jerryznv
I feel that it's more of an indication of the state of the banking system and you might face the exact same thing elsewhere...
If banks are beginning to call in loans then they are teetering on collapsing.
Not a good time to borrow anything anyway....especially in this economic climate....
Peace
Originally posted by Destinyone
reply to post by jerryznv
Regarding identity theft. If someone has *applied* for a loan, but it is still in the approval stages. It would not show up on your credit report as a done deal. But, it would still be in the system as applied for. Does that make sense to you...I'm not the best at explaining things.
I sure hope this is not the case.
Originally posted by jerryznv
What happened to loyalty...years of doing business with Chevy...and they dump on me!
Originally posted by ManFromEurope
Okay, there is a dealer who won't sell his car to you. Because your credit was declined (as far as I unterstood). You say that there is nothing wrong with your credit-line, you have enough money.
My first thought was: "Oh dear, buying a new car every odd year or so, that must give a lot of credit to pay for in the end, it sums up."
But really, I have no clue why he didn't want to make the deal.
Originally posted by Aliensun
You may wonder if GM does not want to loan you the money via GMAC while they have to pay for their plants, employees, etc. They evidently want you to obtain a loan elsewhere so that they get paid on the spot. That would be a sign that they need the cash pronto.
Originally posted by Aliensun
You may wonder if GM does not want to loan you the money via GMAC while they have to pay for their plants, employees, etc. They evidently want you to obtain a loan elsewhere so that they get paid on the spot. That would be a sign that they need the cash pronto.
Originally posted by schuyler
Couple of questions.
Would this have been a zero interest loan? I know Chevy has offered these in the past. I have a 2007 Classic Duramax and they were pushing this when I got my truck.
So if you buy every couple of years you pay off the old loan with the new one? In these 15 years have you ever paid off a loan completely, or do you just "roll over" one loan into another?
Do you know what your credit score is? (I'm not asking you to share unless you want to, but asking if you have that piece of information for yourself.)
And that's why they won't make yet another loan to you. You're pretending to be a victim here and portraying them as the bad guy. You've been playing them for fools and they are finally cutting off the gravy train. You had a good run at their expense. Now, it's over. Daddy is finally cutting you off.
we have paid off 4 cars in that time through GMAC...my wife falls in love and never wants to get rid of her car until it is completely necessary..