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No. of Recommendations: 5

I agree with much of what you said.

One caveat: Delinquent loans are EVERYWHERE, not GMAC only. The economy is very little to do with bad loans. The destruction of the family unit.."that is my ex's loan", or "divorce caused my credit to suck" is a big problem. Also, Liberalism attack on responsibility is working. Look at "bankruptcy"! It is no shame anymore, heck some lawyers give the idiots a blue ribbon with the discharge papers!

For what its worth, a big part of my own business deals with GMAC, and GMAC makes money hand over fist. Their ratio of "good loans" to bad is awesome.

Wanna see bad loans? See Ford Motor Credit.They approve people just for having a pulse. Also, look at Americredit and Household.

Just my 2 cents. GMAC is tougher on credit than its peers.

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