GMAC resumes car loans to riskier borrowers

General Motors' financing arm said Wednesday it plans to temporarily waive some dealer fees and start making loans to more potential buyers with low credit scores in a bid to stop the extended slide in U.S. vehicle sales.
GMAC said it will set aside $5 billion for consumer loans over the next 60 days and will resume lending to consumers with credit scores below 620 points, a level that flirts with riskier borrowers.


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