Yes the last answer is correct also. GMAC RFC is part of the General Motors Acceptance Corporation Residential Funding Company. If you go to get a Vuxhall car on HP you would deal most probably with GMAC to provide finance - RFC was formed a few years ago as the Residential Lending arm providing mortgages to either people with less than satisfactory credit, or who, for other quite acceptable reasons (i.e. wanting a non-standard mortgage to buy 2 properties for example) cannot go to a mainstream lender.(posted 8317 days ago)How do I know - I am one of their customers too. They operate on a no-nonsense attitude and if you are more than 2 months in arrears you can expect them to take possession proceedings - after all, if you were 2 months in arrears with your landlord's rent, he too can take a possession order out - what is the difference?
Advice to the borrower is, dont bury head in sand, contact them, give them dates for payment and stick to it.