Zombie direct debits

Back in 1919, not many people could afford to buy a car. Loans to do so were often hard to obtain. So General Motors set up the General Motors Acceptance Corporation (GMAC) as a financial services subsidiary. GMAC would provide you with a loan you could use to buy a GM car. By the 1990s, GMAC pretty much had the car financing thing down pat, and decided that the real estate market was easy money.