GMAC, the finance companyaffiliated with General Motors Corp (GM.N: Quote, , Research, ), said on Monday itwould pull back from riskier and longer-term auto lending inresponse to tight credit conditions that has limited its accessto funds.



GMAC said it would be more conservative in extending carloans, restricting them to U.S. consumers with good credit andto shorter terms.



'The changes include limiting purchases to contracts with acredit score of 700 or above,' GMAC said in a statement. 'Thesechanges in pricing and underwriting are related to the currentmarket environment, which has reduced access to funds andincreased the cost of funds.'



The company said it expects the restrictions to remain inplace until credit markets stabilize.



GMAC also said it has increased the rate it charges cardealers for providing standard auto financing by 75 basispoints.



A GMAC spokeswoman said the company was taking the stepsbecause of tough economic conditions.



'In general, it's clear that the U.S. consumer iscontinuing to feel stressed,' she said. 'What we are seeing inthe marketplace today is unprecedented.'