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GMAC-RFC announces Hope Foundation charity

GMAC-RFC has announced the worldwide launch of a charitable foundation specifically aimed at preventing repossession.

The first award from the foundation is to the UKs Citizens Advice, to fund the provision of free financial advice for those people under the threat of repossession.

The money will be used to fund the recruitment of face-to-face money advisers for the CAs Specialist Support Unit. GMAC-RFC created the US-based Homeownership Preservation Foundation in 2004.

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