Ge Credit Line

Two days ago my wife and I went to a furniture store to shop for furniture and was talked in to buying over 12 thousand dollars worth of furniture using a GE credit line that the store was offering with 2 year terms with nothing down and no payment or interest for 2 years. The next day we realized that we had spent way to much money and we decided to call and cancel our order for this furniture since it was not scheduled to be delivered to us until Feb 2007. When we called we were told we could not cancel the order and that they had already placed our order to the manufacturer. My question is can I cancel this order if I do not want to take delivery of this furniture in Feb. 2007? We feel we were talked in to buying way to much furniture by the salesman and would like to not buy this furniture. It was all charged on the stores GE credit line that we opened on the day of the sale. Any help would be appreciated

You should be able to cancel, but you may pay a cancellation fee depending on the store's policy. Take it up with the store manager and you don't get any satisfaction go further up the pecking order. It is unlikely the furniture would have begun to be manufactured or prepared for shipping just yet. Just act on it quickly.

2007-11-26 02:05:17 by golfshoe

After years of attempts to remain viable in a cut-throat global manufacturing environment, the GE refrigerator plant in Bloomington, Ind ...

No you cannot...

People cant seem to let it sink in that a couple of years ago BK laws CHANGED DRASTICALLY... you cant charge secured debt off like you used to... it all gets RESTRUCTURED.. not eliminated....

2009-07-29 15:31:58 by tom s

Price: $99.95

Connects up to three cell phones to regular corded phones
Wireless - when cell phones are placed within range, the XLink automatically connects to them
Answer cell phone calls on the home phone

I recently bought an engagement ring and financed through the jewelry store. Their financing is done by GE, and they gave me a $9500 credit line for an $8600 purcahse. This leaves me only $900 in available credit and a high credit utility for that line. Is this going to damage my credit? What should I do?

Because your debt to income ratio (aka utility rate) is pretty high your score will take a dip. More importantly is how well you repay the debt. If you the minimum required payments on time your score will eventually repair.

2008-08-26 11:00:30 by Andrew S

Price: $9.99

i recently purchased a street bike for my fiance, but i had to take out two more lines of credit to finance it.(worse mistake of my life) because one card has 24% interest and the other has 22% and both cards are around $7000.00 - $8000.00. we pay extra every month but it doesn't even make a dent.HELP!!! do I just call the creditors and ask them to lower the interest? does it even work that way? the creditors are HSBC and GE Money Bank.

Yes, you can. They will only lower the interest rate if you have a good history of paying on time. However, if that doesn't work you can tell them that you are having some economic hardship and they can put you on a program for a year or 6 months and you will not accrue any fees during this time. And they may suspend your account during this time...which is a good think if you're looking to lower the balance.


Keep trying, it might not work the first one or two times, but it does happen if you speak to the right person. Always ask to speak to a manager. And if that manager says no, there is always another one that will introduce you to a program. Don't take no for an answer.

2008-10-16 11:09:00 by Kira

I have the following debts:
Wells Fargo Mortgage- $62000.00
Citizens Auto Finance- $25000.00- Behind 3 payments
Debt Consolidation Loan- $18000.00
GE Money Line of Credit- $8000.00
Chase Credit Card- $5500.00- Behind 3 payments
Sears Card- $1600.00- Behind 2 payments
JC Penney Card- $1200.00- Behind 4 payments
Wal Mart Card- $1500.00- Behind 1 payment
Natural Gas- Behind 4 months

HELP!!! I only make $45000 a year before taxes!!!

First CUT UP THOSE CARDS!!!!!

Next you need to try and cut down the debt. If possible refinance and consolidate- though I see you have a Debt Consolidation Loan... so if you can, do it.

If you can't, of course pay the highest interest rate cards first. Or calculate the amount each card will cost + interest in the long run according to the amount you owe.

Next sell your car, or give it back, obviously you can't afford whatever type it is. Buy a used car -or even better, use public transportation, a bicycle, or your own two feet.. Who cares if the car is nice, when it's costing you an arm and a leg?

Next you have to CHANGE YOUR LIFE STYLE, as in cut your other expenses

Take shorter showers- get wet, turn off water, soap up, rinse off.

Turn off lights, go buy energy saving light bulbs. Don't use heating for your house, if you're cold suck it up and wear a damn extra sweater. Similar if it's burning up outside, only use a fan, carry an ice pack, go around with light clothing.

Learn to cook, at home, no exceptions. Brown bag your lunch.

From all the store cards you have I'm guessing that you buy a lot of things- either pawn them, or sell them on ebay.com, half.com, amazon.com etc.

Have a garage sale and get rid of your junk-it's amazing what people will buy.

Try to work overtime.

If you live by yourself, consider getting a roommate to cut costs, or move into a cheaper place.

Does this all sound stupid?

It's lifestyle choices that will help you from now on, even if you file for bankruptcy, because the choices you made were the ones that got you into the debt.

If you buy stuff to keep up with appearance and to impress people, you'll only look a fool later because they'll be hearing about your bankruptcy.

Make a strict budget. Don't break it, or get frustrated and say F-this. It's what will keep your from going into further debt, or in the future, from falling into the same cycle. Living within your means, it what will allow you to live comfortably.

2007-07-27 10:32:15 by Tanner C