Credit Cards Center Credit cards from our partners
Established Member
Posts: 21
Registered: ‎07-12-2013

GE possibly leaving the retail financing markets....???

I was reading a report that GE is considering pulling out of retail financing as early as next year. I don't know how accurate that is, but if it is true I think that would affect a great deal of people here who use GE to help rebuild their credit and for their nice CLI's and credit limits.

Valued Contributor
Posts: 2,110
Registered: ‎12-29-2011

Re: GE possibly leaving the retail financing markets....???

I only read that they will stop financing to gun retailers..

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)

Posts: 83
Registered: ‎07-27-2013

Re: GE possibly leaving the retail financing markets....???

Looks like they are spinning off the retail lending segment according to an article in the Wall Street Journal. Are links allowed?

Amex BCP | Barclaycard Arrival WMC | Chase Slate | Discover IT
Frequent Contributor
Posts: 375
Registered: ‎03-26-2010

Re: GE possibly leaving the retail financing markets....???



GE Set to Exit Retail Lending


Capital One Quicksilver Visa | Capital One Quicksilver Matercard | Sony Visa | ebay Mastercard | Best Buy Mastercard | JCP | Kohl's | Conoco | Bloomingdales | Shell | CareCredit | Firestone | Walmart | Academy Sports Visa | Macy's | Target | Amazon | Gap | Norstrom | PepBoys | Von Maur | Chevron |
Senior Contributor
Posts: 3,947
Registered: ‎10-02-2012

Re: GE possibly leaving the retail financing markets....???

I dont think this woud apply to gas cards since just last month 76 gas cards were sold to GE from CITI.

Secured: Non Secured:
(EQ FICO 614) (EX FICO 631) (TU FICO 628) Gardening Since 08/15/15 For All 3 Credit Bureaus
Established Contributor
Posts: 527
Registered: ‎07-24-2012

Re: GE Capital set exit retail lending

Mike1inTX wrote:

Asked for an increase on my Walmart store card.  Denied.    6th statement from last increase




Seems like GE is tightening the belt quick.


<incident that happened to one person>

<broad generalization of that incident to everyone>


Not really sound logic.


The recent reporting of 90-day freezes and account audits holds a little more water, but as far as I can tell there have been 4 forum members who reported that out of the entire forum membership.  And GE cards are very popular amongst the membership, so it feels too soon to call this a trend.


Nor are these 90 day audits something new:


I'm not saying that some of the recent activity on GE credit accounts can't eventually turn out to be related to this planned spin-off/IPO of the lending division. Just that it's highly speculative to assume the sky is falling when all we've got is a handful of raindrops at this point.

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12)
Current: EQ 687 (CCT 9/2/15), EX 708 (CCT 9/2/15) , TU 703 (CCT 9/2/15) Goal: 740+ x3
My Wallet: Amex BCP $30k, Chase CSP VS $12.2k, Amex Zync NPSL (> 10k), C1 Venture VS $6.5k, Amex SPG $4.5k, Chase Slate $3.5k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500
My Loans: Prosper $25k/36mo, Prosper $17k/36mo
My Business: Chase Ink VS $5k
Established Contributor
Posts: 769
Registered: ‎04-20-2012

Re: GE Capital set exit retail lending

Aparently GE has been up to this for a while now, just found an article dating back to May of this year....

Capital One QuickSilver MC $4.5K | Amazon $1.8K (CLOSED) | Walmart $5K | Paypal SC w/Debit card $5K (CLOSED) | BOA Cash Rewards Sig $6.5K | BOA BBR $1K | Discover IT $13.5K | AMEX Sr Green Charge (NPSL) | PNC CashBuilder $1.5K | Paypal Extras MC $6k | PNC Auto Loan $20,038.75 | AMEX SimplyCash Biz CC $3k | BOA Cash Rewards Biz CC $3.5K | Chase Freedom $8K | CapOne Spark BIZ Cash Visa Sig $5k | AMEX SimplyCash Biz CC $10k (LLC) | AMEX Everyday $2k | Sallie Mae WMC $4.4K | Citi Double Cash WEMC $5k
Posts: 27,207
Registered: ‎09-13-2012
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.