GE Credit cards

[corymcd88]

I was talking to credit solution with GE and they said they may sell off cards to different bank if they can't find a buyer for all of their cards.

[SunriseEarth]

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@corymcd88 wrote:

I was talking to credit solution with GE and they said they may sell off cards to different bank if they can't find a buyer for all of their cards.

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This probably belongs over in General Credit Topics.   Anyway, I think the plan for GE is to spin off the entire division, as it's probably too big for a single buyer.

[meehan22]

Noooooo! I just got 2 of their products. 

[09Lexie]

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@corymcd88 wrote:

I was talking to credit solution with GE and they said they may sell off cards to different bank if they can't find a buyer for all of their cards.

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It was reported earlier that GECRB is selling their retail cc's to Synchrony Financial.  I believe its later this year 

[john398]

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@09Lexie wrote:

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@corymcd88 wrote:

I was talking to credit solution with GE and they said they may sell off cards to different bank if they can't find a buyer for all of their cards.

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It was reported earlier that GECRB is selling their retail cc's to Synchrony Financial.  I believe its later this year 

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isn't that just a SPin Off of GE? if so they are not really selling to another company its just like creating another company with existing people

[Revelate]

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@john398 wrote:

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@09Lexie wrote:

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@corymcd88 wrote:

I was talking to credit solution with GE and they said they may sell off cards to different bank if they can't find a buyer for all of their cards.

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It was reported earlier that GECRB is selling their retail cc's to Synchrony Financial.  I believe its later this year 

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isn't that just a SPin Off of GE? if so they are not really selling to another company its just like creating another company with existing people

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Yes, as I understand it Synchrony Financial is the name they're using for their IPO but it's the same organization.