topic Re: GE Capital in Credit Cards

GE Capital

Creditcurious74 — Mon, 22 Apr 2013 20:23:20 GMT

Hello, I'm considering buying a watch and would like to finance 50% with no interest for 12 months, does anyone know if they're BK friendly and what fico score is needed. Also what bureau do they use. If anyone has applied for GE Capital products please give me your thoughts with cons and pros.

Re: GE Capital

09Lexie — Mon, 22 Apr 2013 20:31:34 GMT

Which GE cc are you considering? How long ago was your BK discharged?

Re: GE Capital

LS2982 — Mon, 22 Apr 2013 20:38:46 GMT

Is this Ultra Jewelers??

Re: GE Capital

Creditcurious74 — Mon, 22 Apr 2013 20:54:57 GMT

The store name is Fashion Time in Virginia. The BK was discharged on October 2011 but I've accomplished couple credit cards with low balance and a auto. I don't want to waste a HP if they will denied because of BK

Re: GE Capital

LS2982 — Mon, 22 Apr 2013 23:06:12 GMT

@Zelaya wrote:
The store name is Fashion Time in Virginia. The BK was discharged on October 2011 but I've accomplished couple credit cards with low balance and a auto. I don't want to waste a HP if they will denied because of BK

GE is pretty forgiving with BK but your not even 2 yrs out of it yet. How long have your other accounts been open??

Re: GE Capital

09Lexie — Mon, 22 Apr 2013 23:12:23 GMT

GE usually pulls TU and like LS can be pretty forgiving. I'm not sure if this GE product will pull from Exp or TU. my Sony Card is GE and it pulled EX, CareCredit AFAIK is Ex too.

I assume you did not file on GE 😁

Re: GE Capital

Rhaeny — Mon, 22 Apr 2013 23:16:00 GMT

Well I'm gonna say that YMMV, but my bk was discharged in Nov 2012 so its only been 5 months. I have gotten Paypal $800, JCP $1500, Walmart $2500 and Amazon $1500. My bk is clearly listed on all 3 CRA's along with a few baddies from the BK and these were all instant approvals. I also have somewhat of a thick file, AAOA is 5 to 6 years. I took a tank on that for opening up so many cards lately...LOL!

But what are your scores and what does your credit look like? What CC's do you have? What is your util?

Re: GE Capital

Creditcurious74 — Mon, 22 Apr 2013 23:19:12 GMT

My auto loan just hit 12 months and my first credit revolving will be 1 year next month. Most of jewelry store in Tyson mall uses GE Capitol. If they pull TU I really don't mind. My current FICO score is 637 which is kind of low. I'm currently in garden diet but I really don't want to use my other card because I don't have no zero interest offers.

Re: GE Capital

LS2982 — Mon, 22 Apr 2013 23:23:18 GMT

@Zelaya wrote:
My auto loan just hit 12 months and my first credit revolving will be 1 year next month. Most of jewelry store in Tyson mall uses GE Capitol. If they pull TU I really don't mind. My current FICO score is 637 which is kind of low. I'm currently in garden diet but I really don't want to use my other card because I don't have no zero interest offers.

Give it a shot!! It is YMMV, good luck to you!!!

Re: GE Capital

Rhaeny — Mon, 22 Apr 2013 23:25:13 GMT

@Zelaya wrote:
My auto loan just hit 12 months and my first credit revolving will be 1 year next month. Most of jewelry store in Tyson mall uses GE Capitol. If they pull TU I really don't mind. My current FICO score is 637 which is kind of low. I'm currently in garden diet but I really don't want to use my other card because I don't have no zero interest offers.

Hmmm well the score might present a problem. I should have also stated that at the time I app'd my scores, including TU were above 700. I think you still have a chance but the odds maybe decreased now with your score. What is holding your score down? Do you have any baddies? What is your util?

Re: GE Capital

FinStar — Mon, 22 Apr 2013 23:35:12 GMT

@Zelaya wrote:
My auto loan just hit 12 months and my first credit revolving will be 1 year next month. Most of jewelry store in Tyson mall uses GE Capitol. If they pull TU I really don't mind. My current FICO score is 637 which is kind of low. I'm currently in garden diet but I really don't want to use my other card because I don't have no zero interest offers.

Unfortunately, only GECRB will be able to determine if you qualify for approval. All the opinions on this board serve to provide some sort of baseline based on annecdotal information on the lender. It appears on the surface that your credit file may be fairly young but as others have mentioned, your experience on this may vary since GECRB can be odd sometimes. The question mainly boils down to a couple things: is the purchase a need or a want? and, since you mentioned you are in the garden, what would be the harm in waiting?

Re: GE Capital

calihlove75 — Tue, 23 Apr 2013 00:05:04 GMT

I think you should wait. I know GE can be BK friendly, but I think your score is too low for an approval. I could be wrong though, but personally I think you would be wasting a HP.

Re: GE Capital

Creditcurious74 — Tue, 23 Apr 2013 02:10:36 GMT

Thanks guys for your honest opinion. Last month I applied for the Amex Optima recovery card and I just noticed tonight Amex is reporting in my credit report the original date I've been member March 26th 2006. Would this help with GE showing more than 36 months of history. They pull TU or Experian which I don't have too many inquiry.

I'll keep you guys posted if I decide on pulling the trigger.

Re: GE Capital

LS2982 — Tue, 23 Apr 2013 02:16:35 GMT

They more than likely pull TU. If you do pull the trigger good luck to you! Keep In mind GE is very hard to recon if declined.

Re: GE Capital

Creditcurious74 — Tue, 23 Apr 2013 02:18:44 GMT

Hi Finstar

It's more of a "want" I'm watch guy plus I'd only be financing 50% I'm in the garden with my equifax report since it has taken a impact on most of my recent applications spree I did last months. I called GE and spoke with a rep they did confirm they only pull Transunion or Experian. Thank you guys for your opinion.

Re: GE Capital

Creditcurious74 — Tue, 23 Apr 2013 02:22:07 GMT

Do you guys think by having Amex reporting me since 2006 might help?

Re: GE Capital

myjourney — Tue, 23 Apr 2013 02:32:27 GMT

@Zelaya wrote:
Do you guys think by having Amex reporting me since 2006 might help?

Oh YES

Re: GE Capital

calihlove75 — Tue, 23 Apr 2013 02:34:35 GMT

@Zelaya wrote:
Do you guys think by having Amex reporting me since 2006 might help?

It just might. It might even result in an increase to your score. My son was denied Amazon, but after I added him as an AU on one of my cards with 15 months history, he was instantly approved for Amazon and Walmart.

Honestly, you are just not going to know until you app. If you decide to try, good luck.

Re: GE Capital

Anonymous — Tue, 23 Apr 2013 13:25:36 GMT

You will have problem with the score that low
Try in 6 more months

Re: GE Capital

sarkell — Tue, 23 Apr 2013 13:28:32 GMT

If you were over 650 I'd say apply. Otherwise wait a few more months.