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View Full Version : Loans From GE (General Electric), Heard Horror Stories


Kommander_KornFlakes
May 9th, 2008, 10:27 PM
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GE Money Canada, based in Mississauga apparently, loans money to finance cars and whatnots, but I heard horror stories of people buying cars using their money and then paying the full amount and not being able to sell those vehicles because the company drags its feet to lift the liens, even when paid the full amount.

Anyone here has any experiences or loans from GE Money?

Question: Why should I go get a loan with them and not use the money from my BMO line of credit? Or why use GE when I can get a loan from my bank?

Thalo
May 10th, 2008, 12:06 AM
AFAIK GE Money focuses on consumer credit and consumer loans. GE credit might be working with a particular car dealership or something to provide financing. I don't know if you can proactively seek out and apply for a GE credit loan.