GE Capital Cuts Off Lending to Gun Shops

[ATX_Shawn]

GE Capital Cuts Off Lending to Gun Shops - WSJ.com

Well then.. Why don't we start an investment fund, funded by gun owners like us, to make sure these companies can get the money they need to make the weapons we want.

Im kinda joking, but fairly serious. I dont see why this wouldn't be feasible.

 

[Southpaw]

I noticed the GE financing was gone from Buds in January. Up until now I wasn't sure if that was Bud's decision or GE. I guess I know.

 

[ATX_Shawn]

Stole this from FB..

"There are 5 reasons you should NEVER use a product from GE (General Electric).

1. The current Jobs Zar is the CEO
2. They have more jobs in China than the USA
3. They pay ZERO corporate Taxes
4. They own NBC/MSNBC

Everything this admin needs to socialize the country in one company...

GE Capital is the financial services unit of General Electric, one of five major units. Its various divisions include GE Aviation Services, GE Real Estate, GE Energy Financial Services, GE Money, and GE Commercial Distribution Finance. Oh and GE Health"

 

[Younggun]

Yup, GE is tied in pretty tight with the Obama admin. Not surprised.

They actually get money when they do their taxes instead of paying in. No different than the leaches who aren't willing to work IMO.

 

[hkusp1]

I have a GE captital card from when I had lasik done. Looks like I'll be paying off the balance and canceling as soon as possible.

 

[Jakashh]

I have a GE captital card from when I had lasik done. Looks like I'll be paying off the balance and canceling as soon as possible.

Don't even pay off the balance. Just ignore it and let your credit go to shit to send them a message.

 

[hkusp1]

Don't even pay off the balance. Just ignore it and let your credit go to shit to send them a message.

Maybe then I can get some food stamps, welfare, and may even a obama phone.

 

[Southpaw]

Just a heads up, here are the companies that offer financing thru GE:

GE Capital Partners & Contact Numbers | Retail Partners

 

[cbigclarke]

yeah me!! i have no credit cards

 

[beaner]

GE just bought Lufkin as well. Hmmmmm, a green company now making oil equipment?

 

[kusai]

Don't even pay off the balance. Just ignore it and let your credit go to shit to send them a message.

I wonder how many guns and ammo and nfa, $30k can buy. :screwy:

Sent from the black hole

 

[oldguy]

I have avoided GE products for years will continue to do so.

 

[Willy]

I used to work for a company that was bought by GE. I'm glad I left.

 

[JKTex]

GE Capital Cuts Off Lending to Gun Shops - WSJ.com

Well then.. Why don't we start an investment fund, funded by gun owners like us, to make sure these companies can get the money they need to make the weapons we want.

Im kinda joking, but fairly serious. I dont see why this wouldn't be feasible.

Feasibility isn't the issue, it's understanding what they actually did, which is not what you're taking about.

They had a tiny little consumer financing business (high interest for those that can't afford to buy what they're buying and don't have their own credit) that other financial businesses have done away with already. They cut that tiny part of the business, but not the big box stores where the consumer financing is a whole lot of profitable and used for a whole lot more products, and higher ticket items too.

If Mom and Pop shops can't sell guns without having a big name financing companies consumer finance program to offer, they need to rethink their business. It was 75 shops that were effected.

 

[ATX_Shawn]

Feasibility isn't the issue, it's understanding what they actually did, which is not what you're taking about.

They had a tiny little consumer financing business (high interest for those that can't afford to buy what they're buying and don't have their own credit) that other financial businesses have done away with already. They cut that tiny part of the business, but not the big box stores where the consumer financing is a whole lot of profitable and used for a whole lot more products, and higher ticket items too.

If Mom and Pop shops can't sell guns without having a big name financing companies consumer finance program to offer, they need to rethink their business. It was 75 shops that were effected.

Ah.. well you took all the fun out of my thread.. but thanks for getting us some correct info.

 

[Darryle]

Regardless if it was 1 or 75, if the consumer was paying as agreed, they should have left well enough alone. They didn't yank it from a wife's best friends jewelry store, they have the same type of high interest financing provided by GE Capitol. I have been looking at their clients, Belk for one, me and the wife are refusing to do business with these retailers. At some point the line has to be drawn in the sand, we stand together or we sink alone. In the scope of things, I know this is small potatoes, but it is principle.

 

[TheDan]

I noticed the GE financing was gone from Buds in January. Up until now I wasn't sure if that was Bud's decision or GE. I guess I know.

It was GE's decision. I had called and asked them about that awhile ago.