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GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 2:51 pm
by TexDotCom
"This month, Glenn Duncan, owner of Duncan's Outdoor Store in Bay City, Mich., said he received a letter from GE Capital Retail Bank in which the lender said it had made "the difficult decision" to stop providing financing services to his store. Other gun dealers have received similar notices."
Saw this in the little "Market Watch" widget on my USAA main page. Maybe they should step up to fill the void...
http://www.marketwatch.com/story/ge-cap ... 2013-04-24
- Edited to add the link. Sorry 'bout that.
- Edited again to change the link to one that doesn't request a login.
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 2:56 pm
by Redneck_Buddha
Arrrghhh. I'm actually stuck with paying annual long term care premium to these jerks!!
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 3:05 pm
by rotor
Your link requires a password to the WSJ. I hate to see this moral judgement by companies like GE. I wonder if they would loan the Boston bomber money to hire a real defense lawyer? On the other hand, if there is a profit to be made lending money for firearms another company will step in to fill the void. I wonder if the pressure cooker used in Boston bombing was a GE pressure cooker.
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 3:11 pm
by psijac
What's next for the gun community, separate. Water fountains?
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 3:35 pm
by PArrow
Lowe's uses GE Capital for their credit cards and business accounts.
I have already called and canceled my Lowe's Account and told them I could not do business with a company that opposed my Constitutional rights. I'll do the same with any other business I find using GE Capital
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 3:44 pm
by CainA
I think Rooms To Go(the furniture store) uses them too.
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 4:51 pm
by gregthehand
I have on of these accounts that I never really use. Will call and cancel anyhow.
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 5:21 pm
by JALLEN
This will give opportunity to other financiers who will find retailers a good source of lending business.
Unless you need $500 million or something in funding, those outfits are no better, and in many ways worse, than other smaller lenders eager to have the business.
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 5:25 pm
by cheezit
GE " we bring good things to life"
do some reading those people are no more then a bunch of kettles eyeballing all the pots
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 5:26 pm
by Beiruty
Stacy's furniture does you them, I have like $2K for furniture at 0% on their account. Maybe my last one.
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 7:02 pm
by The Annoyed Man
psijac wrote:What's next for the gun community, separate. Water fountains?
I've seen that right here in Texas, in my lifetime. Bathrooms too. Praise God we've moved on, but you can never forget that this kind of evil was right here. "Progressives" (a misnomer if there ever was one) have been very emboldened ever since Obama's first election, and there is a big difference between them and us. We think they are wrong. They think we are
evil. When a groupthink institutionally perceives someone as evil, groupthink gives itself permission to treat that person unconstitutionally. I don't know about separate drinking fountains, but I do know that it isn't that big of a step from A) kicking a middle-school student out of school for wearing an NRA T-shirt, trying to "shame" politicians for obeying their constituencies and failing to acquiesce to your ideology, raiding a home without a warrant because a father took a picture of his son safely handing a legally owned hunting rifle, and denying political asylum to homeschooling parents who will be imprisoned for the "crime" of homeschooling if deported to their country of origin, on the one hand; and B) requiring these same people to wear an identifying patch on their clothing to mark them as one of those evil reactionary booojwah counter-revolutionaries on the other hand.
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 7:40 pm
by FL450
Discount Tire card= GE
Walmart Discover card= GE
Worst customer service ever= GE
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 8:08 pm
by GTRich94
Carters Country uses them too. Although if GE is exiting the gun business, they may not be using them for long.
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Wed Apr 24, 2013 8:52 pm
by John75
Check out their list of partners here:
https://www.gogecapital.com/en/consumer ... nav%3A0005
Be sure to let them know why they're being dropped!
Re: GE Capital Cuts Off Lending to Gun Shops
Posted: Thu Apr 25, 2013 8:14 am
by txglock21
The best thing I ever did was about 5 years ago, paid off ALL my credit cards and cancelled them. Do not have a single credit card. I use my bank debit card which can be used as a credit card if needed, but if the money isn't in my account or I can't pay cash, I don't buy. You wouldn't believe how much money I have saved over the years by doing this on little thing. BTW, half the cards I cancelled were GE Capital backed. They were the worst on all counts.