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GE Money

Backed by the world renowned GE Corporation, GE Money provides a range of financial and debt related services to Australians. With an employee strength of 4,600, 3.1 million customers and over $35 Billion in assets, GE Money is one of the leading alternatives to regular banks. Their website is www.gemoney.com.au.

GE Money provides all the services that one would expect to find listed in a regular bank portfolio this includes:

Personal loans
Debt consolidation services
Credit cards
Car loans
Insurance products

GE Money has received a number of accolades for it products and services. Most notably their Cole Group Source MasterCard has won Money magazine's "Best of the Best" award for four years consecutively. Another notable award is their inclusion in the list of 10 BRW most respected companies for 2009. GE Money has also setup partnerships with companies like Suzuki Australia, in which all financing for Suzuki motorbikes sold will be provided by GE Money.

GE Money offers clients the ability to take a personal loan at highly competitive rates starting at 14.29% interest per annum with terms between 2 and 7 years. The minimum amount of the loan is $3,000 and no upper limit is defined. Each loan has a fixed interest rate resulting in a constant monthly payment. Loans have a $250 establishment fees and a $10 per month administrative fee.

For those who want to stop juggling debts GE Money offers a debt consolidation loan, which can be used to pay of multiple credit cards and other types of debt. Debt consolidation loans usually offer lower interest rates saving significant interest payments. The payments can be made as per your convenience either, weekly, fortnightly or monthly. Direct debit can be setup to avoid late payments. Consolidation loans are granted upwards of $3,000 with terms of 2 to 7 years. There is a $250 set-up fee a $10 monthly administrative fee. GE Money are primarily in the business of making money from debt so the emphasis is on proving loans rather than reducing them.

GE Money offers a number of credit cards with:

No annual fees (Clear Advantage MasterCard)
Low interest rates (Low Rate MasterCard)
Discounts on fuel (Coles Group Source MasterCard)
Rewards (Myer Visa Card)

With 10 different credit card options GE can provide the features that you are looking for. Fees, interest rates and other penalties or restrictions vary depending on the type of card.

For customer looking to purchase a new car for personal or business reasons can also be helped by GE Money. They offer a range of fixed interest loans that can be used for buying a car or motorbike.

If you want to make sure you are covered in case of unforeseen events or tragedies, GE Money offers a range of insurance products and services to help you in times of distress. To ensure that your loved ones are taken care of after your passing GE Money's life insurance has various payouts up to $500,000 and also pays in situations of terminal illness. Injury insurance can help you cope with additional expenses while you are injured such as assisted living or medical bills. GE Money also provides auto insurance for your vehicles along with credit card insurance.

An explanation of commonly used insurance terms is provided to help clients become knowledgeable and informed about their situation. The process for submitting claims is also found on the website.

The GE Money website is clearly organized according to its services with each product page offering detailed information regarding the services, processes and benefits. A contact number for the head office along with multiple toll free numbers depending on the service you want to contact are listed. There is also the option of finding the closest physical branch if you require.

Having the financial muscle and experience of GE, GE Money can offer services and products to fit every lifestyle and need. The value of the GE brand name automatically elevates GE Money to a respected level and ensures they are a major player in the market. However when it comes to debt consolidation, there are more suitable companies that specialise it assisting with debt consolidation and which have more resources for the person wishing to reduce their debts rather than increase them.

No decision should be made or services contracted until an evaluation of the company has been personally conducted by the individual. Decisions cannot be based on reviews alone as personal experiences with the company are an important deciding factor.

For more information on Debt Consolidation companys, go to Debt Consolidation.

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