Go Flexirent, much easier. We have our laptop on Flexirent.
DH had a GE credit card with them, took 3 months of fighting and threatening legal action before they would close it down.
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05-01-2012 14:59 #11
05-01-2012 15:03 #12Senior Member
- Join Date
- Nov 2011
another stay away from GE get a low rate credit card from Bank West or I think NAB has a deal at them moment
shop where you want and get a better deal even if you have to pay some interest you will still be better off than GE
05-01-2012 15:06 #13
Go flexirent. I got a iMac desktop and I'm paying it off over 2 years already halfway through. Like its $75 a month for me if it breaks or gets stolen it has it's own warranty and insurance by flexirent so things are covered.
My father had a GE card and the interest repayments are very nasty after interest free period, all I remember is him regretting that card. GL
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05-01-2012 15:07 #14Senior Member
- Join Date
- Jan 2009
But with a rent-buy, they build the interest into the price, so if you can pay it off, interest free would be better if the item is a good price otherwise.
05-01-2012 15:10 #15
My laptop & the TV are with flexirent, got them 26th feb 2011 & im about to pay the last repayment.
05-01-2012 15:11 #16
I love my ge card. Always pay it off before the interest kicks in. When you flexi rent does it cost more then the price?
05-01-2012 15:11 #17Senior Member
- Join Date
- Jun 2010
We have paid for alot of our things thru GE and I've found it brilliant! But as others have said, u have to make sure u pay it off before the interest free term.
What I do is work out how much ur spending then divide that by the interest free term (ie, $2000 / 24mths = $83.33 a month), then ask urself if u can afford that. GE will send a statement usually much cheaper than that, like $60 a month. We always pay extra so if I really shld b paying $83.33 (the amount I worked out), then we pay $100. That way u pay it off quicker too
We have paid off;
2 lounge suites
All at different times over the last 6yrs I always make sure that we actually need the item and then wait until the store has a long interest free term
We recently got a GO MasterCard (for some reason GO has a lower min spend on items) from HN for a slr camera and it's on 40mths free term. (this is a luxury item for once lol).
Oh and don't accept their offer of increasing the limit. We have always kept ours quite low.
Hope that helps
Last edited by poppyseed; 05-01-2012 at 15:16.
05-01-2012 15:12 #18
We have had interest free loans from HN in the past for furniture/dishwasher etc and had no issues at all. We only bought what we needed and knew that we would get nothing else until it was all paid off. We calculated our own monthly repayments to make sure that we had it paid off in time.
We were also given a GE card and some really high stupid limit, and just cut the card up and never considered using it.
I think its a great way to go, but people seem to fall into the trap of not repaying enough or treating it more like a line of credit and keep on buying extra things.
05-01-2012 15:38 #19Senior Member
- Join Date
- May 2011
We have used GE to pay for couches and currently paying off our laptop. I think it's great as long as you are easily capable off paying off the total amount within the interest free period. Even if you are 1 day late and only $1 owing, you'll be charged with huge interest rates foe the entire time.
We decline offers to increase of limit, and have vowed to only pay off one item at a time so we don't suddenly have 3 or 4 items being paid off. So once our laptop is paid off, we'll find somewhere who accepts GE interest free for curtains!
05-01-2012 15:40 #20
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