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Anyone had dealings with GE Money & Buyers Edge?

GE were 'kind' enough to accept me - I had pleaded bankruptcy many years ago. They're an American company. The interest is killing me. I bought a washing machine through Buyers Edge & I can't keep up with both. I don't work at the moment. I'd like to change to an Australian company, but don't know where to start.

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Permalink Reply by nikki on December 31, 2008 at 9:02am

Sorry Marie but as you are not working and ex bankrupt there is not alot you can do. We were in the same boat a few years ago. Bankruptcy stays on your credit history for years and years. Finance companies won't look at you due to that alone. Unsecured credit is impossible to get. Any credit applications you do show on your credit file whether or not you take up the loan. This looks bad on your file. You could try a credit union. Open an account and save some money every week to show you have spare income and then put in a personal loan application to consolidate you debts.
My best advice is to pay off your debt as fast as possible. Make it a priority. Pay weekly and double up on the amount you pay. It will be paid off in no time.
We both work now and own property and the financial mistakes we made have taught us alot.
Pay off the debt cut up the card and start again.
Good luck, there is light at the end of the tunnel. hang in there :)

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Permalink Reply by Marie on December 31, 2008 at 1:57pm

Thanks very much for your reply Nikki! My friend was going to plead bankruptcy - her parents told her she should. I told her not to. I think she took my advice.
They say bankruptcy is cleared in 7 years - what a load of bull!
Have a great new year Nikki! I'll keep in contact with you to let you know how I'm going. If I can help you in any way please let me know. Thank you again.

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Permalink Reply by Kbot on January 9, 2009 at 10:12am

Nikki's advice is sound, although I'm not sure how you're managing to pay off the debt if you don't have a job...if you could get just a few more dollars coming in each week this would make a huge difference. Are you looking for work, full-time Mum, something else?