GE Money and Aerus, a manufacturer of vacuums, air and water filtrations systems, announced a multi-year agreement to provide consumer financing through the Home Design credit program, managed by GE Money’s Sales Finance unit.
The private label financing program provides attractive financing programs and special credit promotions that simplify payment options on initial and on-going purchases at nearly 500 Aerus franchised locations US and Canada. Key benefits of the program include no annual fee, 24-hour online account access, promotional financing and low minimum monthly payments. In addition, the credit card can be used for purchases wherever GE Money’s Home Design program is accepted.
“GE Money has the best consumer-financing program we have ever seen,” said Joe Urso, CEO of Aerus. “It is fair, attractive and sensitive to the needs of dealers, retailers and consumers. We believe it will materially increase the opportunity for our dealers and franchisees to deliver our air filtration, water purification and other healthy home products to families across America.”
According to the Environmental Protection Agency, indoor air pollution is one of the top five highest-ranking environmental health problems – making it more likely to get sick from indoor pollutants than from outdoor toxins. Polluted air can irritate allergies and asthma, as well as increase the occurrence of infectious diseases. Aerus’ vacuum cleaners and air purification products can eliminate the harmful allergy and asthma causing contaminants, leaving homes cleaner and healthier.
“A clean, fresh home brings peace of mind,” said Louis Pagliarini, vice president of sales for GE Money - Sales Finance’s Consumer Electronics division. “We’re pleased to work with Aerus and provide a consumer financing program that lets homeowners breathe easier in their homes, as well as when they’re budgeting for their purchases.”
Aerus, formerly known as Electrolux and manufacturer of Electrolux Vacuums from 1924-2003, has been in business in North America for over 80 years and remains committed to providing affordable products and services that enhance the health, wellness and comfort of its customers and their families. In addition to its legendary Lux floor care line, Aerus offers extraordinary new products to create a healthy home, such as the Guardian Air purification system which is an FDA registered Class II Medical device, a popular new EPA approved solution to eliminate allergens in the home, and our Aquaology and PureLux Reverse Osmosis water purifier.
About GE Money
With more than $200 billion in assets, GE Money, a unit of General Electric Company, (NYSE: GE) is a leading provider of retail banking and credit services to consumers and retailers in more than 50 countries around the world. With more than 130 million global customers, GE Money, based in London, UK, offers a range of financial products, including private label credit cards, personal loans, bank cards, mortgages, debt consolidation and home equity loans and credit insurance. GE Money’s Sales Finance unit, based in Kettering, Ohio, provides private label credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices and service providers in more than 20 industries including: automotive, consumer electronics and appliances, elective health care, floor covering, home design and improvement, home furnishings, jewelry, music, powersports, outdoor power equipment, sporting goods and travel.
GE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. GE is Imagination at Work.