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General Credit Corp.
370 Lexington Avenue
Suite 2000
Phone: (212) 697-4441p:212 697-4441 New York, NY  10017  United States Ticker: GNIZQ GNIZQ

This company is no longer actively traded on any major stock exchange.

Business Summary
General Credit Corporation is engaged in providing working capital financing to its customers through the discounted purchase of checks (referred to as check factoring), and through its subsidiary, Rapidpay Corporation, credit card sales slips. The Company provides these services to its customers generally on a non-recourse basis, except to the extent of forged signatures on and stop payments of the purchased checks and credit card sales slips. The Company's customers are typically small and medium-sized independent businesses, most of which are located in the New York City metropolitan area and northern New Jersey area, although some of its credit card sales slip customers are located in Florida and other areas outside of New York City. In July 2002, the Company and its wholly owned subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
9/30/200112/31/2000-YesYes--

Industries
SIC Code Description
7389 Business services, not elsewhere classified

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer IrwinZellermaier 76 7/17/2001 2/1/1995
Director Vincent J.Putignano 55 7/1/1996 7/1/1996
Director Brien G.Reidy 49 7/1/1996 7/1/1996
Director MelvynDobrichovsky 54 11/1/1998 11/1/1998
Director Gregory E.Ronan 52 11/1/1998 11/1/1998

General Information
Number of Employees: 45 (As of 12/31/2000)
Outstanding Shares: 3,257,050 (As of 9/30/2001)
Shareholders: 57
Stock Exchange: OTC
Federal Tax Id: 133895072
Fax Number: (212) 697-1611


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Friday, July 21, 2023