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  • Report: #535269

Complaint Review: Care Credit GE Money Bank

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  • Submitted: Mon, December 07, 2009
  • Updated: Mon, December 07, 2009

  • Reported By: Sherie — Lewisville Texas United States of America
Care Credit GE Money Bank
Roswell, Georgia United States of America

Care Credit GE Money Bank SCAM $5000, 2 yr's later still owe $3600, Promotion ended. ALL deferred interest added back on acc't Roswell, Georgia

*Consumer Comment: So..

*Consumer Comment: No Scam, Didn't Follow The Terms

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Innicial up front payment of $200 to defer interest for 2 yr's.       When balance could not be pd. off in 2 yr's, all deferred interest added back on acc't bringing a balance of 2,000 back to $3600. With current Interest accruing daily, acc't will never get paid off, even though the required Monthly payments have always been met on time..                              

This report was posted on Ripoff Report on 12/07/2009 01:27 PM and is a permanent record located here: http://www.ripoffreport.com/r/Care-Credit-GE-Money-Bank/Roswell-Georgia-30077-0039/Care-Credit-GE-Money-Bank-SCAM-5000-2-yrs-later-still-owe-3600-Promotion-ended-AL-535269. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
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#1 Consumer Comment

So..

AUTHOR: Susan - (USA)

So you didn't understand no interest for two years and now think this is someone elses fault?

What you should have done from the start is take your balance, divide it by 24 months, then pay that per month plus $5 or $10

IF you had paid $208.34 a month for the 2 intrest free years, the $5000 loan would be paid off. 

 

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#2 Consumer Comment

No Scam, Didn't Follow The Terms

AUTHOR: Cory - (U.S.A.)

You paid them $200 upfront, for them to give you a $5000 "loan" interest free for 2 years. ALL YOU had to do was pay them appox $209 per month, for 24 months and you would have been done with it. Instead, you paid them a total of $3000 or $125 per month. Since you didn't pay the total OFF, they stuck you with all the accured interested ON THE WHOLE loan. You knew it upfront, that's what the $200 was for. Sad part is, probably 70% of those loans DON'T get paid off.
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