- Report: #794041
Report - Rebuttal - Arbitrate
Complaint Review: Care Credit
Care CreditInternet United States of America
Care Credit GE Money, GE Capital Retail Bank, GECRB 1 week late in payoff charged 42% of ORIGINAL Balance Internet
*UPDATE Employee: From CareCredit/GE Capital and would like to help
*REBUTTAL Owner of company: From CareCredit/GE Capital and would like to help
*Consumer Comment: Where did you get your numbers?
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
2 years ago my mom went in for eye surgery. We thought these guys were great, my mom is on social security, and could not afford to pay all at once - and with their help, she could have her surgery & take 2 years to pay - we borrowed $3300.
We faithfully made payments over the last 2 years, bringing the balance down to $765.
My mom had a bad fall, and we had to move her to a smaller, single story home - we were busily getting her settled, so we just made our regular payment on-line in October, without really looking at the bill.
When I looked at it, I found that the "promotional rate" had expired 5 days previous. They had applied interest charges of $1387.28 --- that is 42% of the ORIGINAL $3300 - basically tripling the total due.
I contacted them, to do a payoff, asking to negotiate this exteme interest charge, I explained the situation, and they were willing to reduce the interest by 1/2, assuming I paid the total the same day - which I did appreciate - but still seems like rape - more than $100 a day in interest !
I know that I am to blame for not looking at the bill earlier, and I fully expected to pay a late charge, or interest on the remaining principal - but REALLY -
I paid it, so as not to incur any more charges for my mom, but after paying it - I am getting angrier and angrier, and losing sleep over it.... You would think there would be some sort of grace period for a payoff.
SERIOUSLY CONSIDER any other options you may have before borrowing from these guys.
This report was posted on Ripoff Report on 10/31/2011 09:08 PM and is a permanent record located here: http://www.ripoffreport.com/r/Care-Credit/internet/Care-Credit-GE-Money-GE-Capital-Retail-Bank-GECRB-1-week-late-in-payoff-charged-42-of-O-794041. 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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.