ED Magedson – Founder
G.E. MONEY BANKPO BOX 960061 ORLANDO, Florida United States of America
In June 2009, I purchased Jewelry at Finks Jewelers, Roanoke, Virginia via Promotional Credit Card GE Money Bank.
My payment is paid on time using Bill Pay and allowing over 10+ business days; however, GE Money Bank is intentionally posting payments late and charging a $39.99 late fee.
All payments (3) have been made on time. The first payment GE posted to account in reasonable time, but the second two payments have posted late with late fees.
My Credit Union (Freedom First Credit Union) charges my account the date I specify and submits bill electronically to be paid within 3 business days, but GE Credit is claiming they received it late. Last payment was due on Sept 14, 09.
My Credit Union paid the bill on Sept 5, 2009, but GE posted it "paid" late on Sept 14 and charged another $39.99 late fee. Please help put a stop to this Fraud.
I purchased the Jewelry based on being able to pay off the balance in 12 months. This is intentionally being done to charge customers absorbant late fees. This is Fraud at its worst.
I have faithfully tried to get this resolved.
This report was posted on Ripoff Report on 09/28/2009 08:36 PM and is a permanent record located here: http://www.ripoffreport.com/r/GE-MONEY-BANK/ORLANDO-Florida-32896-0061/GE-MONEY-BANK-Fraudulent-Accounting-Practices-Consumer-Rip-Off-ORLANDO-Florida-501481. 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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