- Report: #391184
Report - Rebuttal - Arbitrate
Complaint Review: GE MONEY BANK
GE MONEY BANK4248 South Reiverboat Road Salt Lake City, Utah U.S.A.
GE MONEY BANK NEWS ARTICLE GE MONEY MISLED CUSTOMERS - GEE WHAT A SURPRISE---NOT Salt Lake City Utah
*Author of original report: ARTICLE IS ABOUT WHAT IS HAPPENING IN NEW ZEALAND
GE Money misled customers
Friday, 14, Nov, 2008 11:42AM
GE Money has admitted misleading 3,660 of its customers, by charging interest during what was supposed to be an interest-free period.
It will now refund them just over $3 million. The customers all bought goods from Noel Leeming and Bond and Bond stores during a Pay Nothing Until July\August promotion last year.
A Commerce Commission investigation found customers who did not pay off the loan by an early exit date were then charged interest from the time of purchase.
GE Money promises to send all impacted customers details of their refund by the middle of December.
This report was posted on Ripoff Report on 11/14/2008 08:56 AM and is a permanent record located here: http://www.ripoffreport.com/r/GE-MONEY-BANK/Salt-Lake-City-Utah-84123/GE-MONEY-BANK-NEWS-ARTICLE-GE-MONEY-MISLED-CUSTOMERS-GEE-WHAT-A-SURPRISE-NOT-Salt-La-391184. 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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