• Report: #397691

Complaint Review: GE Money Bank - Walmart Credit Card

  • Submitted: Thu, December 04, 2008
  • Updated: Thu, December 04, 2008

  • Reported By:naples Florida
GE Money Bank - Walmart Credit Card
PO Box 981064 El Paso, Texas U.S.A.

GE Money Bank - Walmart Credit Card Lowered credit limit for no reason El Paso Texas

*Consumer Comment: Its not a rip off

*Consumer Comment: Its not a rip off

*Consumer Comment: Its not a rip off

*Consumer Comment: THE ECONOMY IS THE REASON - NOT YOU OR YOUR CREDIT RATING

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GE money bank lowered my credit limit twice by $500 dollars for no reason there has not been any change on my credit report and I have never paid late. I called them to find out what happened and they told me that it was due to a periodic review and couold not offer further explanation I talked to the supervisor who could also not offer any further explanation.

I filed a report with the BBB and a month later they again lowered my credit limit. I could understand If I was charging up a storm but I use the card for groceries at there store and have good credit and pay in full every time now every time a get groceries they seem to lower the limit again Im done with them. I highly reccommend every one go to (((competitor's name redacted))) instead!

Lemming
naples, Florida
U.S.A.

Click here to read other Rip Off Reports on GE Capital Credit

CLICK HERE to read about Credit Card Scams... find out how to get your money back. Consumer makes harsh but accurate statements. *Rip-off Report Investigation follow-up provides valuable information.

sorry, allowing you to give a competitors name would instigate others to just file against their competition, to only come back later to suggest their company, ..plus, if you post a competitors name more than likely they will show up on search engines as a Rip-off! - - your comments on this policy are welcome. CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report. In this case we removed an alleged competitor's name

This report was posted on Ripoff Report on 12/04/2008 12:30 AM and is a permanent record located here: http://www.ripoffreport.com/r/GE-Money-Bank-Walmart-Credit-Card/El-Paso-Texas-799981064/GE-Money-Bank-Walmart-Credit-Card-Lowered-credit-limit-for-no-reason-El-Paso-Texas-397691. 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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#1 Consumer Comment

Its not a rip off

AUTHOR: The Consumerist - (U.S.A.)

From ABC NEWS...

American Express, Bank of America, Citibank and Discover are among the major issuers who are lowering credit lines.

"Good Morning America" technology contributor Becky Worley stopped by the show today to explain what this could mean for the consumer.

Who's at Risk

"The first people in the line of fire will be those who have high balances, people who have low credit scores and are not paying off their bills on time," Worley said.

But the pain is spreading to those with average or even good credit scores.

"Even those who are paying off in full, they are in the line of fire as well," she said. "The banks don't just look at the one card that you have, they look at your entire credit history. Having problems elsewhere? They know it. That could hurt you as well."


Full story:
http://abcnews.go.com/GMA/Consumer/story?id=6381658&page=1
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#2 Consumer Comment

Its not a rip off

AUTHOR: The Consumerist - (U.S.A.)

From ABC NEWS...

American Express, Bank of America, Citibank and Discover are among the major issuers who are lowering credit lines.

"Good Morning America" technology contributor Becky Worley stopped by the show today to explain what this could mean for the consumer.

Who's at Risk

"The first people in the line of fire will be those who have high balances, people who have low credit scores and are not paying off their bills on time," Worley said.

But the pain is spreading to those with average or even good credit scores.

"Even those who are paying off in full, they are in the line of fire as well," she said. "The banks don't just look at the one card that you have, they look at your entire credit history. Having problems elsewhere? They know it. That could hurt you as well."


Full story:
http://abcnews.go.com/GMA/Consumer/story?id=6381658&page=1
Respond to this report!
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#3 Consumer Comment

Its not a rip off

AUTHOR: The Consumerist - (U.S.A.)

From ABC NEWS...

American Express, Bank of America, Citibank and Discover are among the major issuers who are lowering credit lines.

"Good Morning America" technology contributor Becky Worley stopped by the show today to explain what this could mean for the consumer.

Who's at Risk

"The first people in the line of fire will be those who have high balances, people who have low credit scores and are not paying off their bills on time," Worley said.

But the pain is spreading to those with average or even good credit scores.

"Even those who are paying off in full, they are in the line of fire as well," she said. "The banks don't just look at the one card that you have, they look at your entire credit history. Having problems elsewhere? They know it. That could hurt you as well."


Full story:
http://abcnews.go.com/GMA/Consumer/story?id=6381658&page=1
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#4 Consumer Comment

THE ECONOMY IS THE REASON - NOT YOU OR YOUR CREDIT RATING

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

GEMB has done this across the board with all its credit cards and ALL CUSTOMERS -just another of many ways GEMB abuses its good customers.

Forget the BBB - GEMB has a A rating with BBB inspite of thousands of complaints and they will not do anything to help you in this situation. They pay BBB dues - and that is more important to the BBB - then making sure customers are treated fairly.

You have to file complaints with the Federal Trade Commission and Office of Thrift Supervision.
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