• Report: #454805

Complaint Review: GE Money Bank / Walmart Credit

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  • Submitted: Sat, May 23, 2009
  • Updated: Sun, May 24, 2009

  • Reported By:Waldorf Maryland
GE Money Bank / Walmart Credit
PO Box 981400 El Paso, Texas U.S.A.

GE Money Bank/Walmart Credit lowered my credit and would not give me a reason even thought there was no change in credit report El Paso Texas

*Consumer Comment: Blame the economy...

*Consumer Comment: Blame the economy...

*Consumer Comment: Blame the economy...

*Consumer Comment: Blame the economy...

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They lowered my credit and would not give me a reason. The only thing they would say is that they are doing it to all of there customers. There should be laws against this to protect the consumers. I always made more than my payment and even paid it off several times. Is this the treatment we get for paying are bills on time. I paid off the balance and closed my account. I want to file a class action law suit against this company and walmart.

Donna
Waldorf, Maryland
U.S.A.

This report was posted on Ripoff Report on 05/23/2009 07:33 PM and is a permanent record located here: http://www.ripoffreport.com/r/GE-Money-Bank-Walmart-Credit/El-Paso-Texas-79998/GE-Money-BankWalmart-Credit-lowered-my-credit-and-would-not-give-me-a-reason-even-thought-454805. 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 4Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Blame the economy...

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

Donna,

Do you remember late last year when the economy plunged severely? Do you remember the credit crisis that occurred because the government was guaranteeing mortgages to people who couldn't afford to pay them back? We are still dealing with the effects of this and GE Money Bank was right about one thing - it's not just you. I have a friend who had a card with a limit of $25,000 and a rate of Prime + 1.9% and his limit was lowered to $2,500 and his rate was hiked up as well.

Start a class action suit if you must but I doubt that you'll get very far. The bank does have the right to do this.

And why do you want to sue Wal-Mart? What did they do to you?
Respond to this report!
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#2 Consumer Comment

Blame the economy...

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

Donna,

Do you remember late last year when the economy plunged severely? Do you remember the credit crisis that occurred because the government was guaranteeing mortgages to people who couldn't afford to pay them back? We are still dealing with the effects of this and GE Money Bank was right about one thing - it's not just you. I have a friend who had a card with a limit of $25,000 and a rate of Prime + 1.9% and his limit was lowered to $2,500 and his rate was hiked up as well.

Start a class action suit if you must but I doubt that you'll get very far. The bank does have the right to do this.

And why do you want to sue Wal-Mart? What did they do to you?
Respond to this report!
What's this?

#3 Consumer Comment

Blame the economy...

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

Donna,

Do you remember late last year when the economy plunged severely? Do you remember the credit crisis that occurred because the government was guaranteeing mortgages to people who couldn't afford to pay them back? We are still dealing with the effects of this and GE Money Bank was right about one thing - it's not just you. I have a friend who had a card with a limit of $25,000 and a rate of Prime + 1.9% and his limit was lowered to $2,500 and his rate was hiked up as well.

Start a class action suit if you must but I doubt that you'll get very far. The bank does have the right to do this.

And why do you want to sue Wal-Mart? What did they do to you?
Respond to this report!
What's this?

#4 Consumer Comment

Blame the economy...

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

Donna,

Do you remember late last year when the economy plunged severely? Do you remember the credit crisis that occurred because the government was guaranteeing mortgages to people who couldn't afford to pay them back? We are still dealing with the effects of this and GE Money Bank was right about one thing - it's not just you. I have a friend who had a card with a limit of $25,000 and a rate of Prime + 1.9% and his limit was lowered to $2,500 and his rate was hiked up as well.

Start a class action suit if you must but I doubt that you'll get very far. The bank does have the right to do this.

And why do you want to sue Wal-Mart? What did they do to you?
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
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Repair Your Reputation!
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