- Report: #395640
Report - Rebuttal - Arbitrate
Complaint Review: JC Penney And GE Money Bank
JC Penney And GE Money BankPO Box 981131 El Paso, Texas U.S.A.
JC Penney And GE Money Bank closed our "current" credit card w/o notice GE Money and JC Penney El Paso Texas
*Consumer Suggestion: maybe now it is
*Consumer Comment: ITS GE MONEY BANK - NOT JC PENNEY
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We always paid our bill on time and never missed a payment. Just recently without and pre notification JC Penney raised our monthly payments from $68.86 per month, we always paid $75.00.
On October 26, 2008, we received a letter on JC Penney Letterhead, signed by GE Money Bank 800-542-0800. Our balance was $2042.81, the credit limit was $5,250.00.
Out the blue they cancelled my card, and ask that we pay $200.00 per month tand dropped the so called credit limit to $100.00.
It apears that GE Money is running out of money and have dictated to JC Penney to cancel cards without notice.
I am doing everything I can to make complaints directly to GE Money and JC Penney. My credit score is low, however, when I got the card is was over 700. Thru the years my Credit Limit at JC Penney went up from $1,000.00
to $5,250.00, October 10, 2007, just a year ago.
It looks like JCPenny is going under. Hope so.
This report was posted on Ripoff Report on 11/27/2008 10:21 PM and is a permanent record located here: http://www.ripoffreport.com/r/JC-Penney-And-GE-Money-Bank/El-Paso-Texas-799998-1131/JC-Penney-And-GE-Money-Bank-closed-our-current-credit-card-wo-notice-GE-Money-and-JC-Pe-395640. 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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