- Report: #958394
Report - Rebuttal - Arbitrate
Complaint Review: JC Penny
JC PennyPO Box 965039 Orlando, Florida United States of America
JC Penny GE Capital Retail Bank Effective 12/02/12, without merit, raised their interest rate for all customers to 26.99% Orlando, Florida
*Consumer Comment: kenny must be the tin man
*Consumer Comment: The only way this would be a "Ripoff" is if they charged this new rate without telling you.
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I handled it by calling 800/543-0800 and advised the company that I didn't care to continue to do business with a company that charges such a high rate of interest. I was told that all their customers would be paying the higher rate if they carried a balance or did not close out their account.
I then closed out my account which I had for well over 20 years. I suggest that other people call the number above to express their opinion of this extremely unwise business decision, as well.
This report was posted on Ripoff Report on 10/22/2012 02:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/JC-Penny/Orlando-Florida-32895-5039/JC-Penny-GE-Capital-Retail-Bank-Effective-120212-without-merit-raised-their-interest-r-958394. 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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