• Report: #525257
Complaint Review:

Care Credit - GE Money Bank

  • Submitted: Wed, November 18, 2009
  • Updated: Wed, November 18, 2009

  • Reported By: Bobbie — Daytona Beach Florida United States of America
Care Credit - GE Money Bank
8930 Stanford Blvd Internet United States of America

Care Credit - GE Money Bank G E Money Bank Doubled Interest Rate, Added Insurance I did not need. Falsely advertised interest rate Internet

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Brochure at providers office state 11.9 % interest.  Actual voucher on back was for 13.9%.  Care Credit stated they had not had 11.9% for 2 years, but provider stated that was the brochure that was sent to them and they had only been in business for 2 years.

After 6 months of automatic debiting from my account with no problems, I receive a letter stating that due to recent credit report, they are raising my interest rate to 29.9%.

When I contacted them about this, i was told the credit bar had been raised and now I was a high risk.

Also, added insurance without my knowledge at nearly $80 per month which I did not need or ask for.   They have promised to refund that to me.  We'll see.

I paid the loan off, but of course, I missed the finance cycle and had to pay an additional $68 in finance charges.

I did so just to be done with them.  I felt so violated.

This report was posted on Ripoff Report on 11/18/2009 08:00 AM and is a permanent record located here: http://www.ripoffreport.com/reports/care-credit-ge-money-bank/internet/care-credit-ge-money-bank-g-e-money-bank-doubled-interest-rate-added-insurance-i-did-no-525257. 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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