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Report: #1151181

Complaint Review: GE Retail Capital Bank - Orlando Florida

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  • Reported By: MarkAlan — Eola Illinois
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  • GE Retail Capital Bank PO Box 965052 Orlando, Florida USA

GE Retail Capital Bank Blain's Farm and Fleet GE Retail Capital Bank doesn't deliver on promised interest free installment purchases Orlando Florida

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GE Retail Capital Bank handles credit card operations for many smaller companies, such as Aurora Animal Hospital, Discount Tire and in this case Blain's Farm and Fleet.

When you make large purchases you are told they are interest free as long as you pay the

minimum monthly payment on time and payoff the account before the interest free period

expires.  They are very slow in processing payments and often take 6 to 8 days. 

I had two active accounts with them and mailed the payments within a day of each other

at a major post office.  The one that wasn't due to be paid off that month was processed

in about 6 days.  The one that did need to be paid off somehow the check got lost in the

mail for almost three weeks! How convenient! None of my other payments were ever late.

Later when the Discount Tire final payment was due I sent it Priority Mail so that I'd have a

tracking number to prove not only that I sent it on time but that they received it on time

as well.  That cost me about $5 which I shouldn't have had to do.  I've attempted to explain this to them and they are adamant about not dropping the interest charges which in this case amount to almost  $150 on a $600 purchase over a period of only 6 months.  Even if they were entitled to it, which they're not, that still amounts of approximately 50% annual interest!



 



 

This report was posted on Ripoff Report on 05/31/2014 08:04 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ge-retail-capital-bank/orlando-florida-32896-5052/ge-retail-capital-bank-blains-farm-and-fleet-ge-retail-capital-bank-doesnt-deliver-on-p-1151181. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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