Complaint Review: GE Money Bank - El Paso Texas
- GE Money Bank www.geonline.com El Paso, Texas U.S.A.
- Phone: 800-292-7508
- Web:
- Category: Credit & Debt Services
GE Money Bank Being Punished for GE Money Problems El Paso Texas
*Consumer Comment: It's not that you're being punished...
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I am disgusted and very sad at the treatment I have received from GE Money. First I will say that honestly I will never shop at any establishment that is connected to them and I wish the public would all boycot any establishment that they control. I filed an earlier complaint last month because all of my credit cards with GE-Dillards, Wal-Mart, Finger Furniture, Linens N Things, Macy's. All of these accounts had the credit limit lowered to almost what the balance was. The one that upset me the most was Dillards. I had been a card holder since 1987 and was given the Elite card. i used their travel agency for many years and spent thousands to them and never had a problem. First they lowered me from $7500 to $2800 and now i get another letter lowering it even more and raising the finance charges to 29%. I have $68 credit now. The card is useless to me. I will pay off the balance as much as I can per month but now even the minimum payment is too much. The latest is my Finger Furniture account-They cancelled my Deferred Interest Period which was two years. Get this (Finger Furniture no longer in business) yet I was going to have it paid off within the next few months. My account has gone from from previous balance of $650.00 to owing them $1949.00. My credit score has dropped from the 700's to the 500s and something needs to be done. I am 62 years old. I have a severe case of spinal stenosis which keeps me in constant pain. I continue to work because I have too but I am always sad and on the edge of crying. I don't know why after all these years I am being trated like this but i can see I am not the only one.
Carol
Houston, Texas
U.S.A.
This report was posted on Ripoff Report on 04/03/2009 03:35 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ge-money-bank/el-paso-texas-73338-1438/ge-money-bank-being-punished-for-ge-money-problems-el-paso-texas-440617. 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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#1 Consumer Comment
It's not that you're being punished...
AUTHOR: Edgeman - (U.S.A.)
SUBMITTED: Friday, April 03, 2009
It's just that this credit crisis has very real consequences for all of us. As noted in another thread, I know somebody who had a card with a $25,000 limit and a rate of Prime + 1.9%. His limit was lowered to $2,500.
Boycotting stores such as Dillad's or Wal*Mart will only hurt the employees of those stores.
If you want to be angry at someone, be angry at our government for the Community Reinvestment Act of 1974, Fannie Mae and Freddie Mac. They are the ones who encouraged giving mortgages to people who couldn't afford them and started this whole crisis.


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