A local dentist set up 18 months of interest free payments for dental services with GE Credit for over priced dental services not paid by my dental insurance. This was 3 years ago. I made payments on this account and according to GE Credit the 1800 dollars was not paid in the 18 month interest free period and since ( I have been making regular payments) I now owe 2400.00 3 years later. Can you believe this? in 3 years of payments I not only did NONE of my payments reduce the balance during the interest free 18 month period but I incurred late charges and interest charges that now have me owing more than my original bill. The interest rate, of course is 29.99% and they will not reveal the amount of late charges, nor will they provide an audit on the account for the payments made from the time it was opened until now. They also will not close the account and allow me to pay it off without incurring any more interest charges. The did offer a reduced payoff of something like 2000.00 but I refused. I want a lower payoff. I don't think I should accept a payoff of more than what I financed to begin with. Here is the "scam" they pulled. The payment amount they offered was an amount too low to pay off the balance in 18 months. Therefore, when it did not get paid in 18 months I believe an enormous penalty was applied to the account and I've been making payments each month but the late charges and interest are more than the payments - I will never get this paid off in my life time. This is fraud at it's worst. GE Credit Intentionally assigned a lower payment than needed to payoff the interest free loan in order to scam customers into this high interest high late charge loan. The fact that nobody is denied is proof of that and partnering with Dentists is just despicable. The Dentist is probably getting kick backs for their part in this fraud.