RideNow Powersports along with GE Money Bank have ruined my credit. The loan officer took advantage of my son who was just 21, and did not use due care with my credit application. I received a certified letter from a Law Office that represents the legal interests of GE MONEY BANK. At the bottom of the letter it says, THIS IS AN ATTEMPT TO COLLECT A DEBT. With the help of Legal Aid the letter was answered. Then 2 months later the same Law Office informed Legal Aid that, I was NOT a joint holder on the account. Also due to limited resources Legal Aid could NOT assist me any longer. BECAUSE I do not have the money pay a lawyer THE BIG COMPANY GETS AWAY WITH IT AGAIN!

Upon recieving a letter from my issued credit card company, i was irate! I made a payment on 4/16/09 when the bill was due 4/30/09. It says so on my account statement, but they never withdrew the funds from my account. Now they are charging me $29 late fee, $25 non payment, and $25 returned check fee. There was more funds in the account than the payment listed and placed. Horrible HORRIBLE ethical system. But I bet if this were them, "someone better fix this...ASAP". How about that same consideration to someone who has NEVER been late on a payment, and wishes to have their account reopened??

I SEE THAT I AM NOT THE ONLY ONE THAT YOU HAVE DONE DOWN RIGHT DIRTY. I HAD A lOWE'S CREDIT CARD WITHB ONLY $300 CREDIT . I HAVE NEVER BEEN LATE HAVE ALWAYS PAID MORE THAN MY PAYMENT AND YOU CANCELED IT. BECAUSE YOU SCANED MY CREDIT REPORT . THAT ISM NOT RIGHT ! NOT RIGHTN AT ALL !

I WILL PASS THE WORD HOW DIRTY YOU ARE TO PEOPLE .


ANGRY, MS CAREY

I recently received a letter from GE Money Bank saying that they would like to thank me for being a valued Banana Republic visa card customer, but they decided to lower my credit limit to half of the original limit based on their recent review of my credit history. I was totally shocked!! I never had a late payment and always paid on time. And even the GEMB customer services told me that I had a great history with the bank!

I am a young professional (health care industry)making $60, 000 for the last 2 1/2 years. I never had one single bank ever lower my credit limit and the banks would only increase my credit limit every year. To show my credibility, two of my other credit cards have a total of $21, 000 credit limit, not including other cards that I have. What shocked me the most is that I NEVER had one single late payment and this GE bank card has only $2000 limit to begin with. GE Money Bank claimed that they made their decision based on my credit score from Equifax. They can fool other customers but not me! I pay monthly fee to monitor my credits with all three Credit Breaus: TranUnion, Experian, and Equifax to avoid any identity theft. And my credit scores have not changed ever since I got this card. And what proved to me even more that their claim/statement was a lie is that, I recently switched auto insurance and the auto insurance agent told me that I got a discounted rate because I had great credit!! Are they just lower my limit because they are not making enough money out of me because I pay on time and therefore they cannot make interest and late fee out of me? And because I shop so much so GE Bank actually has to give me more reward certificates so they are not making as much money from me?

I called and talked to 3 customer service representatives from GE Bank and trying to find out what the real reason was behind the decision. All 3 of them finally admitted to me that it was a company-wide decision to lower credit on almost all customers and I was not the only one being affected by that.

This is a very disappointing experience to me and in some way it is an insult to me, who is someone who always maintain a good history. GE Money bank, such a big corporation, is very irresponsible in my opinion. Because of the bank that had a loose credit policy giving everyone credit cards trying to rip people off when economy was good, now the bank is being haunted for their poor decision making and having to adjust everyone else's credit line to lower their own risk in this bad economy. As a result, people like me who has a good credit but has no say in this situation only received a letter after fact and my credit score was hurt more or less because of the credit limit got lowered. I was very disappointed with GE Money Bank and wanted to close my Banana Republic account, because I still have many other cards to use anyway. However, credit breau told me that that would actually hurt my credit score. So now I am supposed to keep it open and let GE Money Bank to possibly hurt me even more in the future when they decide in the future to once again lower my limit, and as a result it probably will hurt my credit score once again!

If it wasn't because I love shopping at Banana Republic, I would not have even opened an account with GE Bank. If Banana Republic sees this complaint, please re-evaluate if you would like to continue your partnership relationship with GE Money Bank. One thing I can say is that this definitely affect Banana Republic's imagine and my shopping desire with Banana Republic.

I am frustrated and feel like I am not being treated fairly. But in long run, this is actually a GE's loss. Because of this unpleasant experience, I will never open a GE bank card, or finance anything through GE. Until they fix their corporate policy and know how to treat their customers right, I would never associate with GE bank!

To GE Money Bank, if you sees this, please re-evaluate your corporate operating policy and tighten your credit approval guidelines to avoid bad debts in long run from pepople who shouldn't be entitled to a GE bank card in the first place, instead of coming to the back end to hurt the current customers who have good reputation!

I hope that all of the big American Corporates, not just GE Money Bank, would take this bad economy as a good learning experience and have good internal controls in place from now on and evaluate their operations periodically, and not to wait till financial crisis occur!

Paid account in full and I am still receiving a bill for the full amount plus interest of course. How can they do this? My Visa was charged for the full amount plus $39.00. What a scam. It will never happen again. I will be reporting this to whoever will listen.