we have a loan on a diamond ring, the wedding was cancelled and the jewelry store is out of business, we do not want the ring nor can we afford it:
the GE money bank people are uping the payments monthly,
i cannot talk to anyone speaking english
the interest is ridiculous
they refuse th change the payment date to coincide with my paycheck date
in fact they are rude, ridiculous and do not care
they are a huge rip off company and should be prosecuted
I want to speak to an english speaking adminstrative person

In February of 2008 we accepted an interest free loan for a period of 12 months. We paid
faithfully $400.00 every month so that we knew we would not incur any interest. Our last payment was for $375.oo and they only credited us $75.00. Now they claim that we owe them the incurred interest and I have sent them proof that they deducted $375.00 from my account and now they are harassing me on a daily basis. I have both faxed the necessary proof and sent it to the main office in Texas to no avail. I have not only done this once, but three faxes and 2 certified letters with the proof enclosed. They should be stopped from doing these kind of things. No one should do business with these kind of people.

Below is an email sent to President Obama. My account was closed and I was not notified about it. Now I have a bill for getting my truck fixed and GE Money Bank will not honor the charges. I believe it is called fraud and breach of contract, etc. Funny thing though, I still can log on to my account. It says I have a credit limit of $800.00 and have a credit balance of $300.00 and change. The fraud is that they are keeping it silent in hopes that I will pay off the balance before I found out about my account being closed. I paid this company off a few months ago. What they are doing is not right.

Dear Mr. President Obama, I am permanently disabled. I rely on the grants and loans for college. I will be a missionary when I finish school. I rely on my creditors to help offset expenses. The credit cards are being paid out of my SSI. I cannot afford to have my truck break down because of the cancellation of my credit card. If my truck breaks down, I have no way to College. I attend college at Abilene Christian University and round trip from Stamford is about 100 miles. My truck needs a tune up but now I have no means to afford one. Why is it that low-income families, like mine, should suffer at the hands of greedy corporate CEO’s? I have a budget and it is very tight. Now that my Credit Card from GE Money has been canceled, I have no means to get my truck fixed. I do not want to sound like a whiner so I will end this message. I think, regardless of corporate America, that you are doing a great job. I did vote for you because I think you can make a difference. I am proud of you Mr. President for taking the responsibility of the mess-ups of past presidents. I just do not understand why these things are happening.


Shalom Aleichem

R.T. Taylor

We had a kitchen remodel done with Sears, and was financed through GEMB which was a joke. The salesperson who’s name will be with held (A San Diego Rep) said the loan would be with Sears, yet transferred to GEMB. GEMB had contacted us with a promotion 12 months later in 07/08 to lower our interest rate from 14.99% to 9.9% for a total of 12 months which would be until 07/09.We accepted. So far so good until 03/28/09 when this miniature pamphlet enclosed in our 04/09 statement which was almost to small to read stated that the terms on our account were about to change, and if we were to reject the "new terms" that would have a much higher rate, would have to surrender our credit card they issued that still has $3000.00 available credit on it. That was pretty strange, and even stranger, they said the deadline to reject "only in writing", was April 1, 2009 (Today)! No emails or faxes would be accepted in this process, only snail mail. How can a letter make it to Rapid City, South Dakota in just one day I thought? The rep, whose name was "Pat”, said that they would honor our rejection letter as long as it was postmarked before the deadline of 04/01/09. I'm waiting to see what happens on this one, because it smacks of fraud to me. Also, our balance has dropped from $21, 381.94 to $19, 700.00 and are still being required to pay 2.5% of the highest daily average amount. This is crazy! In a time where we as consumers could use a little relief in our monthly monetary obligations, GEMB continues to sock it to the consumer. Is there any relief out there that anyone has discovered to take some type of control of these sharks? All they ever say to your questions or requests is a big fat...NO! As a Realtor, my family has suffered extreme financial hardships, and will continue to through this crisis. I'm sure I'm not alone. If GEMB fails to cushion the financial blow, this could go to collection, and ruin was little credit I'll ever have to get by on. We took out this loan far before things went bad in this country, and have always made payments on time. This is what we get...right? My concerns is that “Pat” does not have the authority to guarantee anything, and is nothing more than a phone jockey, therefore opening the possibility of having our rejection letter denied, jacking our interest rate to 21.49%, and saying that they never received my letter. I need GEMB to continue to honor my 9.9% they offered me in 07/08 for the duration of my loan. They will still make their money, and to grant a minimum payment of only 1.5% of the current balance would greatly help me in providing food on the table for my family rather than lining the pockets of the greedy corporate sharks! Thank you.

JT / San Clemente, CA / [email protected]

Back in October GE MONEY BANK cut everyone's credit limits down within a few hundred dollars of their current balances - well, they are on round two because I just received another letter from LOWES stating they are cutting it again based on the credit report - the same one that GE MONEY BANK f-ed up last time by cutting my huge and unused credit limit down to be within $200.00 of my balance at that time! Credit scores are based on the available credit to balance ratios, so when they lowered it the first time, they lowered everyone's credit scores - so now they can do this all over again and lower it some more! I am PISSED! I am now thinking about going to all my other GE MONEY BANK stores that still have good balances on them and charging them to the freakin MAX before they cut those credit limits too! I am no longer paying them more than the minimun payments either - I WILL NEVER BUY ANYTHING GE EVER AGAIN! I urge everyone to file complaints with the thrift and loan, and attorney generals office, and even email the white house to insure that they don't get any bailout money! I guarantee you that if they get bailout money, they won't be raising our credit limits back up to what they were, and will most likely all give themselves a nice big fat bonus check too! SCREW THEM! PLEASE FILE COMPLAINTS!!! I'm going shopping before they cut back the other accounts -