GE Money Bank

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Category: Business & Finances

Contact Information
United States

gemoney.com

GE Money Bank Reviews

August 6, 2008
Scammers
This company is a total scam. They charge outrageous fees. Their annual percentage rate is 86.003% that shows on my account. When I call the 800 number no one can seem to explain how they compute the finance charge. FYI stay away from this company they are bad news.
August 5, 2008
Cannot get help from this horrible company
I am so disgusted with this company I have been trying to resolve this problem and nobody seems to know anything. We have completely paid off our card and this company keeps drafting money out of our acct every month. We have tried and tried to get them to stop and nobody seems to know anything our bank says they cant help and that we need to contact them. This is ridiculous. ROUND AND ROUND AND ROUND!!!
July 24, 2008
10 days to post payment
I sent my payment in by mail four days early with at the same time to Citi cards. They lied and posted it as received on 07 21 08 some ten days to get it by mail when Citi cards got and processed it. They are fraudulently charging late fees. When I called they refused to give me a copy of envelope or canceled money order. Manager kept me on hold.
July 24, 2008
Rip off
I bought a motorcycles through a dealership who financed the bike through GE MONEY BANK after four years I still owed more than half the money of the loan for six years. Due to finacial problems I contacted them about voluntary reposing the bike. They said they did not want to do that! One week or two weeks later. I was at work and a repo service came to my home. I was at work an my teenage daughter was at home. She was very upset and stating that a man was trying to get my motorcycle out of my garage as we spoke. She said she had told him that she was contacting me and that she could not let him in our garage under our home. T he man sat in his vehicle an talked on a cell phone then I called his cell and told him that GE Money had said they did not want to Repo an that was the last I had heard from them. That I was on my way home I drove 35 miles one way to find the repo man gone. I contacted Gemoney the next morning and filed a complaint but nothing was done.

So later that morning the Repo man came back and I surrendered the bike. I called GE Money Bank and they told me fair market value on the bike was 3900.00. The bike would be sold at auction and was was left would be owed by me. What i did not know was that when i signed the contract I was signing a contract to buy the motorcycle on a credit card with a very high interest rate. I was also informed by the repo man that I was the eight person that day that GE Money Bank was reposing. The account balance was 4200.00.

I called GE Money Bank back an talked to a Specialist in the litigation or repo department and asked if I would be notified of the sale and to make arrangement for the rest of the money they did not get from sale. I never received a thing until today. One year later I was served with a summons to appear in court I was being sued for 3, 749. 50 by GE MONEY BANK! They gave the motorcycle away at auction! No where in the contract does it state that I was buying motorcycle on a credit card account!

This people a sneaky an very under handed and like all the other complaint when you go to talk to someone its someone that does not speak english. Also watch they took it upon themselves to take money out of my account without my authorization then took more than two weeks of fighting them to get money back into my account and pay the bounced check fees.!!!
July 23, 2008
COMPANY IN GENERAL
TRUST ME...THE ONLY WAY ANYTHING IS GOING TO BE DONE IS IF SOMEONE STARTS A CLASS ACTION SUIT AGAINST THIS COMPANY! HOW CAN THEY EVEN BE ALLOWED TO DO THIS? GET MAD! DOCUMENT EVERYTHING! GET TOGETHER! AND LET'S GET AN ATTORNEY TO BEGIN A CLASS ACTION SUIT! JUST DO IT!
July 22, 2008
Potential store credit card discrimination
I applied for the amazon.com store credit card on the amazon website. I have a very good credit score of 893. To my greatest surprise, I was declined for the reason: unable to identify identity.
I have been a loyal amazon.com customer for years and never had a problem.
I called several times and offered to provide any information needed.
When I expressed several times to the credit manager that this could be a case of discrimantion, she never refuted, nor stated that GE money bank does not engage in discriminatory lending practices.
What a shame that a company like amazon.com has such a questionnable financial partner!
July 18, 2008
Terrible customer service
Three months ago, we purchased a flat screen TV from PC Richards and arranged for 12 mos. 0% financing with GE Money Bank, and in that short period of time, we can honestly say that we will never EVER do financing with GE Money Bank again. No bills; no credit card; lingering charges which we were ASSURED would be removed from our account; rude customer service personnel who have such a heavy accent it is impossible to understand them; and refusal to allow us to speak to a department manager. Shame on PC Richards for dealing with such a shoddy company. Until they change their financing company, we will not be purchasing anything from PC Richards, whether financed or not.
July 16, 2008
Unfair Alteration of credit Plan
I was offered a 1 year no interest account to purchase an expensive Serger at All Brands. There was no card or opening statement sent. I received the first bill on 7/16/08 and it claimed to be the second billing, but the first I received. I called their office and a gentleman checked his files and agreed to remove the late fee, but says he can do nothing to give me my 1 year no interest loan back. It is now wholly due in September. There is a note saying my payment date has been changed under the notice of the late fee, so I will seek another lender to pay this off with a decent lender who will assure that I get my first bill. Meanwhile, when will somebody clean up these folks! This is the third new account someone in my family opened over the last year where the first statement never came or was claimed paid late (although the other bank says the direct transfer was completed 5 days early). These guys are doing it on purpose to raise interest rates to 22-34%! This needs to be investigated.
July 12, 2008
Won't allow payments thru DMP
I had Lasik surgery in Nov 2006. I got Care Credit Card and financed the procedure. After they posted a few payments late, they sent me a statement saying my interest free period was canceled and all finance charges were now added to balance. I went to a debt management program to pay off my debts. I received a letter back saying that GE Money Bank would not accept any money thru the DMP. They GEMB seent me a letter offering a lower interest rate and lower monthly payment. They forgot to tell me that while in their program, I would not be receiving any statements and my online account was suspended. I mailed in my payments and of course the snail mail was received late. The only other option was to pay by phone which I refused when GEMB said the fee was 10.00.

Needless to say, they turned me over to a 3rd party collection agency. I have no idea how to pay this debt now at all.

Please don't apply for any GE Money Bank credit products, you will be in misery for all your life if you do.
July 7, 2008
Overcharging
My loan payment date is the 30th of the month.But the bill is the 25th of the which I m being charged a later fee. I have only paid one true payment for the loan amount. I complained, asked question and tried to be patient. This is a joke . Nobody cares or respects the customer. I m looking to refinance the loan asap.

Thanks GE Money Bank great customer services.

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