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GE Money Bank Complaints - GE Money being sued

Review all GE Money Bank complaints

GE Money Bank

Posted: 2007-05-30 by Bertnell Nicholas [send email]
GE Money being sued
Complaint Rating:  93 % with 14 votes
I'd really like to know who is suing GE Money bank and if this is a class action. My niece is bombarded with over 20 calls a day beginning from 8:00 a.m to 9:00 p.m. 7 days a week even though they are taking payments from her checking account every month. (I took a loan out for my niece). She had to unplug the phone. The money being taken out of the account every month is not being applied to the loan and the loan is almost twice the amount borrowed. The interest is 25%. It was 8% on the initial loan from Apple (recommended by Keyspan for a new boiler). Calls to the house are being made from countries where English is not the first language and they are not professional to know they are talking to a recording???

Only two statements were received from the money being taken out every month and late fees are still being applied. Customer service is very unprofessional and rude.

What can I and everyone who has had a complaint about this company do?
Comments United States Business & Finances
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Comments

427 days ago by Lois Ward [send email]
How do we start a class suit? Sign me up.

Lois
411 days ago by Melissa Wright [send email]
I filed with the FTC and 4 other agencies, I feel your pain and can not stand this company. Yes, I hate dealing with people on the phone who you can't understand half the time....
326 days ago by Dave Staggs [send email]
I just paid off my atv with GE. I was told i would recieve the title in about 10 days. It has been almost a month and all i got was some piece of paper that the dmv wont take. After spending 4 days calling both GE and the dealer John Burr, I have gotten nowhere. Anyone know a good lawyer for something like this? My reccommendation would be DO NOT finance anything through GE money bank. Very unhelpful, very unfriendly, very un-cooperative.
326 days ago by Michael J. Phillips [send email]
What you can do about GE Money

I am a victim of GE Money Bank and I know that this company is a criminal operation. In my case GE had the supreme chutzpah to deny receiving a credit card payment that was sent direct deposit by a reputable electronic bank. (They immediately charged late fees and hiked my interest.) When this company does that to you and runs you in circles with a letter chase, you are being scammed.

I have these suggestions. First, if GE cashed your check or withdrew money from your bank account and then in any way denied receiving it, you have a right to report this to the police as a criminal "theft". (First prosecute this case as a crime. Then sue GE in a civil court.) Try to file a criminal (not civil) complaint against GE with the local police, FBI, Secret Service or whoever deals with this type of criminal bank. (At this point in my war, I don't know what kind of police to call yet.) Even if GE's denial of your payment is a real "billing error" (it is not: I happen to know that GE's computers are programmed to issue these fake billing statements on purpose) GE becomes formally guilty of possessing "stolen property" when they cash your check and then deny pocketing the money. That is an important point in criminal law. (It means that GE has to prove to a jury that the false billing statement was an honest "error" not a deliberate lie.) Therefore try to report this as a theft to police who can take a formal criminal complaint and then pass it on to a public prosecutor. That will not be easy and the police may not cooperate with you because they don't know what to do about banks who rob their customers. (They imagine this kind of crime to be "civil", not criminal.) Try going to a local district attorney's office for advice. When enough GE victims report this criminal activity to the right authorities, and they begin to listen, we can launch war on this evil company.

One agency that will listen to you is the Office of Thrift Supervision, a division of the U.S. Department of the Treasury. GE Money Bank is under their jurisdiction. Send them a written report. This agency will not run your letters in circles: You can call them right away and send them a Fax that will be answered quickly. Write your report carefully, stating the facts carefully and briefly as you would when reporting a crime to the police. Be absolutely sure to sign it and date it. If you fax it, you can send them copies of crucial documents.

Send it to: Thrift Supervision, Harbor Side Financial Center, Plaza 5, Suite 1600, Jersey City, NJ 07311
Phone: 1-800-253-2181 Fax: 201-413-7541
326 days ago by Michael J. Phillips [send email]
What you can do about GE Money

I am a victim of GE Money Bank and I know that this company is a criminal operation. In my case GE had the supreme chutzpah to deny receiving a credit card payment that was sent direct deposit by a reputable electronic bank. (They immediately charged late fees and hiked my interest.) When this company does that to you and runs you in circles with a letter chase, you are being scammed.

I have these suggestions. First, if GE cashed your check or withdrew money from your bank account and then in any way denied receiving it, you have a right to report this to the police as a criminal "theft". (First prosecute this case as a crime. Then sue GE in a civil court.) Try to file a criminal (not civil) complaint against GE with the local police, FBI, Secret Service or whoever deals with this type of criminal bank. (At this point in my war, I don't know what kind of police to call yet.) Even if GE's denial of your payment is a real "billing error" (it is not: I happen to know that GE's computers are programmed to issue these fake billing statements on purpose) GE becomes formally guilty of possessing "stolen property" when they cash your check and then deny pocketing the money. That is an important point in criminal law. (It means that GE has to prove to a jury that the false billing statement was an honest "error" not a deliberate lie.) Therefore try to report this as a theft to police who can take a formal criminal complaint and then pass it on to a public prosecutor. That will not be easy and the police may not cooperate with you because they don't know what to do about banks who rob their customers. (They imagine this kind of crime to be "civil", not criminal.) Try going to a local district attorney's office for advice. When enough GE victims report this criminal activity to the right authorities, and they begin to listen, we can launch war on this evil company.

One agency that will listen to you is the Office of Thrift Supervision, a division of the U.S. Department of the Treasury. GE Money Bank is under their jurisdiction. Send them a written report. This agency will not run your letters in circles: You can call them right away and send them a Fax that will be answered quickly. Write your report carefully, stating the facts carefully and briefly as you would when reporting a crime to the police. Be absolutely sure to sign it and date it. If you fax it, you can send copies of important documents.

Send it to: Thrift Supervision, Harbor Side Financial Center, Plaza 5, Suite 1600, Jersey City, NJ 07311
Phone: 1-800-253-2181 Fax: 201-413-7541
321 days ago by Quityerbitchen [send email]
Stupid Choice 1. Taking out a loan for your Neice who obviously doesn't pay her bill on time.
Secondly... they call several times a day because you OWE THEM MONEY! they're going to call as long as you have their money and if the money coming out of her checking is not enough for the minimum payment, of course you're going to collect fees. You have to make the minimum payment. have her bank send the correct amount instead of less than the minimum. Why would you sign up for a loan with an interest rate that high anyway. Dummy.
314 days ago by Shane O'brien [send email]
Well I don't actually owe them any money and they call me everyday. Of course if they were an honest company you could get a hold of someone that spoke english clear enough to work through the problems or at least talk to a supervisor or get an address in which you could send a letter to. Four letters now to the one listed on the contract and no response. I guess Quiterbitchen obviously either works for them or is the one person that has had a good experience with their services.
299 days ago by Stephanie [send email]
There is alway's, alway's two sides of the story. I can understand the defensive side with money being unlawfully pocketed, and I can understand actually being truthful and oweing the company money and just not paying the minimum, and in turn acrue late fees. However, I would not put it past GE Money/ MBA and many others who's high interest rates are out of the roof. My advice, stay away from credit cards period, they are mere evil and try to get out of debt. We tie our own hands when we get ourselves into debt and we become slaves to the creditor. We are at their mercy for lack of better words. Alway's look to the word of God and take heed to the book of Proverbs, you will be surprised what you will find in the word and how it totally pertains to our everyday life. Take care and God Bless you all.
213 days ago by Suzi [send email]
On the titling issue from Mr. Staggs, actually they usually advise documents can be released after 10 business days. If you received a lien satisfaction letter and the DMV will not take it then either the DMV or you should fax the letter you did receive with the information the DMV needs to GEMB Document Release. There are times that the regular title may not be available to send out to you and if you fax them a copy of what letter you received and VIN, etc. information they can get you what you need for your state and situation. If you are a decent human being with customer service they will give you the fax number and address to correct the situation.
57 days ago by Shawneen Harris [send email]
Amen, Stephanie, But there are times, such as when my dog was attacked by another and I had no other way to pay for his veterinary care, that I got suckered in by GE. Yes, there are two sides to every story. I got behind on my account and that was my own fault. When I received a call from an associate at GE to set up payment arrangements on the 15th of the month, I was told I would not have to pay late fees or overlimit fees. Well, I was!!! I have tried to work with their customer service and collections departments to no avail. I would love nothing more than to be involved in a class action suit against them. I did contact the Better Business Bureau in the last few days and we will see what happens in their investigation

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