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GE Money Bank Complaints - Finance charges before due date

Review all GE Money Bank complaints

GE Money Bank

Posted: 2007-01-22 by Jeff Tandy [send email]
Finance charges before due date
Complaint Rating:  100 % with 12 votes
I also had one payment left on my $3000.00 loan for an elliptical Runner. My promotional period was set to expire on 2/15/07. Today in the mail I received a new bill with the full interest over the life of the loan now due in Full. A full month ahead of the specified period. I just got off the phone having spoken to 3 different outsourced call centers and various levels of "management" who all said that even though I'm trying to pay my Balance (minus the suddenly due interest) that they can't ..and won't waive the charges. I work at a bank and we have the ability to waive ANY fee's we charge as a financial institution. I know GE Money has the same capabilities.
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Comments

666 days ago by Joseph C. Zulty [send email]
Jeff, your plight is mine (see GE Money Bank cheats your average Joe). Currently the State Attorney's Office of Maryland has forwarded my case against GE Money Bank to the Office of Thrift Supervision in New Jersey. I paid off my bill in total within the promotional time period, then caved in and paid over $3,600 in finance charges after 20 or so relentless phone calls to an inhumane and uncaring GEMB Consumer Department. GEMB is a global sublending institution that surreptitiously exploits average hard working people. Somehow their practices need to change. Godspeed.
600 days ago by Cat Morris [send email]
I am thinking of filing suit here in California too, same experiences, being charged the interest prior to the expiration of the promotion then being transferred around Indian call centers with no resolution finally spoke with US representative who was SO rude absolutely awful, she told me that there was no manager no supervisor and no way to reverse the unlawful late and finance charges. I am a new pro photographer in Los Angeles with a $20,000 loan and I am appalled at the service of this American giant GE. The pros at SAMYS have been getting a lot of complaints all the same, lets file a class action suit. Anyone out there a lawyer?
583 days ago by Mike Smith [send email]
Do you have documentation for everything?
440 days ago by Heather Hale [send email]
Please re-enter all complaints against GE Money Bank at http://www.consumeraffairs.com/finance/ge_money_bank.html

They have class action lawyers that review them all.
353 days ago by Jenna Melfi [send email]
I took out a loan with GEMB for my dental work in September 06. I moved to California from Utah, I filed a change of address with them and the post office. For four months I did not receive and bills. after numerous call to GEMB I finally got my bill going to the right place. As I started to receive my bill I noticed that over that last four months I had accrued $500.00 in Finance charges... The story they gave me was I had to pay the minimum balance of $150.00 + 98.00 for the finance charge in order to get myself back up on top of my bill. The problem is that they had already filed with the credit burro. My mother had agreed to co-sign on this with me because I could not do it alone. I finally set up a payment plan with them, It was one payment $150.00 + six payments of like $48.00 just to bring me current so I would not be getting the finance charges. I have received a letter every month saying they were taking the payment out of my account. Not once has the payment been taken out on top of that I now have $1700.00 in just finance charges on top of the $3600.00 I had the loan for. Who ever is with me and wants to take a class action suit. Let me know I have an amazing group of lawyers... Lets do it. NO BULLSHIT!!!
3 days ago by Justin [send email]
I am also a victim of this company. I took out a loan of $600, and 3 years later, having missed exactly ONE payment, still have a balance of $578. They add on late fees & "online/over the phone" fees, as well as hiked my interest to what I believe to be an illegal amount.

I also signed up for their "Account Security" program, which was supposed to cover me in case of loss of wages. After activating my claim with "Account Security, " they refused my claim, and both GE & Account Security give me the run-around, while I'm stuck with my balance, as well as being robbed of the money I have sent them.

I will gladly join the lawsuit. I am now attempting to contact the Thrift Supervision Dept in NJ. I have everything documented, by the way.

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