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GE Money Bank / Honda Complaints - Vehicle Financing

Review all GE Money Bank / Honda complaints

GE Money Bank / Honda

Posted: 2008-02-19 by Julian Feinberg [send email]
Vehicle Financing
Complaint Rating:  0 % with 0 votes
Company information:
GE Money Bank / Honda
PO Box 960061
Orlando, Florida
United States
Phone: 1-877-868-7550
www.geonlineservice.com

I signed a contract with a local dealer here in SF for $39 a month at 8% on a 2007 Honda Ruckus. I have this offer in writing. This is a special that is widely advertised all over the internet. I financed through Money bank for the above amount. I never received one single statement in the mail until about three months after I rode the bike home. Ive been getting bombarded by calls from Honda saying that I owe $59 a month, plus late fees. I often call the dealership and GE Money bank to dispute these differing payment amounts and they ignore me. I explained to GE Money Bank that I have a contract but they will not honor it. I got frustrated and paid them off in full. The next statement came and reflected no change - now the minimum payment is $90, there is an even higher interest rate, and more finance fees. They consistently send me the statement AFTER payments are due, and they don't pick up the phone to take payments.

I either want them to honor the original contract of $39 per month at 8% and re-age my account to day one, or I refund all payments and late fees up until this point so that I can refinance with a legitimate institution.
Comments United States Auto Insurance & Loan
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Comments

202 days ago by Beth [send email]
We had the same problem with the motorcycle we bought for my husband. We did not receive any statements and answered one of the calls from GE. The address was entered wrong and I have no idea where the statements were going. I was able to get them to remove some of the late fees but it was very difficult.
142 days ago by Matthew [send email]
I was scamed by GE money as well I bought a raptor 700 quad the payment s where 130.00 a month I pay my bill online at ther site every month before the due date they jack up my payment s up to 400.00 a month i called they said i was late 5 times which i was not they would not change it im still trying to find a bank to switch my loane to when you call GE money they are rude and dont even try to work with you ther is a new thing if they call you all the time you can sue them now for abuse it, s call sue4abuse .com I hope some day GE money will get them into a big mess and have to pay some money back that they scamed from people
142 days ago by Bajaskier [send email]
a.k.a. GEMB, GE Moneybank, GE Money, CareCredit, Kwik Comfort, JC Penney Credit.

The first thing to do is go to www.complaintsboard.com. Do a search on CareCredit, GEMB of GE Moneybank. You will notice they have a running scam.

1) Their offer is for interest free financing if the balance is paid in full after x-months, usually 18-24.

2) No matter if you mail in your payments, have autopay from your charge card, or direct debit from your bank account, GE will ALWAYS claim they did not receive your payment, or received your payment late. Why? Then they can add late charges! And of course, your last payment is always lost, therefore “you did not pay-off your balance in the predetermined time frame”. Then they try to collect a huge interest payment effective from the inception date.

3) You cannot contact the company via e-mail; they ignore e-mail.

4) You cannot get a response via snail mail; they ignore your letters.

5) If you are willing to sit on hold for 45-60 minutes, and punch in your account number countless times, you may be able to reach a person with a pulse. In most cases, the employee speaks/understands English, but are not overly bright.

6) Said person will claim your payment was not received, or received late.

In my case, I had electronic records of every payment. I also paid extra every month. When asked that I provide the proof, I faxed copies of the electronic transaction records as well as e-mailed same. Of course, they "never received it" despite the fact that I was holding the FAX confirmation in my hand and looking at the e-mail receipt.

Advice:
If you have entered a contract with these scammers, beg, borrow or steal whatever amount of money you owe them. DO NOT PAY INTEREST OR LATE FEES (unless you actually were late). Send a CERTIFIED CHECK, RETURN RECEIPT REQUESTED FOR THE AMOUNT YOU CHARGED less any payments already made.

If you did direct debit or credit card payments, close the bank account or cancel the credit card IMMEDIATELY AFTER the check has cleared or the withdrawal is posted. They tend to post charge card debits almost immediately.

Check for class-action suits in your area; there are many going on nationwide. Save all your evidence if they come after you. However, they won't because they would lose; I am telling you from experience. I threatened them with court and was refunded all interest and late fees.

Best of luck to you!

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