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GE Money Bank Complaints - HIGH INTREST RATE

Review all GE Money Bank complaints

GE Money Bank

Posted: 2009-05-06 by   KIM SAJEWSKI
HIGH INTREST RATE
Complaint Rating:  100 % with 2 votes
Company information:
BRIGHT POWER SPORTS
Lincoln Park, Michigan
United States
Phone: 1-866-265-1844
brightpowersports.com

My husband bought a bike from them but his credit wasent good enough so my sister co-sigh for him well the guy behind the desk all he was doing was giving us lies and bullshit to get then to buy the bike turns out it a credit card. we dident no that at the time but when my husband got layed off work and missed 2 payments well then GE money bank raised the intrest rate p to 29% and i tryed to call them and work with then on a payment plan and now she said we owe 2., 000 and only then we can make a payment plan. i have read alot of storys on here and i think that there must be somthing the we can do to this company if everybody go together maybe somthing can be done about it. we can call the news or something because they are just ropping people blind!!! SOMEONE PLEASE HELP
Comments United States Credit Cards
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 80 days ago by   Sam B. +1 Votes
I was out of town and was 2 days late on monthly payment on GE Money account for the first time on an account open for 3 plus years that the credit limit keeps going down with the balance. Our interest rate went from 9.99% to 27.24% plus a $39.00 late fee.
I called and tried to get an option to either cancel the card and pay off the balance at the original 9.99% but they would have nothing to do with it.
No mercy at all. I spoke to 2 different reps and got two different responses. None of which were any help to me.
Who does this?
Is this even legal?
 80 days ago by   Sam B. 0 Votes
Is there any protection for consumers at all?

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