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GE Money Complaints - Overcharged

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GE Money

Posted: 2009-05-03 by   Kevin
Overcharged
Complaint Rating:  0 % with 0 votes
Company information:
GE Money
United States
ge.com

They Closed my account and sent me a letter saying it was due to credit history and/or delinquencies/trades. I have had no delinquencies with this account and my credit history is better now than when I opened the account. I called today to speak to a manager and a CSR rep told me that they closed over 2 million accounts because of the current credit market, but when I insisted on speaking to a manager to ensure that my credit history would not be negatively impacted by false information by this account, he told me to hold, THEN HE HUNG UP ON ME. Shame on GE Money, Care Credit. I will continue to call/write until I have something in writing from them stating that the account was NOT closed because of any fault of my own. I will not allow them to hurt my credit history when I have been an excellent paying customer. I had not used the card for over a year and then 8 weeks ago I had a Medical EMERGENCY and had to charge $1000. I feel this IS THE REASON they closed my account. They don't have the money to pay these charges and so they are making good customers suffer their consequences. I am disgusted with them. I just referred someone to them last week, and I will be letting her know NOT to do business with GE now.
Comments United States Banks
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 80 days ago by   Dissatified Person 0 Votes
The same thing happened to me. I opened an account in Sept 08 and paid off the card by Feb 09. I haven't used the card since. Then around June, I got a letter stating that my account is closed due to my credit history. They state that they run periodic credit checks and I no longer qualify for their credit card. The funny thing is, my credit report and score is better now than when I opened the account. I paid off 4 cards, including their's since I opened their account, but my history was still not good enough. I think it's because I paid off my card before they could charge any interest. Now I have a "closed by creditor" on my report and they will not take it off because, according to them, it is accurate. Their call center is a joke. I could not get to a live person. The automated system told me my account was closed and hung up on me. I complained with Better Business Bureau and have gotten no where.
Company like these are the ones that are killing people's credit scores. If a person's credit history isn't good enough 6 months after they opened the account, why approve credit for them in the first place? A person's credit history doesn't change that much in 6 months.
GE Money's business practice is the worst I have ever encountered. I hope this doesn't happen to anyone else, but sadly I know it will.
Their business practice needs to be investigated.

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