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GE MONEY / credit rating

1 sue@riveracomm.comMilaca MN, United States Review updated:
Contact information:
Phone: 763-856-0199

In February of 2012, Requested to Ashley Furniture to have co-signer name removed from credit card and was given verbal approval as credit history had been established for primary credit card holder. Co-signer received phone call in April of 2012 from GE Money stating primary credit card holder had purchased furniture and requesting approval of purchase from Co-signer. Co-signer denied approval of purchase and again requested to have co-signer removed from credit card and received verbal confirmation that it would be taken care of. Furniture purchase was not denied by Ashley or GE Money and Credit rating for co-signer is now at affected by default on payment for furniture purchase from primary co-signer. Was advised to send letter to Presidential Complaint department stating all the actions and facts. Letter was sent 6 weeks ago and have not heard any acknowledgement or response.

Su
May 12, 2014
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Comments

  • Jl
      12th of May, 2014
    0 Votes

    If you co-sign, you have agreed to pay entire bill. You agreed to make the payments, but then, you didn't make the payments. This is why there are credit scores, to warn other lenders that you don't do what you agree to do. Accounts are marked "Paid as agreed", or "Late 30", or "Late 60", etc., then, eventually, "Default". You and your associate just let it go on and on and made no payments. So, now, who is supposed to pay for that furniture? GE Money and Credit paid for it, but they don't like it. The store just sells furniture, they can't manage your credit for you. Your friend/relative is a deadbeat, buys things they cannot afford, and doesn't care if your credit is wrecked.
    You are now poorer and wiser. Next time you are asked, take the person to a thrift shop and help them pick out some good used stuff.

  • Jl
      12th of May, 2014
    0 Votes

    If you co-sign, you have agreed to pay entire bill. You agreed to make the payments, but then, you didn't make the payments.

  • Su
      13th of Jun, 2014
    0 Votes

    Sir, you do not have your facts correct:


    #1 - we never agreed to increase the credit limit from $1000
    #2 - we never agreed to the purchase of the furniture and actually declined the purchase when called from a GE Capital representative
    #3 - we never agreed to be a co-signer on a GE Capital credit card


    Please stop with the non-professional attitude and provide some solutions. We want to work this out but are at a loss as why we are
    victims to actions that were clearly not followed. I can be reached at 763-856-0199 for further discussions on how to solve this collection issue. If you can show proof to any of the three items listed above - I would be more than happy to work out a payment schedule.

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