The complaint has been investigated and
resolved to the customer's satisfactionResolved GE Money Bank — lowering credit limits again!
resolved to the customer's satisfaction
Back in october ge money bank cut everyone's credit limits down within a few hundred dollars of their current balances - well, they are on round two because I just received another letter from lowes stating they are cutting it again based on the credit report - the same one that ge money bank f-ed up last time by cutting my huge and unused credit limit down to be within $200.00 of my balance at that time! Credit scores are based on the available credit to balance ratios, so when they lowered it the first time, they lowered everyone's credit scores - so now they can do this all over again and lower it some more! I am pissed! I am now thinking about going to all my other ge money bank stores that still have good balances on them and charging them to the freakin max before they cut those credit limits too! I am no longer paying them more than the minimun payments either - I will never buy anything ge ever again! I urge everyone to file complaints with the thrift and loan, and attorney generals office, and even email the white house to insure that they don't get any bailout money! I guarantee you that if they get bailout money, they won't be raising our credit limits back up to what they were, and will most likely all give themselves a nice big fat bonus check too! Screw them! Please file complaints!!! I'm going shopping before they cut back the other accounts -
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