Destroyed by GE Money Bank

In August 2004, my son Christopher Jr. Filed a chapter 7 for bankrupcy and was discharged soon after. In December I observed that a Bankruptcy appeared on my Equifax Credit Report and filed a report with Equifax and GE Money. Soon after I received a letter from GE stating that the problem was resolved. A year later I received a notice from a credit card company that I had filed for Bankruptcy and my credit limit was decreased. everal more letters from other creditors soon followed. I again filed the paperwork with The 3 credit bureaus all my creditors, and the FTC. Letters appeared again from GE apologizing and that it would be taken care of. As of this week I no longer have any credit, Bank of America, Providian, CapitalOneBank, Etc. I again called GE Money bank (Robert)and was told that they could not find anything on my record and was I sure that I have not filed Bankruptcy. I asked to speak to his supervisor and was denied. I asked whey did I still have Sam's and Walmart Credit Cards with them if I had filed Bankruptcy. He the told me to hold on while he consulted with his Supervisor. After a few minutes he returned asking me the same question about filing Bankruptcy, again I advised him thatI had not. The call went in circles and was not able to get a confirmation numer or last name to prove that I had called. I then called Bank of America who wrote me a letter advising me to cut up my credit cards, but if I had any information that would change the result to call them. Well, the gentleman politely told me that the Credit Bureau makes the last decision. (OK someone is playing God with my life about now) I am sure that even the credit bureau makes mistakes?!? I called the Credit bureau for about the fifth tme on the same problem since 2004 and they took the information and would as usual get back to me in 21 to 30 days. I took me 30 years to get on my feet and it has taken GEMB 3 years to force me into real Bankrupcy, I cannot buy a vehicle, I cannot reant a car or anything that a credit card is required for because the accounts have been closed or frozen for report of a Bankrupcy. I am now a credit risk. It seems it was not serious enough for the FTC, my creditors won't help me. I invite any attorney to contact me to see if litigation would be in order against GEMB and the Credit Bureau for not checking SSN closer.

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My problems with GE Money Bank started when they assumed Dillards Credit Card business. I have been a Dillard's customer for 40 years without problems. As soon as GE Money Bank took over, my credit was reduced from $3000 to $300 and then in 6/09, even though I paid my monthly payment on time and on line, GE chose to post it on a later date so they could charge me $39 late fee on a $297 balance. I disputed the charge and then the next month in July and again in Aug 09, they refused my on line payments. Then I received notification that they closed my account, turned me over to the credit bureau and are now pursuing collections against me. They refuse to discuss the situation or admit their customer abuse tactics and/or fraudulent acts.

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Sounds like a violation of the Fair Credit Reporting Act.

The Federal Trade Commission only compiles complaints for other agencies to deal with. If you want immediate attention you have to file complaints with the Office of Thrift Supervision.

Everyone having these problems with GE Money - needs to file with the Office of Thrift Supervision AND THE FTC

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I just continue to be amazed at how naive we American consumers are, sometimes as in this case to a tragic degree. I am absolutely not saying "dumb"--I am saying naive. Consumers just have no clue that these companies play an incredibly well constructed, well rehearsed and deadly game using our credit reports; one of their tactics is to create bad credit histories based on false information. This tactic causes the consumer to pay credit bureaus (such as Equifax) for repeated credit reports, allows credit bureaus to sell an endless supply of reports of "bad" credit risks to companies such as GE, and allows the purchasing companies to charge high interest rates to people with "bad" credit. The processes are so sneaky and the participants so good at feigning ineptness and creating confusion, that a critic who reveals their actions for what they are is called paranoid--and looks paranoid until the relevant research is done. When the light bulb slowly begins to come on, the people who have been duped are in total shock.