They dropped my credit to $100.00 stating it was because they found on an Equifax report. I called them and they said Equifax reported I had something to into collections with in the past 7 YEARS. I told them this was not possible and that they should have sent me a copy of the report. The woman said they didn’t have too. I found my balance was only 43 dollars so while talking to the woman I poped on my banks website and made an electronic payment paying the account off completely and telling them to CLOSE my account.

I’ve always paid them on time, and always at least double the minimum payment. I also obtained my credit report from Equifax and it shows NOTHING in collections or having been in collections, no history of even being late making payments to creditors!

The fun part is I am planning on posting their letter to me stating my credit limit was lowered due to the Equifax report they oddly couldn’t supply me with, and a copy of my pristine credit report from Equifax proving these people are just full of crap.

Just google “GE Money Bank complaints” and you’ll see what a stellar company they really are including the class action suites against them. I will never get a credit card backed by them again and will be sure to tell others considering it and what department store cards are backed by them so they too can avoid them.

An example of what you’ll find if you google around:
http://www.ripoffreport.com/reports/0/445/RipOff0445535.htm