Complaint Review: GE Capitol Con CC

I purchased some video equipment from PC Richards. The salesman suggested I open an account as there was deferred payment until Jan 2004. The amount was a whoping $42.39.

I started to receive statements from GE, but the bottom always stated the current due date was 1/07/2004. I assumed the statements were a courtesy. Not until I received a letter from GE telling me that I was defaulting on a payment and was about to go to a colection agency did I understand that a minimum payment of $10.00 had to be paid each month to keep the "DEFERRED PAYMENT PLAN" in place.

I called them and the young "lady" was extremely nasty. They reported this to all three agencies. I paid them a total of $73.90 and closed the account. I will never do business with anyone who utilizes GE as their credit card carrier. BEWARE

Howard
Elizabeth, New Jersey
U.S.A.