- Report: #982917
Complaint Review: GE CAPITAL RETAIL BANK - Orlando Florida
Reported By:
David J. Baker -
Floresville, Texas, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
GE CAPITAL RETAIL BANK
POB 960061 Orlando, 32896-0061 Florida, United States of America
Phone:
830-865-5004
Web:
gecapital.com
Categories:
Business Rating:
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GE CAPITAL RETAIL BANK I have an interest free agreement with GE Capital to pay off $2,100 in furniture purchased from Bel Furniture in San Antonio, Texas in 2010. Made all monthly payment to $998.90 as of 10/12. I now rec Orlando, Florida
I made an intereest free agreement with Bel Furniture of San Antonio, Texas who brought me together in about June 2010 with their finance compnay, GE Captital, to finance $2,100 worth of furniture. I paid the note monthly, usually 1-1/2 to twice what was owed, over the past 18 months. The amount due 10/31/12 was $998.95. Today, 12/16/12 I received a 11/3/012 bill from GE Capital in the amount of $1,44070 which included "total interest due in 2012" of $540.70. This appears to be a scam. I was never alerted to the eventuality of this this happening, that is unless the entire $2,100 was paid off by 11/30//12, a huge interest charge of nearly $550.00 would be levied, as it has. The APR has increased to 29.99%. This is very dirty buisiness. Please help if you can.
1 Updates & Rebuttals
Ken
Colorado,USA
What does your WRITTEN "interest free agreement" say?
#2Consumer Comment
Mon, December 17, 2012
Most of these interest free offers have a payoff date that if exceeded by even one day, ALL accrued interest is charged...from day one.
I can hazard a guess as to whether you read the agreement...you didn't.
I very much doubt that it's a scam or dirty business. Usually the information on the interest free payoff date is highlighted on the agreement.
