GE Money warning

[Dakara]

Watching a thing on GE on Fair Go right now.

someone paid off a loan, but GE contacted them 2 years later about $84 owing, which turned into $1,100 due interest and late fees. After admitting they were wrong, GE then tried to repo her stereo... not sure the outcome still watching.

[judecatmad]

There you go Mom - following the Fair Go story just now, why don't you guys take your issue to them? I'm sure they'd be only too happy to do a follow-up story - they love it when they get multiple reports about comapnies crapping on the little guy!

[Ixion]

D'y' know, I am old enough that I can remember when you couldn't borrow money, for anything including houses, without government permission. If you wanted a mortgage you had to get Rob Muldoon's approval first. Y'couldn't buy a new car at ALL unless you had money overseas to pay for it.And if you WERE permitted by the government to have a mortgage, y' had to have a minimum of one third deposit. And the government set interest rates, borrowing and lending.

You folk don't know y'r alive!

[Mom]

Watching a thing on GE on Fair Go right now.

someone paid off a loan, but GE contacted them 2 years later about $84 owing, which turned into $1,100 due interest and late fees. After admitting they were wrong, GE then tried to repo her stereo... not sure the outcome still watching.

At least we know the loan is paid off! This company are rogues! Their policy and procedures are robust in name and flimsy by experience. The interesting comment in that story was when the first call was made by the customer she was blown off by GE with the "we have no record of that call" comment. This is their POLICY! Seems Fair Go got a different story.

There you go Mom - following the Fair Go story just now, why don't you guys take your issue to them? I'm sure they'd be only too happy to do a follow-up story - they love it when they get multiple reports about comapnies crapping on the little guy!

I have re-emailed them (Fair Go) again tonight, as feed back this time, not a complaint, here is hoping.

Mean time a request is in process for all paperwork relating to Mahas loan/s with this company, any paperwork/agreements signed/ loan "LOGS"/phone conversations recorded. Disputes Tribunal is another avenue.

[Mom]

You folk don't know y'r alive!

Tis the price we pay for progress Ixion. Sometimes it is hard to reconcile it (the price) with the reality of the crap that can rain down on us sometimes.

I hear your sentiment, and agree with some of what you are saying, BUT...
Progress is inevitable, not sure I would look good in animal skins, searing meat over on open fire...LOL

A small part of me wants to return to the good old days too! I am vintage enough to have experienced a state advances/family benefit capitisation loan. I was just starting out then and very poor, I appreciated it!

[Motig]

Bugger !, Wish I'd seen that Fair Go program. That is so similar to the problem we had with them. And would you believe at the begining when we asked for the total to pay they gave us 3 prices !!!!

[Mom]

Bugger !, Wish I'd seen that Fair Go program. That is so similar to the problem we had with them. And would you believe at the begining when we asked for the total to pay they gave us 3 prices !!!!

Pm me or better still contact Fair Go

fairgo@tvnz.co.nz

Serilusly this company need some attention!

Apologies for spelling, I dont have specs tonight.

[judecatmad]

D'y' know, I am old enough that I can remember when you couldn't borrow money, for anything including houses, without government permission. If you wanted a mortgage you had to get Rob Muldoon's approval first. Y'couldn't buy a new car at ALL unless you had money overseas to pay for it.And if you WERE permitted by the government to have a mortgage, y' had to have a minimum of one third deposit. And the government set interest rates, borrowing and lending.

You folk don't know y'r alive!

And yeh could go to th' movies for tuppence, buy a pint for a penny and still have change from a shilling for th' bus fare home, eh?

Y'old fart...LOL

[ynot slow]

Saw the part where GE said ignore the repo notices.Scary as I have just got plates for the bike via finance and guess what GE Money,seems they took over Pacific Retail,and best of all I can call their help desk anytime for more money,cool I can get a newer/new bike NOT.But shows how easy you can get the money.

Can remember buying my first car from a dealer,traded the olds Falcon for it,needed 60% deposit those days.$1800 dep for a $3000 car,could be a good way to stop boy racers in turboed screamers,hard to come up with say $8000 for $12500 car.