I was on a higher rate than normal.
NEDWN VIII
I was on a higher rate than normal.
Whip it, whip it good!
I love the wording of the letter tha came with the cheque.
"We are pleased to enclose a refund cheque of $7000.00 for reimbursement of the credit balance made on your loan account" It goes on to thank mark for his custom and emplor him to borrow more money.
What actually fires me up is the fact that effectively Mark was made to borrow his own money at 28.75%! Now I need to sit and do some maths here but, the next loan he had with them was two years in duration, so $7000 x 28.75% x 2years = ??????? OH, and of course had Mark actually invested that money with GE he would be entitled to whatever the going rate of interest was on an investment with them. Lets see $7000 x 7% x 4 years = ????????
Pay they will
Originally Posted by Gubb
could catch a monkey
Pro tip; Compound the interest daily when you're calculating the amount.
Oh, and gizza loan, Annie.....
BMW Motorrad
If skidmark hears about this he'll shit brix
If you can make it on Kiwibiker you can make it anywhere.
Bevelhead Dinosaur
Holding my breath I'm notPay they will
Good luck with stage II of the recovery
=mjc=
.
NEDWN VIII
He has millions though dont he?
Whip it, whip it good!
Oh for sure, for sure Mully, infact every dirty trick they played on Maha will have to be factored in, compilsory loan protection insurance premiums, life insurance premiums etc, etc, he did not actually have to borrow any money when he sold the Yammy - utter wankers.
Thanks, and no breath holding required. I have a sneaky suspicion that they will listen to a reasonable request for compensation from Maha given the back ground that I suspect warrented the audit that picked this up. Lets just say I have a very suspicious mind and the woman from GE I spoke to about my suspicions told me to hold off going further with my concerns until this issue was resolved.
That plus the fact that FairGo were in the loop when Maha originally had issues with GE 2 years ago, they will be very interested in the fact that after demanding MORE money in settlement of his loan than the figure they had quoted and he had paid, they actually had $7K of his money for 4 years interest free while charging him more than market rate to borrow his own money.
What is it about revenge - best served cold
Forum whore
Remind me to stay on Mom's good side...Oh for sure, for sure Mully, infact every dirty trick they played on Maha will have to be factored in, compilsory loan protection insurance premiums, life insurance premiums etc, etc, he did not actually have to borrow any money when he sold the Yammy - utter wankers.
Thanks, and no breath holding required. I have a sneaky suspicion that they will listen to a reasonable request for compensation from Maha given the back ground that I suspect warrented the audit that picked this up. Lets just say I have a very suspicious mind and the woman from GE I spoke to about my suspicions told me to hold off going further with my concerns until this issue was resolved.
That plus the fact that FairGo were in the loop when Maha originally had issues with GE 2 years ago, they will be very interested in the fact that after demanding MORE money in settlement of his loan than the figure they had quoted and he had paid, they actually had $7K of his money for 4 years interest free while charging him more than market rate to borrow his own money.
What is it about revenge - best served cold
You don't get to be an old dog without learning a few tricks.
Shorai Powersports batteries are very trick!
Recovered workaholic.
I can't believe you paid the second time!The Money turned up today, a big fat $7,000 cheque will be banked this very afternoon.....
They demanded the amount I got for my Yamaha when I sold it, and I paid them $7,000 in May of 2006. That money was never credited against my borrowings.
It is now termed as an Over Payment.
Want to borrow some money from me?
If it wasn't for a concise set of rules, we might have to resort to common sense!
NEDWN VIII
The initial loan was taken out in 04'...I kept wanting to upgrade my bikes and they wanted the money from each sale to go onto my loan, three bikes later and a settelment figure was metioned, I paid that...it gets complicated from here on suffice to say, im pretty happy with the outcome so far. And no, I need not borrow money any more from anyone.I can't believe you paid the second time!
Want to borrow some money from me?
The instructions are simple...
Go on...where's your sense of adventure?
Do you realise how many holes there could be if people would just take the time to take the dirt out of them?
Missing my buddy Morepower
All the best for the resultSome of you may remember the crap handed out to me by a Finance Company I was financing a couple of years ago? Had to do with a final settlement payment I asked for and got, I payed it and then they want a $3.5+ more about a month later?
Well they contacted me yesterday (and the day day before but I ignored them) so I rang then back.
It has something to do with my account (which no longer exsists) so off I went and started my whole story all over again with someone who knew nothing of it. I thought, fuck here we go again!
But no, seems I have overpaid them by a large sum of money and they want to pay it back!!!!
I just need proof of payment by way my bank statements of a few months in 08'.
They now have those statements.....
Shall wait and see.....
"channellling the Pleideans"
This is GE Finance, correct?
Never EVER ring them. EMAIL or write them a proper letter. I get responses because I use my work letterhead and am writing about client matters. I am well past using a finance company for anything.
I thought elections were decided by angry posts on social media. - F5 Dave
"channellling the Pleideans"
Thats the spirit. Plus you are within the expanded disputes tribunal limits. So if they dont, trot off to the DT, get an order, when they dont comply, then you can conceivably wind up GE Finance. And not giving him interest on HIS money while they had it is appalling. Even the Judicature Act rate (from memory 9% currently: anyone know?) would be better than nothing.I love the wording of the letter tha came with the cheque.
"We are pleased to enclose a refund cheque of $7000.00 for reimbursement of the credit balance made on your loan account" It goes on to thank mark for his custom and emplor him to borrow more money.
What actually fires me up is the fact that effectively Mark was made to borrow his own money at 28.75%! Now I need to sit and do some maths here but, the next loan he had with them was two years in duration, so $7000 x 28.75% x 2years = ??????? OH, and of course had Mark actually invested that money with GE he would be entitled to whatever the going rate of interest was on an investment with them. Lets see $7000 x 7% x 4 years = ????????
Pay they will
I thought elections were decided by angry posts on social media. - F5 Dave
NEDWN VIII
Result is in! (the bank that is)All the best for the result
Yes GE.
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