GE Capital Retail Bank
Surprise $540 Interest After Paying Interest-Free Furniture Plan
- 12-16-2012
- 54
I made an interest free agreement with Bel Furniture of San Antonio, Texas who brought me together in about June with their finance company, GE Capital, 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 was $998.95. Today, 12/16 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 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 business. Please help if you can.
Company: GE Capital Retail Bank
Country: USA
State: Florida
City: Orlando
Address: POB 960061
Phone: 8308655004
Site: gecapital.com