GE Money Bank - AquaVantage
WARNING ripoff fraudulent billing Overcharged Interest applied more than minimum payment

Purchased a new hottub and were financed through AquaVantage (GE Money Bank) as a credit card with a $6000 credit limit, without our knowledge.

Received "Welcome" letter threatening that if we were ever late with a payment the "Introductory Offer" would default to 24.99% interest. We weren't supposed to have an "introductory offer." A month later we received the first bill with a minimum payment due of $121. I paid the bill early with $150. The second bill showed up with the $150 payment credited, $161 interest added and a threat that our account was "over limit" and to pay immediately to avoid penalties.

I immediately called to get an explanation and was told that they "never bill the first month, but charge interest from the date of purchase."

I made other financing arrangements so I requested a payoff amount, only to discover that this purchase was going to cost an extra $200 to remedy. The new balance on the account was $6045. I notified the salesman of the issues and his response was, "we do lots of business with them and never had any problems."

Company: GE Money Bank - AquaVantage
Country: USA
State: Florida
City: Orlando
Address: PO BOX 960061
Phone: 8002505411

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