I sent in two months of payments to GE Money Bank. My mistake was forgetting to place the account number on the checks. I received a call saying I was two months overdue. I quickly discovered what had happened and sent in a large payment to cover the two months. The person calling (from India) thanked me and said he would make a note in our account. Thinking everything was good to go, I then received a statement with a $185 finance charge and saying my interest rate was over 28%. I did have the 0% for 18 months for the Lasik surgery, which is where the GE Money Bank Care Credit card came from.
Technically, they have no record of me sending a payment, though my bank shows I did since I pay over the internet. I dispute any company charging over 28%. This should be considered predatory and abusive. It should be illegal if it is not.
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