Just found this new news article on the internet. Although those of us who have been dealing with GE Money and thier illegal practices already know this.
Http://www.telstraclear.Co. Nz/news/news-story. Cfm? Content_id=762276
GE Money misled customers
Friday, 14, Nov 11:42AM
GE Money has admitted misleading 3,660 of its customers, by charging interest during what was supposed to be an interest-free period.
It will now refund them just over $3 million. The customers all bought goods from Noel Leeming and Bond and Bond stores during a Pay Nothing Until JulyAugust promotion last year.
A Commerce Commission investigation found customers who did not pay off the loan by an early exit date were then charged interest from the time of purchase.
GE Money promises to send all impacted customers details of their refund by the middle of December.
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