Care Credit - GE Money Bank
Deferred interest of $786.22 added after missing cutoff by two weeks
- 12-02-2008
- 58
I took out a $3.000 dentist loan with Care Credit last year. Being unaware I had free interest for a year I paid it as soon as possible with one payment left I fell behind their cut off date by 2 weeks. Next bill was for the balance of $381.50 plus they tacked on the interest for the whole loan which was $786.22. I sent in the last payment of $ 381.50 and not the huge interest they tacked on my statement are showing a $20.00 interest payment every month I let go by without paying it interest is 22.9%
I think I should only pay interest on the balance I had of $381.50
not the whole $3.000
I have perfect credit and have never been late with a payment this will ruin my credit for life. And with every month that goes by the balance is getting bigger.
Company: Care Credit - GE Money Bank
Country: USA
State: Texas
City: El Paso
Address: PO BOX 981438
Phone: 8668937864