GE Money
Larger Minimum Payments Than Needed and Paper Billing Fee Added

I bought a bed at Sleep Train. The store uses GE Money for financing. I received 36 month deferred interest loan. GE Money makes you pay a minimum monthly payment depending on your outstanding balance. The payment is substantially larger than required to payoff your loan in 36 months. This is not explained in writing prior to receiving 1st bill. Also, company padded monthly bill by adding a $. 99 fee listed as admin fee. When I called to inquire as to what this fee was for, I was told that unless I opted for a paperless bill I would be charged a $. 99 monthly fee for paper billing.

Company: GE Money
Country: USA
Site: gemoney.com

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