I have been a dedicated to Belk for 10 years. Just received notice that my CC being reduced from $2,600 limit to a mere $100.00. The explanation was vague. It stated that I had at least once been late on a payment, and that my balance was not rolled over to maximum.
I paid my balances off often with the first payment. I never accrued finance charges. They never reported any late payments to any agencies, which I have an excellent report until now! I tried caling the GE number with no help, other than I wasnt alone with my grief, many are complaining.
When I asked where do I call to dispute this. She said you cant due to Belk and GE being partners. I agree that GE is in financial trouble, but why pull us down with them. I have commited no crime, other than paying my bill on time. I thought that used to be a positive attribute, but apparently not.
Now I have worries what a lower credit limit will do to my credit rating. This should be against the law. Now I have to find a retail store not affiliated with GE, there arent many. I will boycott shopping at Walmart, Best Buy, Home Depot, J C Penneys, and my favorite store Belks.
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