GE Bank
Card Limit Slashed From 2,600 to 100 Despite Paying on Time

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 calling the GE number with no help, other than I wasn't alone with my grief, many are complaining.

When I asked where do I call to dispute this. She said you can't due to Belk and GE being partners. I agree that GE is in financial trouble, but why pull us down with them. I have committed 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 aren't many. I will boycott shopping at Walmart, Best Buy, Home Depot, J C Penneys, and my favorite store Belks.

Company: GE Bank
Country: USA
State: Texas
City: El Paso

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