GE Money Bank

I owe GE Money Bank through the Paypal Buyer Credit scheme. I opened the account for the purpose of improving my limited credit history. Instead, it backfired. Not only through me using it more than I should have, but even more so due to the shady practices we’ve all come to know and love of just about any company with any affiliation with Paypal. I tried to pay my bills, I swear – but they wouldn’t let me. Little did I know, you could only pay online from a checking account. So, several times I tried to pay, from my savings account. The payments failed, the late payment and “bounced check” fees piled up, I never got so much as a phone call, email, or letter informing me of the situation, and my credit went to hell in a handbasket in 2 months flat. Not only that, but I have this gorgeous 27.75% APR, as well as a credit limit that keeps decreasing as my balance decreases. Guess I’m not one of their best customers (which is crazy, considering how much money they sucked out of me during that little ordeal).

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