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Valued Member
Posts: 29
Registered: ‎07-24-2009
0

Does anyone have experience with GEMB?

I got turned down for a line of credit from Ethan Allen who goes throught  GEMB. I have a call into GEMB

now to find out what happened? Is anyone else experiencing the same thing?

 

Fico scores as of 1-9-10 Transunion  737

                                    Equifax       726

                                    Experian     ???

 

Utilization ratio  5.2%      BK filed July 2005 Still have Four (4) negatives. Haven't missed a payment of any kind

since July 2005.  I'm puzzled to say the least!!

Epic Contributor
Posts: 23,815
Registered: ‎10-23-2007
0

Re: Does anyone have experience with GEMB?

Did you have any GE accounts in your BK?
Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
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Valued Member
Posts: 29
Registered: ‎07-24-2009
0

Re: Does anyone have experience with GEMB?

No!!
Super Contributor
Posts: 5,744
Registered: ‎01-28-2008
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Re: Does anyone have experience with GEMB?

Yes! I'm on GEMB's endanger to it's business list.  I settled a lawsuit with them in 2005 for violation of the FCRA and FDCPA.  I carry no GEMB products anymore. 

 

 

Valued Member
Posts: 29
Registered: ‎07-24-2009
0

Re: Does anyone have experience with GEMB?

Thanks for your input. Figure I should have checked with the FICO forum before I appplied. 
Regular Contributor
Posts: 202
Registered: ‎09-27-2008
0

Re: Does anyone have experience with GEMB?

I have many GEMB accounts and have never experienced any problems with them to date.

RozBuds

Regular Contributor
Posts: 116
Registered: ‎04-23-2009
0

Re: Does anyone have experience with GEMB?

Wow, I was just approved last month for both a Walmart store card and an Amazon store card, both serviced by GEMB. I had a discharged BK in 4/08 and scores in the mid-600's when I was approved. How strange! I'm sorry they didn't help you out. :smileysad:
Ch.7 BK ~ Discharged 4/08
MyFico 4/1/15 ~ EQ 664 | TU 620 | EX 665
Mtg pull 1/20/15 ~ EQ 667 | TU 689 | EX 665
CapOne QS1 (8/14) ~ $3,000CL | Barclay Rewards (12/14) ~ $2,000CL | CapOne PP (3/15) ~ $1,000CL
Established Contributor
Posts: 991
Registered: ‎05-14-2008
0

Re: Does anyone have experience with GEMB?

[ Edited ]

tommiej7533 wrote:

I got turned down for a line of credit from Ethan Allen who goes throught  GEMB. I have a call into GEMB

now to find out what happened? Is anyone else experiencing the same thing?

 

Fico scores as of 1-9-10 Transunion  737

                                    Equifax       726

                                    Experian     ???

 

Utilization ratio  5.2%      BK filed July 2005 Still have Four (4) negatives. Haven't missed a payment of any kind

since July 2005.  I'm puzzled to say the least!!


I bought some patio furniture and an office desk from Ethan Allen in April 2009.  They had a 0% interest rate deal for 12 months so I applied for an Ethan Allen account in the store and got $20,000 instant approval with a similar utilization as you, about 5%.  It sounds like GEMB doesn't like your past BK.  See what they say as to the reason for the turn down.  Ethan Allen is the only GEMB account I've ever had and so far the accounting and payment crediting has been fine, no problems whatsoever. 

 

Ethan Allen has had a couple of rough quarters and they may have toughened up their lending standards so it may not have anything to do with GEMB who is just servicing the plan for EA.  How much CL were you seeking?

Message Edited by Watchmann on 01-11-2010 05:15 PM
Regular Contributor
Posts: 169
Registered: ‎11-01-2009
0

Re: Does anyone have experience with GEMB?


DI wrote:

Yes! I'm on GEMB's endanger to it's business list.  I settled a lawsuit with them in 2005 for violation of the FCRA and FDCPA.  I carry no GEMB products anymore. 

 

 


 

If I may ask, what did they violate?

 


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Valued Member
Posts: 29
Registered: ‎07-24-2009
0

Re: Does anyone have experience with GEMB?

I was asking for a credit line of approximately $4,000. I still have a call in for them! As someone mentioned earlier I may have had

an GEMB account that was part of my BK. Maybe a little bit of black listing here?

 

Thanks for your reply!

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