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Contributor
Posts: 110
Registered: ‎10-19-2007
0

GE Capital (GEMB?) Not my friend this week!

So, not only did GE Cap decrease my CL by $1200 (!) without warning, they are holding my last payment for EIGHT DAYS!  I called up and blasted them the other day for decreasing my CL and got NOWHERE.  I think this hold is retaliation personally.  I've never had any problems paying my bill in the past.  The payment has posted to my account and cleared my bank.  There is no valid reason for this hold.  Ugh!  I'm so aggravated! 

Valued Contributor
Posts: 1,507
Registered: ‎07-24-2011
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Re: GE Capital (GEMB?) Not my friend this week!

[ Edited ]

Is there something on your reports that possibly scared them?


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Valued Contributor
Posts: 2,411
Registered: ‎03-15-2012
0

Re: GE Capital (GEMB?) Not my friend this week!

Got them on the defense....

Late payment to them in past? (even hours past calendar date late?)

CO CA ...anything like that pop up after getting the GE card?

 

Frequent Contributor
Posts: 463
Registered: ‎11-28-2012
0

Re: GE Capital (GEMB?) Not my friend this week!

Is GE known for decreasing CLs??

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: GE Capital (GEMB?) Not my friend this week!

Not to my knowledge, I think inactivity would be the biggie for a CLD.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
Posts: 2,411
Registered: ‎03-15-2012
0

Re: GE Capital (GEMB?) Not my friend this week!

...or TU08 abusing. :smileyvery-happy:

Contributor
Posts: 110
Registered: ‎10-19-2007
0

Re: GE Capital (GEMB?) Not my friend this week!

[ Edited ]

No lates, never late! :smileymad:  I bought some furniture, so my util was high at about 50% because I really haven't started paying it down substantially yet.  Just making a bit more than the minimum until now.  I just can't see how that's right that they can do that (hold my payment, even when it cleared the bank?!) 

 

The CLD was probably due to a slow payment in my mortgage about 18 months ago ???  That's the only thing I can think of, no CO, CA... nothing!!  I just recently paid off some smaller CCs.  If I didn't need the card for my aging, I'd probably close it out!  I've never had any problems with them until now. 

 

Could they have figured I didn't "need" that much credit because I've never used it all??  Because they decreased my limit to just above what my highest limit was since the life of the CC.  Stupid reason, but I'm grasping at straws.

 

I've tried talking to them but got absolutely nowhere with either of my issues with GE.  The ladies I spoke with on each occasion were rude and virtually uncaring.  I don't need flowery reasons, I need VALIDATION!  Give me something I can work with!  This seems too much like a whim to me.

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