Care Credit/GE MoneyBank Complaint - They Will Ruin Your Credit, Lie And They Don't Care

Review by mrsling on 2010-09-23
I took a Carecredit loan for $500.00 on June of 2006. GEMoneybank sold this loan to Arrow Financial in January of 2007. I PAID THIS LOAN IN FULL to Arrow (who--DID own the loan now) in May of 2007. On my credit report, GEMoneyBank says that I owe THAM $950.00!!! The loan was only for $500.00 and they sold it to someone else! They REFUSE to take this off of my credit report because they say that I never paid them! Why would I pay GEMoneyBank, when they sold the loan to someone else? And I paid it in full! I have letters from Arrow saying that I owe nothing! Yet, GEMoneyBank says I owe $950.00 on a $500.00 loan!

Damage Resulting
This is keeping my credit score at a point where interest rates are higher and at times, impossible to get even a car loan! Everything else on my credit score is perfect. This is killing it!

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