Does Ge Money Bank Allow For A Settlement Payoff In Hardship Situations?

My daughter signed up on a GE Money Bank promitional no-interest deal, but failed to completely pay off the loan in 2 years. GE then added $2,896 interest to the loan and is also charging and additonal $130 per month in interest. I understand that my daughter should pay some interest b/c she did not get the loan paid off in two years, but this amounts to usery!! Is there any wonder that the American people are fed up with banks and other financial institutions? My daughter cannot afford to pay off this exobitant amount because she was recently laid off from her job. I asked a GE Money representative to consider a settlement, but they refused. Has anyone heard of GE Money Bank accepting a hardship settlement payoff? C Frederick [email protected]

Requests for more information

Request from gemoneycares on March 7th, 2011 10:42 AM
I'm sorry your daughter is experiencing problems with her GE Money account. We'd like to help. Please email me at [email protected] with the following information:

- The full name associated with the account
- The type of account (where the card was used)
- Mailing address associated with the account
- Her contact phone number
- Reference code DM 030711

For her security, please do not include her account number in the email.

Regards,
Nicole
GE Money

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