;
  • Report:  #1408763

Complaint Review: GE Captial - Internet

Reported By:
Altavese Cook - Trenton, New Jersey, USA
Submitted:
Updated:

GE Captial
Internet, USA
Phone:
917)965-8893
Web:
www.gecapital.com
Categories:
Tell us has your experience with this business or person been good? What's this?

GE money Captial Bank, Jack Williams. On October 25th a Jack Wiliams texted and left me a voicemail from 941) 799-8765 stating that I was approved for a $5000 loan from GE Capital Money Bank. I called to inquire about and to show my interest in obtaining the loan, at that time I was told by Jack Williams that I needed to pay $50 for the insurance on the loan. I then proceeded to tell him that I do not have the money and that I would have to borrow it, he then stated that he will hold my appication open till the next day so I can obtain the $50.

I called back the next morning on October 26th with the $50 and he proceeded to tell me that I needed to go to a CVS I ask him why the money couldn't be taken out of my account he stated to me that it would take up to 4 business days for the loan to be transfered into my account if it's done that way, he proceeded to tell me as I was standing in the CVS that I needed to obtain a Steam gift card. As the CVS had no more of those gift cards he then told to purchase two $25 Itunes card and put the money on there in which I did, he then proceeded to ask for the number off the back off the two cards so the insurance on the loan can be paid he then obtained the money and put me on hold as he proceeded to transfer the funds.

He then came back to the phone and stated to me that I now needed to pay $98 as my State that I live in is requiring me to pay the taxes on the loan I told him I was not made aware in the beginning of needed to pay additional money and that I already had to borrow the $50 just to obtain the loan so I do not have the additional $98 and that I should have been made aware of this at the start of the process as they already knew what state I was calling from. He then proceeded to tell me that it was not his company that was holding the funds up but the State of New Jersey because they wanted me to pay the taxes on the loan after I already paid the $50, I then explained to him that I do not have the money for the taxes a I had to borrow the $50 in the first place and that I would need to cancel the loan and for him to refund me my money.

He then stated to me that it would take 7-10 business days to refund my money back to me, I then ask him how will he refund it back to my account when the money was placed on a Itunes card, he exlpained that it will be refunded back to my account with in the time frame he stated as still trying to get me to come up with the $98. I explained to him that I was nolonger interested as I feel I just got scammed, he then proceeded to put me on hold as if he was going to speak with his Manager I was placed on hold for about 10 minutes then he hung up the call. I then received a text from his loan manager Robert Wilson 917) 965-8893 stating that if I just pay $25 he can Westren Union the money to me I explained to him that I already paid $50 why am I being asked to pay more when they have already taken money from me he continued to request the $25 from me, I let Robert know that Ii nolonger wanted the loan as it feels like a scam to get people money under false pertenses, he stated to me that I can report them if I would like but there is nothing going to be done about, I then decided to look them up to find any complaints on them and found numerous complaints on them doing the same thing to others.



1 Updates & Rebuttals

Denita

West Palm Beach,
Florida,
United States
You are right, you were scammed.

#2Consumer Comment

Tue, October 31, 2017

GE Capital does not do personal loans. You were scammed by someone using GE's name. Never pay a fee upfront for a loan. This long running scam is called the Advance Fee Loan Scam and has been around for decades. Go to the FTC.gov website to read all about financial scams so you don't fall for another one. Once you have paid (like you did) you end up on a list of people that fell for the scam and that list is sold to other scammers around the world. Be careful. Don't fall for another one. 

Tips that it is a scam: 

  • Fee up front
  • Paying for insurance or taxes or anything else up front
  • Having to pay via gift card (itunes, Steam or any other gift card) and reading the numbers to the caller

If anyone asks for funds upfront, hang up and don't send the money. It is 100% that they are scammers when asking for you to send funds in advance of the loan. No legitimate lender would do that - and these scammers use the name of legitimate lenders to sound like they are real. Just hang up.

Reports & Rebuttal
Respond to this report!
Also a victim?
Repair Your Reputation!
//