GE Money Bank and GC Services LImited Partnership
Date: Sat, 06/26/2010 - 09:53
Hi,
I have several questions and would really appreciate any help....
I am behind in several of my CC (Chase, American Express, Discover and GE Money) I was either late or pay less than minimum payment due. With GE Money, I paid on time and with minimum payment for at least couple of year until June 2010. The less than minimum went through 6/10, and I received a letter from GC Services Limited Partnership dated 6/22 asking fro the full payment and they also say in the letter "By this time you must realize that you are serviously delinquent." Seriously.....
Here are my questions:
1. Did GE Money bank sold my account to GC services or GC services is working for GE to try to collect?
2. I am in no shape to pay the whole amount and try so hard to even keep paying all these CC companies anything....at this point, who should I call - GE or GC?
3. I have the feeling that I can't keep this up for long and will go under soon.....if I default on all cards (stop paying anything) so I can pay my essential bills....what would happen?
Really appreciate any help or suggestions.
I have several questions and would really appreciate any help....
I am behind in several of my CC (Chase, American Express, Discover and GE Money) I was either late or pay less than minimum payment due. With GE Money, I paid on time and with minimum payment for at least couple of year until June 2010. The less than minimum went through 6/10, and I received a letter from GC Services Limited Partnership dated 6/22 asking fro the full payment and they also say in the letter "By this time you must realize that you are serviously delinquent." Seriously.....
Here are my questions:
1. Did GE Money bank sold my account to GC services or GC services is working for GE to try to collect?
2. I am in no shape to pay the whole amount and try so hard to even keep paying all these CC companies anything....at this point, who should I call - GE or GC?
3. I have the feeling that I can't keep this up for long and will go under soon.....if I default on all cards (stop paying anything) so I can pay my essential bills....what would happen?
Really appreciate any help or suggestions.
The letter you received from GC services should state either ass
The letter you received from GC services should state either assigned/placed or sold. It has more than likely been assigned. Call GE moneybank and ask.
What will happen if you stop paying your bills? Well looking at who you owe, American Express and Discover are the most likely to sue you.
