My nightmare started in 2006 when I foolishly applied for a loan to renovate my property in France which I owned for 80,000 eros. The loan was covered by a PPI that was paid for.
The loan was made via a GE Money subsidiary located in Paris and all documentation showed GE Logo and GE Money heading. No assistance was given regarding where or how loan repayments were to be paid. An initial cheque issued for 25,000+ euros by GE was dishonoured. Despite all this, the account was kept in good order and in credit.
No statements were supplied and payment of 6,532 euros has disappeared. For some reason which nobody within GE Money explain GE obtained judgment of some 40,000 euros in French Court and then sent bailiff to obtain payment who promptly stole all my property, possessions, materials, tools, furniture, car and even my underclothes and wedding ring were which far exceeded any loan even though my account was in credit leaving homeless and destitute in France. None of the property or money has reappeared and despite many attempts, GE in UK and France will communicate. The GE subsidiary located in Paris has since been sold to Cerberus and operates from same premises and staff and has been renamed MYMONEYBANK.
By fortune, I have located my account at this bank but despite official requests via Freedom of Information Act no contact can be made with GE, GE Moneybank or MYMONEYBank. I am 83 years old and virtually desitute
Product or Service Mentioned:
Ge Money Bank Loan.
Reason of review: property, money & compensation.
Preferred solution: Full refund.