Complaint / review text:
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, gemoenybank says I owe $950.00 on a $500.00 loan!
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!