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Ge Money Australia

mowagee asked:

Hey Mike good luck you may get an answer you may not. Next the will get some debt collection agency to write on there behalf then they sell the debt to a debt collection agency. Have separate folders for each company that writes to you do not talk on the phone to them. Send your letters registered mail sign on receipt so you get back a card as proof of delivery. Good luck follow the process view the video and ebook from your account and have at em.

ceylon replied:

thats the spirit

they try all sorts of crap

Tiddleyetom replied:

Nice one Mike, just follow ‘your’ process, not theirs…

Keep us updated.

stoneybroke replied:

u can track ur post online I used to print mine of so I had proof of postage and proof they received and the best part signened for it Westpac will hammer u for a whith threats of court offer a discount send u in default eventually they will sell on

mine went to baycorp and u know its been that long since I had a letter or call I cant rememember who other was till I dig out my files I got to 9 mill in bills with wespac sent em notice of default and later possible court action even offered em a discount its not long after they sold to Baywatch and the other mob they may try by email too they did with me I just sent back mail f off scammer ge my wife borrowed from them yes they rip u on intrest all the best mate have fun and u can make letters 7 days if ya need to speed it up I did ๐Ÿ˜‰ none of em commented on my bills or letters not a word just kept sending me their templates and calls

acm was the other mob ๐Ÿ˜‰

bill em everytime they write to u after 3rd letter has gone and don’t forget your name will b on envelope twice on outside with address and on inside where it says dr mr so that’s 2mill plus a letter ๐Ÿ˜‰ ๐Ÿ˜ฎ

ceylon replied:

sounds like it

stoneybroke replied:

u can tell wespac the letters worked for stoneybroke ๐Ÿ˜†

ceylon replied:

when they call next start saying sorry you must have the wrong number

FatMike replied:

So westpac have started to call me at work, so I rang em back and said I wish to only correspond via mail, the goose on the phone ignored that and said if I don’t sort something out with them it’s getting to the point where they will ‘sell it to a collection agency’ and it would “be in my benefit” to sort it out asap with westpac..

I want it sold you bonehead.. hurry up!

gem78 replied:

i never pick the phone up unless it is a number i know, like a relatives or friends.

when you pick the phone up to them you are giving them what they want and giving them something to work with. make it hard for them and ignore the calls.


Hey mates.. keen for your updates as I too have a westpac and GE loan I’d like to see the end of. Wish Id known about this ages ago. cheers and Happy 2014

stoneybroke replied:

wespac sold mine to baycorp and also acm took nine mill in bills and notice of possible action b4 they sold I think they sell most of their debts and I don’t get anything now no mail no calls had a great experience and bloody good laugh during the process been 3 yrs I think. funny how banks can sell a debt when it dosent even legally exist just another scam ๐Ÿ˜‰

cca replied:

So you don’t own Westpac anymore money now, is that right?

Or you even got $23000 in you bank account?

stoneybroke replied:

its a great feeling when u ring telephone banking and see that 40 thousand debit has gone and u owe nothing ๐Ÿ˜† ๐Ÿ˜†

mine went 1 to baycorp they did nothing after 2nd letter, and other was acm they stuck around for a while and when they rang my 90 odd yr old neighbour to c if I was still in house that was it 4 me I rang em and abused em then followed through with a complaint to asic bout there practices went quiet after that turns out they taken to court by asic due a number of complaints

nice to c they got there ass kicked ๐Ÿ˜†

cairnsmaterio replied:

Hey FatMike keep us posted on this one, I’m dealing with GE right now. Estoppel has been in effect since 29 March and bills are stacking up for them!! ๐Ÿ˜€

FatMike replied:

just an update, ge money have also sold the “debt” to lion finance.

Will send debt collector letter 1 for both this thursday 8/5/14 have shortened the length of time they reply to 7 days, just because these scum suckers are so annoying with their damn phone calls.

cairnsmaterio replied:

They’ve not sold mine on yet, had one of their automated letters arrive in the last week though despite the fact that they’ve been sent a bill for a nice sum of money so far. Time to send them another bill after the next round…lol…

FatMike replied:

Sent out debt collector letter 2 for both accounts today, letter 1 stopped the phone calls instantly, have not heard back from the scum bags regarding letter 1 yet ๐Ÿ™‚

Ge was sending me stupid automated letters every week, i sent them one bill and never bothered again, never got a response back from them for any of my letters.

Westpac at least tried to scare me with some long letter how they have seen plenty of our templates and they don’t work and i must pay etc etc.

DC Letter 3 will be going out next thursday

cairnsmaterio replied:

Keep pushing mate! GE sent me their letter threatening a default notice under the Consumer Credit Code and I’ve sent a letter out to the CEO, gets most of what I need in it I think. Here’s my letter:

Dear Sir or Madam,

I refer to a letter from the Credit Card Collections Team sent on 5th May 2014. All mentions of correspondence sent to you herein were addressed to your office, sent via Registered Post with Delivery confirmation.

As you should recall, I wrote to you on 7th February 2014 requesting certain documentation from you so that I may settle any financial obligation I might lawfully owe. The documentation requested was as follows:

1. Validation of the debt (the actual accounting);
2. Verification of your claim against me (a sworn affidavit or a hand signed invoice in accordance with the Bills of Exchange Act 1909);
3. A true and certified copy (NOT photocopy) of the contract signed by both parties and therefore binding both parties;
4. A true and certified copy (NOT photocopy) of the Original Note (Credit Agreement), under penalty of perjury and with unlimited liability, and confirm that this Note has never been sold.
5. The name of the individual who is the duly authorised representative from your company, who has carried out due diligence under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and what action/s s/he has taken in relation to this account.

I did not receive a response from you or a duly authorised representative of your office.

I wrote to you again on 17th February 2014 requesting the same documentation, and I did not receive a response from you or a duly authorised representative of your office.

I wrote to you again on 27th February 2014 requesting the documentation yet again, and advising you that the following terms were hereby agreed upon:

1. That the debt did not exist in the first place;
2. That the debt has already been paid in full;
3. That for any damages I suffer, you will be held culpable;
4. That any negative remarks made to any credit referencing agency will be removed;
5. You will no longer pursue this matter any further;
6. You agree to pay all fee schedules.

A Notice of Intention of Estoppel was enclosed in the same correspondence, advising you that an Estoppel by Acquiescence would be in effect 30 days from the date of notification, the date being 27th February 2014. Again, I did not receive a response from you or a duly authorised representative of your office. A Notice of Irrevocable Estoppel by Acquiescence was sent 2nd April 2014 establishing this, with the date of the Estoppel beginning 31st March 2014.

I now draw your attention to the letter sent 5th May 2014 from the Credit Card Collections Team, as the contents of this letter are quite disturbing. The writers of this letter allege that I have failed to respond to their letters and that the serving of a default notice under the Consumer Credit Code is imminent. As I have sent numerous written notices to your office, please explain to me how your Credit Card Collections Team is not in breach of the National Consumer Credit Protection Act 2009 โ€“ Schedule 1 (Cth), or National Credit Code, if they commence enforcement proceedings. I refer you to the following points:

38. Disputed Accounts

(1) If a debtor, by written notice to a credit provider, disputes a particular liability entered against the debtor under a credit contract, the credit provider must give the debtor a written notice explaining in reasonable detail how the liability arises.

Also in relation to this, I must point out to you that your Credit Card Collections Team does not sign the letters that are sent out, there is merely an obscure alphanumeric sequence that appears to be a per-letter identifier, for example โ€œT48209โ€. Therefore I can only conclude that there isnโ€™t a member of staff within the Credit Card Collections Team that is prepared to accept liability for the letters they send. Is this alphanumeric sequence an employee identification number for the staff member who

generated the letter to send or is it merely an identifier for that particular letter, and does the Credit Card Collections Team intentionally not put their name to correspondence they generate for the purpose of not having to accept liability for that correspondence?

Furthermore, as Proof of Claim has not been provided by GE Money by your non-response to the requests for documentation, the Estoppel had been created and is permanent and irrevocable. This Irrevocable Estoppel by Acquiescence has barred GE Money from bringing any and all claims, legal actions, orders, demands, lawsuits, costs, levies, penalties, damages, interests, liens and expenses whatsoever against [TRADEMARKED NAME]. The Estoppel notice sent to you dictates the Fee Schedule that is in effect for any invalid claims or attempts to contact the Authorised Representative for [TRADEMARKED NAME]. Note that this Fee Schedule is in effect as a result of the tacit procuration of your agreement to the conditions set in the Estoppel, and your non-response constituted this Agreement.

As such, there has been a hand signed bill โ€“ BILL GE-01001 โ€“ sent to your office for unsolicited correspondence sent from your company for the month of March, and that account is now overdue. Note that there is a late fee of $100 (ONE HUNDERED AUSTRALIAN DOLLARS) per day that this account is overdue. Enclosed with this letter is a second bill for unsolicited correspondence sent in the month of April.

Enclosures: BILL GE-01002

Use the template if you like. ๐Ÿ˜€

cairnsmaterio replied:

Got mywritten default notice in the mail. Bill them again and advise of the correspondence sent to the CEO, and that enforcement proceedings would put them in breach of S38.(1) of the National Credit Code?

stoneybroke replied:

put them in default for there bill I did when they sent me one just went through the motions as they did also if they offer u discount u do same to them I offered 1 mill off 9mill better than there 2 thou off 22 thou as far as wespac went I sent them same as they sent me even 72hr possible legal action they sold not long after

brightredmegaphone replied:

hi stoneybroke

I’m new here, but also dealing with GE Australia, except now through their DCA Solictor firm, Graeme John & Associates. I was issued with a Letter of Demand followed by court proceedings with him, which I signed an agreement with (not knowing any better) and have begun to pay off.

I have several other DCAs (not yet at that stage) but has anyone else dealt with Graeme John on this forum do you know? Wondering where to start; I have Baycorp, ARL, Collection House, the list is long so I am looking forward to getting started.

Thanks for any help.

stoneybroke replied:

baycorp gave up after 2nd letter never heard a thing back from them ๐Ÿ˜€

cairnsmaterio replied:

Hey brightredmegaphone,

At what point did you start getting letters from Graeme John? I’m still waiting for their letters! ๐Ÿ˜†

I think it’s because they’re looking to confirm my address when I login online to check the account – I’ve not confirmed any address details yet. I guess they can’t proceed any further without me confirming these details??

brightredmegaphone replied:

My first letter from Graeme John was a letter of claim in the local magistrates court. Right after I defaulted on the agreement with GE. It was pretty quick, no other correspondence.

That was before I got on here. As I have an agreement signed that I am not sure about, they will be the last one I tackle.