GE Money Bank / Lowes Debt Settlement Letters

GE Money is the issuer of a number of store credit cards and one of their most popular cards is Lowes. The GE Money Bank debt settlement policies are the same for all their credit cards, whether it's Lowes, Old Navy, or Sam's Club, and the settlement offers they extend generally range between 40 and 60% of the balance. The example below is one of our better offers that we negotiated with a collection agency who was representing GEMB on a Lowes credit card account. This client saved 65% off the balance!

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GE Money Bank Lowes Settlement

Collection agency: Monarch Recovery Management
Date: April 25, 2011
Amount owed: $3298
Settlement amount: $1160
Settlement percentage: 35%