aS
ansie S

1 reviews | Active since Jun 2012

19 Feb 2023, 16:01

ABSA settlement

My husband passed away. I’ve been paying the bond monthly. In January I requested a settlement so I can settle the bond. I got a statement with an amount of R368309.00 making plans to settle that amount. I got notified that the amount due is R405888,

This does not make since. If you want see settle why is the amount increasing. This can’t be intrest as intrest is charge daily or monthly.

Requested a new statement again and guest what the amount has increased again. I should not be charged a penalty as this is a Late Estate cause.

I was going to settle the bond with the amount of R368309.00 BUT ABSA is not prepare to give discount to settle they rather greedy and just add more interest.

Am going to send my statements that I’ve received to Carte Blance, think there need some investigation to be done.

Normal companies are excited when people want to pay off there dead and give a proper discount when you settle in 7day. Why can ABSA not consider discount. Then you still need to pay a huge amount to remove a spouses initial from the bond. Crazy is an understatement

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