vN
vernisha N

1 reviews | Active since Mar 2014

20 Aug 2019, 12:52

Absa Vehicle Finance - Inflated Installment

Good Day,

I have purchase a 2016 Ecosport Ford from ABSA Vehicle fiance. I then could not afford and placed all my accounts onto Debt Review.

In this year 2019 May I found out that all my payment were being paid to ABSA far less than what I have initially agreed with the Debt Review consultant. Nevertheless, I contacted ABSA, by then ABSA had sent me a letter and a voluntary surrender form was sent to my house with one of their agents to fetch the vehicle which is my daily transport to work.

I purchased the vehicle for a price of R259000 , I now owe ASBA an amount of R310000.

I HAVE NEVER MISSED AN INSTALLMENT. WHY IS THE AMOUNT OWING SUCH AN INFALTED AMOUNT.

MY DEBT CONSULTANT ONLY PAID 1500 LESS OF THE INSTALLMENT EVERY MONTH.

PLEASE ADVISE?

Contact me. ***

0
Replies (1)
Absa
Absa's reply21 Aug 2019, 11:04
Official
Dear Vernisha, 
Thank you for bringing this matter to our attention. The reference number to your case is C-***1.We will be in touch to obtain additional information. 

 Kind regards,
 Basani Hlungwane
 Group Customer Care
 Absa Bank Ltd