1 reviews | Active since Mar 2014
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. ***
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
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
