SL
Stefan L

1 reviews | Active since Jan 2016

15 May 2021, 10:20

Incorrect calculations on statements

Where do I even begin to describe my frustration with this useless institution.

Every month I make EFT payments to my vehicle loan account at Absa seeing as they stopped debiting my account for some reason. I have also noticed that my statements reflect the payments however my arrears amount increases every month and sometimes with even more than what my Installment is (sometimes double and even Triple). The amount that is showing as outstanding is impossible as it's almost as much as all the installments so far. This is also affecting my credit score very negatively. If this is not resolved, I will be contacting my lawyers.

0
Replies (2)
Absa
Absa's reply17 May 2021, 09:40
Official
Dear Stefan,  Thank you for bringing this unfortunate matter to my attention and please accept my sincere apology for inconvenience caused. Your case reference number is C-***9  . I will review the matter, and provide you with an expected timeframe for further feedback within the next hour.  Kind regards,
Basani Hlungwane
Group Customer Care
 Absa Bank Ltd  

Best regards,

Absa
Absa's reply17 May 2021, 10:11
Official
Dear Stefan,
Please note the correct case reference number for your complaint C-***0. My sincere apology for case number mix-up.
Basani

Best regards,