SM
Superior M
1 reviews | Active since Jan 2018
13 Feb 2023, 12:46
Increasing debt from African bank
Good day
I have a loan with African bank. I've been baying it under debt review for the past 5 years. Last time i check with them around September I was owing them R17000. Today they called me and told me that I'm owing them R39890 and R19998,87 arrears. I don't understand where so much balance and arrears are coming from as I have been communicating with them for the past 5 years. I've been paying more than the required instalment. According to my knowledge I owe them less then R15000.
Kindly assist me.
Kind regards Khanyisile Manzi
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Superior M's updateReviewer Update
13 Feb 2023, 13:13I tried to call African bank and was unable to get assistance. The lady I spoke with said i must go to African bank branch as she is unable to see who called me.
SM
Superior M's update13 Feb 2023, 13:13
Reviewer Update
I tried to call African bank and was unable to get assistance. The lady I spoke with said i must go to African bank branch as she is unable to see who called me.
SM
Superior M's updateReviewer Update
14 Feb 2023, 14:46Good day
African bank have send me an edited statement with arrears of R39 890 from 2017. I took a loan from African bank in 27 January 2017. I paid their instalment until I entered in debt review in the middle of the year 2018. From mid 2018 after the debt counselor have negotiated for me, I carried on with the agreed repayment until now I'm still paying for them. How can I have the arrears of of R39890 from the principal debt of R50 497 when I was paying from 2017. Last year September I requested a statement, they printed me a statement with a balance of R17000. After they noticed that I was no longer under debt review they added all the interests that they cut when I was under debt review and now they saying I must pay R39 890. The statement that they sent today is not the same as the ones that they sent previous years when I was under debt review.
I feel that African bank is ******** me. According to their statement I have made a payment of R76 665,20 but I still owe R39 890 from the principal debt of R50 497 whilst debt was distributing the payment according to their agreement and when I was making these payments there were no arrears in the statement. They(African bank and debt councilor) agreed with payment of R888.64 a month and sometimes paid more than the agreed payment.
Hellopeter assist me. I want African bank to cancel all these arrears that they have now added.
African bank have send me an edited statement with arrears of R39 890 from 2017. I took a loan from African bank in 27 January 2017. I paid their instalment until I entered in debt review in the middle of the year 2018. From mid 2018 after the debt counselor have negotiated for me, I carried on with the agreed repayment until now I'm still paying for them. How can I have the arrears of of R39890 from the principal debt of R50 497 when I was paying from 2017. Last year September I requested a statement, they printed me a statement with a balance of R17000. After they noticed that I was no longer under debt review they added all the interests that they cut when I was under debt review and now they saying I must pay R39 890. The statement that they sent today is not the same as the ones that they sent previous years when I was under debt review.
I feel that African bank is ******** me. According to their statement I have made a payment of R76 665,20 but I still owe R39 890 from the principal debt of R50 497 whilst debt was distributing the payment according to their agreement and when I was making these payments there were no arrears in the statement. They(African bank and debt councilor) agreed with payment of R888.64 a month and sometimes paid more than the agreed payment.
Hellopeter assist me. I want African bank to cancel all these arrears that they have now added.
SM
Superior M's update14 Feb 2023, 14:46
Reviewer Update
Good day
African bank have send me an edited statement with arrears of R39 890 from 2017. I took a loan from African bank in 27 January 2017. I paid their instalment until I entered in debt review in the middle of the year 2018. From mid 2018 after the debt counselor have negotiated for me, I carried on with the agreed repayment until now I'm still paying for them. How can I have the arrears of of R39890 from the principal debt of R50 497 when I was paying from 2017. Last year September I requested a statement, they printed me a statement with a balance of R17000. After they noticed that I was no longer under debt review they added all the interests that they cut when I was under debt review and now they saying I must pay R39 890. The statement that they sent today is not the same as the ones that they sent previous years when I was under debt review.
I feel that African bank is ******** me. According to their statement I have made a payment of R76 665,20 but I still owe R39 890 from the principal debt of R50 497 whilst debt was distributing the payment according to their agreement and when I was making these payments there were no arrears in the statement. They(African bank and debt councilor) agreed with payment of R888.64 a month and sometimes paid more than the agreed payment.
Hellopeter assist me. I want African bank to cancel all these arrears that they have now added.
African bank have send me an edited statement with arrears of R39 890 from 2017. I took a loan from African bank in 27 January 2017. I paid their instalment until I entered in debt review in the middle of the year 2018. From mid 2018 after the debt counselor have negotiated for me, I carried on with the agreed repayment until now I'm still paying for them. How can I have the arrears of of R39890 from the principal debt of R50 497 when I was paying from 2017. Last year September I requested a statement, they printed me a statement with a balance of R17000. After they noticed that I was no longer under debt review they added all the interests that they cut when I was under debt review and now they saying I must pay R39 890. The statement that they sent today is not the same as the ones that they sent previous years when I was under debt review.
I feel that African bank is ******** me. According to their statement I have made a payment of R76 665,20 but I still owe R39 890 from the principal debt of R50 497 whilst debt was distributing the payment according to their agreement and when I was making these payments there were no arrears in the statement. They(African bank and debt councilor) agreed with payment of R888.64 a month and sometimes paid more than the agreed payment.
Hellopeter assist me. I want African bank to cancel all these arrears that they have now added.