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1 reviews | Active since May 2016

09 Nov 2021, 09:47

Pre-Approved - What does it mean?

We keep getting mails from African Bank offering us “pre-approved” loans.

When African Bank say “pre-approved” what exactly does it mean? Nobody seems to be able to give me a coherent answer.

Then I would like to address the moral issue of the situation. I think that it is potentially very hazardous to make advances to people who may be desperate and then to shut them down. What are you going to do if some poor sod jumps off a building with one of your pre-approved promises in his hand and a note that reads something along the lines that he thought he had found a solution only to discover that it wasn’t what it said?

And lastly you obviously got leads off some data purchased somewhere. Where does that leave you in terms of Poppi and the NCR?

My husband did have a loan from African Bank and as per Standard Banking Practise he had credit guarantee insurance. When he lost his job that should have covered the loan. What happened to that money?

I look forward to your response

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Replies (1)
's update11 Nov 2021, 18:06
Reviewer Update
Apparently all of the "pre-approved" offers flooding my Whatsapp are part of a huge elaborate **** by a person or people unknown. There is an enormous conspiracy aiming to blacken the name of African Bank. If, and this is a big IF, it is indeed a **** it is either very sophisticated or an inside job. The website referral checks out, the contact numbers are legit. They must have access to contact details as the offers on Whatsapp are specifically directed to a person. There is an investigation being undertaken by the bank yet they have made no effort to alert their clients, nor is there anything reported in the media. If as claimed they are the victims and are having their good name trashed their PR department should be all over the issue doing damage control. Not a peep out of them. My source of information comes from the inside of the bank so it would seem I am a whistleblower of industrial-strength - shades of "Deepthroat". There are a lot of people with financial problems who have received a WhatsApp and thought that their prayers have been answered only to find that their supposed "Pre Approval" is worth nothing.
The festive season is not very festive for some and something like this could be the trigger that pushes them over. **** or not it is deeply concerning that private data is being put out there or being accessed for nefarious purposes and it all points back to the bank.