RP
Raquel P

1 reviews | Active since May 2018

28 Aug 2024, 09:58

Loan amount VS interest

I am very disappointed in Bayport as I made a loan with them in 2018 already in an amount of not even R60k yet then they charge me almost R200k interest on that amount. I have also in 2021 sent them my retrenchment forms which they also did not even look at to date I am am still paying this account which has now triple the amount of the original loan amount. They are giving me a whole other story to say that the amount of monthly payments only adds up to a certain amount. I request that they issue me with a paid up letter because this is the only account getting in the way of me even getting a home loan. They must please just update my credit records.

0
Replies (2)
Bayport Financial Services
Bayport Financial Services's reply28 Aug 2024, 10:15
Official
Dear Valued Customer,

Thank you for bringing this matter to our attention. One of our complaints specialists will contact you to assist in resolving your issue.
 
Yours sincerely 
Bayport Customer Care Team 

RP
Raquel P's update28 Aug 2024, 13:01
Reviewer Update
They always have some story for you as if you cannot calculate or know what you owe them, this company is really out to get the most money out the average person. I don't feel they are doing just to anything they are saying.