Bad Lending

Hi,

I wanted a credit card with Capitec but was offered a Access facility and was told it woks the same as a credit card and that you use the money again if the need arises. I went back months later for an increase and the Access facility was converted in a loan. I than realize that later on that Capitec is actually *****ing there customers. The credit card interest is about 21% while the personal loans is 24% an higher. Capitec is quick to give you a preanal loan for over R100 000 but will not give you credit card of R10 000 and they know why, the bank score money on personal loans and keep you in there so that they squeeze blood out of you.

Its actually disgusting and figured this out recently, what about the rest of the customers.

Regards, Norman Dilley. ***