NM
Nhlakanipho M

1 reviews | Active since Nov 2020

08 Oct 2024, 10:38

Handed over for Losing my Job

I took out a loan in 2020 and I lost my job in 2021. I went to capitec to inform them that I have lost my job. I was receiving UIF in late 2021 and 2022. I took out an insurance on the loan at capitec. I was then handed over to Ver-tex Solutions. My question is, why do we take out insurance on the loan?, if we are still handed over when an unfortunate situation of losing a job occurs. I am over R80000 in debt and I can't do anything about it.

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Replies (1)
Capitec Bank
Capitec Bank's reply08 Oct 2024, 11:09
Official
Good day Nhlakanipho, Thank you for letting us know of your concern, and for your patience while we explore this matter. We have assigned your query to a designated official who will contact you within the next business day. Kind regards Capitec Bank.