ZH
Zanele H

1 reviews | Active since Jun 2013

09 Jun 2025, 05:48

********s disguised as loan Finance company preying on innocent South Africans! Never take a loan here

In June 2022 I went to Built it to get a building loan. I signed up for the 36 months loan of R80 000 where I received building material and cash from Evolution Finance. They deduct R3799.00 every month from my account and I have never failed to pay. My contract states that 36 months ends May 2025 therefore expect last deduction to be so. However when I called Evolution Finance to verify that no more deductions should be made the lady on the phone said I have R11 000 in areas and they will continue to debit from my account. She stated that the loan repayments fluctuate as per interest rate and I was sent sms's to adjust repayments according to interest rate. I was shocked. I checked my phone and I have never received such an sms. The sms's I received were just telling me to check my statement. I have in total paid R136 764 for this R80 000 loan. It's enough, *****ing R11 000 more from me is ******** and I will take this to the highest Ombudsman and court until Evolution Finance stops robbing people and is closed down for good.

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Replies (2)
Evolution Finance
Evolution Finance's reply25 Jun 2025, 13:17
Official
Thank you for your complaint, we will proceed to investigate and will provide you with feedback.

 
Kind regards                          
DMC Debt Management 
Tel: ***
Evolution Finance
Evolution Finance's reply14 Jul 2025, 15:13
Official
Dear Sir / Madam,

Thank you for affording us the opportunity to investigate your complaint.

Kindly be advised that we have addressed your concerns regarding the balance in regard to this particular account.

In light of the above we have proceeded to close your query.

Kind regards
DMC Debt Management 
Tel: ***
Email: ***