1 reviews | Active since Aug 2011

15 Oct 2016, 20:23

Pay back the money

<p>This is a complaint about the poor service I received from the Momentum group.</p> <p>The misguiding information they gave me is now effecting my finances and my livelihood. </p> <p> </p> <p><br />I called their contact centre from 30 September 2016 to gain more information about the current account I have and is flexibility regarding withdrawals so i could understand and plan my finances on how much money i could take out at one time</p> <p> </p> <p><br />The account I had with Momentum was a guaranteed endowment account/plan. I understand and know what agreement I originally signed in for but am now unable to even buy bread due to the bate and switch scheming technique used on me by this company. </p> <p> </p> <p><br />I called the Momentum on the 30th September 2016 because needed the funds . I spoke with a CSA who confirmed that if I change my account to a pure endowment account because then my account would be like a money market type of account and I could transact band deposit and withdraw money as I please.</p> <p> </p> <p> </p> <p> </p> <p>Trusting the misleading information I was given I did exactly as I was advised, which turns out to be a bad move. I am unable to even buy bread because I based my finances and trust in your greedy company. The realisation hit home so I waisted even more of my time and called Momentum again and spoke with a very patronising manager who, didn't even listen to the call-recording to understand how to solve the problem. This manager kept on quoting the company rules and the laws. He assumed that being defensive towards customers would win him a medal, it didn’t it showed me what an unprofessional person he is.</p> <p> </p> <p><br />Demands: </p> <p>1) Solve my problem, I want what was promised to me by your CSA which is my money.</p> <p>2) Take Mr "I am the law” manager for more management training.</p> <p>3) Resolve this within the next 3days , or I will take legal action which you will bare the cost of.</p>

0
Replies (3)
Momentum (SA)
Momentum (SA)'s reply15 Oct 2016, 20:51
Official

Thank you for informing us of your concerns. We will be in contact with you on Monday morning.

Kind regards

Charmaine Klopper

Momentum (SA)
Momentum (SA)'s reply15 Oct 2016, 20:51
Official

Thank you for informing us of your concerns. We will be in contact with you on Monday morning.

Kind regards

Charmaine Klopper

Momentum (SA)
Momentum (SA)'s reply20 Oct 2016, 12:27
Official

We addressed your concerns and are in the process of processing your request received today.

Kind regards

Charmaine Klopper