MFC HIGH INTEREST

<p>This year in June I was in an accident and my car was written-off. My account with MFC was subsequently settled and I have received my Paid-up Letter. I am currently looking for a new vehicle and app**** again with MFC, The Deal was approved but with an extremely high interest rate of 15.250% p.a. – linked. MFC is reluctant to negotiate the interest rate. I have spoken to Corne De Klerk at MFC and he say his hands is cut off and couldn’t help me. I need answers from MFC as to why they cannot give me a better interest rate. I have had 2 cars financed through MFC. Why does the interest rate go up every time I buy a new car. I have been a loyal customer and never missed an instalment.</p> <p> </p>