MB
Mogamat B

1 reviews | Active since Jun 2022

20 Jun 2025, 17:05

MSD : Never Responding and leaving me in the dark

Good day all,

MSD Consulting has single handedly ruined my credit score and is uncontactable when you're looking for answers, I have just received a notice that my home loan will be terminated due to missed payments, will MSD be supplying me with a place of residence?

Please assist with getting this situation resolved, I was better off without MSD Consulting being in the picture, it would be better if the communication from their side was better but it is atrocious

My details are: Name: Mogamat Raees Bassier Email: ***

0
Replies (5)
MSD Consulting
MSD Consulting's reply21 Jun 2025, 09:44
Official
 Good day 

Thank you for reaching out with regard to your experience with MSD Consulting. 

We can assure you that is not the way we deal with our clients. A consultant will reach out to you immediately to resolve all the issues you have been experiencing. 

Once again, we apologise for the inconvenience caused and we appreciate your patience as we resolve these matters for you 

MB
Mogamat B's update21 Jun 2025, 11:46
Reviewer Update
Good day all,

I have been put in contact with a consultant to resolve my issue, it's currently in progress and will hopefully be resolved, I'll keep this thread updated

Kind regards,
Mogamat Raees Bassier
MSD Consulting
MSD Consulting's reply23 Jun 2025, 08:09
Official
 Good Day
 
 Thank you for reaching out to us as we appreciate the effort in taking the time out of your day to leave this helpful review.
 
 We try our best to provide excellent service as our clients are our top priority.
 
 Kind Regards
 
 MSD CONSULTING TEAM 
MB
Mogamat B's update03 Jul 2025, 06:44
Reviewer Update
Just an update for everyone, MSD has contacted my bank about the arrears on my home loan account, I was informed that the money was used towards legal fees and this was supposed to be explained to my bank so that I wouldn't face any consequences, it would've been less of an issue had I been informed of the almost R13k that would be used for legal fees (I wouldn't have handed my life over if I knew) and if they actually smoothed things over with the bank. Instead I was informed about the termination of my home loan account by my bank with my account being R15k in arrears. We came to an agreement to remove my home loan account from the debt review and I would pay it over myself, however, my normal debit order for MSD processed, prompting me to remind them to pay the home loan amount and I'll cover the balance (I wanted no further issues regarding my home loan, for obvious reasons). After all of this, I'm guessing that since the home loan was removed from the debt review process, all the money that should've gone to my home loan went to my car repayment with nothing going to my home loan (I got a statement detailing this), which is already in arrears and I'm already getting communication that it will be terminated...Unbelievable honestly, this is the worst decision I've made in my life, I used to not think I was stupid, but this has proved me wrong. Save yourself the stress and time and anxiety...Don't do it

Depending on how they handle this issue I may have to seek some legal advice, I'm not losing my home over a mismanagement of funds by a company I do not trust anymore
MSD Consulting
MSD Consulting's reply03 Jul 2025, 08:22
Official
 Good Day
 
 Thank you for reaching out to us as we appreciate the effort in taking the time out of your day to leave this helpful review.
 
 We try our best to provide excellent service as our clients are our top priority. A consultant will be in touch.
 
 Kind Regards
 
 MSD CONSULTING TEAM