1 reviews | Active since Jul 2016

18 Nov 2019, 08:38

Poor service, poor thinking.

The worst bank by far. I purchased a car which was financed by Nedbank and had to seek the help of a Dept Councilor when I could no longer pay the installments. Due to the debt counselor messing about, we were forced to seek a new debt counselor. Now the installments is R8000 behind. The total due is R136000. The car can only be sold for R60000. Which leaves an amount of R76000 short which I will not be able to pay and will end up being blacklisted for. Nedbank states that unless I pay the arrears amount I can not move over to the new debt counselor. Which means that the car will be sold for R60000 and I will be held liable for R76000 instead of R8000. Nedbank blatendly refuses to let me make an arrangement to let me pay the R8000 off and would rather reposes the car. I do not have anything left to reposes, which means the R76000 will not be recovered and I will be blacklisted. This is not a wise choice.

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