CL
Charnelle L

1 reviews | Active since Sept 2019

17 Sept 2019, 12:50

Bad service from Standard Bank

I am a very unhappy Prestige client of Standard Bank. I am disgusted at the service i have received thus far with regards to my Revolving Credit Loan Account. This account was settled in full on the 16 March 2018 but no update was sent to Trans-Union, resulting in my credit score to drop very low. Last year I app**** for a bond at SA Home-loans and was declined because of this account still reflecting on my name. I contacted Standard Bank and they sent me a closure letter confirming that my Revolving Credit Loan Account is settled and closed. The loans department was notified about this problem and I thought it would be the end of that but to my surprise it was not. I app**** for credit at another institution on Friday 13 September 2019 and was declined because of having a very low credit score due to this Revolving Credit Loan Account still reflecting on my name. I am beyond upset because I expect my bank of choice to protect my name but instead they are damaging it and no apology will make it better. I contacted Trans-Union today (17 September 2019) to find out why this account is still on my name and according to them, Standard Bank last updated my record in February 2018, a month before i settled this account. What makes this situation worse is the fact that I have app**** for so many jobs and haven't received any feedback because a credit check is first done before you are even considered for the position. I am so disappointed in Standard Bank and are highly considering to take further steps. Like I said no apology will fix this as my name has been made bad because of Standard Bank and a person's credit record is very important for a better future especially in a case of financial aid in an emergency which I find myself in now. I was declined more than once and embarrassed but most of all I could have missed my breakthrough to a better job. I hope that no one will have to go through this as it's not a good feeling at all.

Thanks a lot Standard Bank!

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Replies (2)
Standard Bank
Standard Bank's reply18 Sept 2019, 09:51
Official
Thank you for posting your comment.

We assure you that as an organization we are committed to providing the best possible service and assure you that this will be addressed as a matter of urgency.  

We apologize for the inconvenience and undue frustration, this has caused.  

We greatly appreciate your continued support 

Kind regards 

Complaint Resolution Centre
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Standard Bank
Standard Bank's reply11 Oct 2019, 13:10
Official
Dear Charnelle Lawrence

Thank you once again for posting your comments.

I refer to our email correspondence with each other and can confirm that this matter has been attended to.

Kind regards

Clint Petersen
Complaint Resolution Centre
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