Standard bank

Hi guys just wanted to up date you on the latest about the ******* account of Standard Bank. Here is my response to Standard Bank for your enjoyment

Gorden

With reference to your email dated the 2nd of April 2025, we hereby confirm the following:

1. Your calculations are incorrect regarding the interest. According to the National Credit Act (Section 103(5)) no Bank may not ask more than the total Mortgage Loan which in this case is R282 120.00. For a Bank that uses the National Credit Act you have no cooking clue about collections or the Act. (The layout is attached for easy reference as your bank doesn’t have any idea of what you are doing.)

2. Your calculations on Insurance & Assurance are a big lie, as you said there is a NIL balance on all Insurance & Assurance costs to date. Your costs have never been amended until 2023 when your bank stopped adding Assurance costs but still continue adding Insurance costs after Debt review informed your bank in 2012 to stop all Insurance and Assurance Costs. (Attached is the layout to the so-called NIL Assurance and Insurance costs which is R136 523,60 for Insurance & R424 861.41 for the NIL Assurance) Please explain this to us.

3. Your Legal Costs & Statement of accounts are not acceptable seeing your bank has never sent us Bank Statements on a monthly basis from 2008 till the 2nd of April 2025, when you sent me the bank statements for the first time. (Kindly amend your account – Layout is attached)

4. We furthermore enclose the complete breakdown of each and every payments, interest, insurance and assurance for you as your bank is too pathetic to do your job properly and thus de*****ing the victims.

So seeing we did all your bank’s work and the *******ion involved we are demanding such an exorbitant amount we will be taking legal action against the bank for damages and humiliation suffered in the amount of R5 000 000.00 and you will pay the R109 379,64 that we still owe as well as the costs for the cancellation of this bond and to clean our names.

So Gorden I wait to hear from you about our claims for damages and will be sending this to Hello Peter as well.

Veronica & Madelein Rundle