JH
Jacques H

1 reviews | Active since Oct 2016

27 Sept 2023, 17:04

Bad support and after service

I am writing this review with the hope of resolving my dispute. It has now been a year that I have been struggling to finalize the claimed debt from your sister company Quiktrade, that handles the trading side of things. I am also tired of explaining myself to your Excalibur debt department over and over. I have spoken to Donavon Wright and it seems like he can also not make decisions or have the decency to come back to a person with answers. Today my debt went from R5518.80 to R7199.89. You cannot phone me 2 years later and say oh by the way you owe us money and say nothing for the 2 year duration. I paid for my Stock market course R52000 in full, which was not even worth that price as I am still not able to trade on my own. The sad part is that today you can join the Quicktrade part month to month yet you want to hold me to a 36-month contract whereas I never even received any signals for the billed amount. I am really at my wit's end and am so displeased with your company's service and support. Absolutely disgusting how you can just mess people about. Please see my story to all the people I spoke to below. Dear Donovan/ Zotwa

It is now going on for several months where I get called by your department or Excalibur debt collection and hopefully here with the mail we would be able to conclude the outcome. I'll explain my situation to you and to everybody else cc'd into his mail. I also get asked when I will be paying the outstanding debt and yet it is not as simple as that and need a summary with higher authority to make the decision regarding this matter.

in 2020 I was retrenched due to the covert pandemic. I called your department for some relief until I could find a job and would then carry on paying my instalments. The stock market College it was not a problem as I had insurance cover the shortfall until I could find work again I. your department denied my request of freezing the monthly bill of R245. I spoke to my wife about this and she said that she would pay this amount because it is not a big total. This went on Until I found work again and as per normal, but they would order would just have carried on.

Neither my wife or myself picked up that quick trades was not going off anymore due to it being such a small amount. I also never received any signals from quick trade for more than two and a half years. Then last year 2022 out of the blue I get a call from Excalibur asking me when I will be paying off the debt that I owed.

Now here is my question to you. I paid my stock market course in full that most likely cost me R52,000 with all the interest and admin. And how does it work that I only get called two and a half years later from your company to ask me when I am making full payment of R5518.80. I don't think that this is lawful or fair. This is also not the only problem; how can you charge me for something which I also haven't received in 2 and 1/2 years? This is like going to do groceries at checkers and I walked out with nothing, yet I get billed for buying nothing.

Please feel free to give me a call on ***.

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Replies (6)
Stock Market College (Pty) Ltd
Stock Market College (Pty) Ltd's reply01 Nov 2023, 11:20
Official
Hello Jacques, your review refers.  I will investigate and revert.
Zelda Van Pletsen
SMC
Stock Market College (Pty) Ltd
Stock Market College (Pty) Ltd's reply01 Nov 2023, 16:33
Official
I have spoken to Margaret in Credit Control and she advised that you were assisted and clarity was provided.  

JH
Jacques H's update10 Nov 2023, 10:33
Reviewer Update
Hi Zelda, thank you for your reply.

I am finding myself in a bit of a confused state.
I was contacted by your Debtors Department out of the blue last year, after two years of having no communication for non-payment, stating that I owed R5 229.00. as mentioned before.
It took me close to a year to try and understand what this payment was for, with very poor to no communication.
Margaret Seka took the time and explained what this was for and I now do understand and agree that I owe your company R5 229.
I received an email from Excalibur dated 24 October 2023 stating that I owed R6 654.67, and six days later on 31 October 2023 I get another email to say that I owe R7 331.60.
How does the price get that inflated within such a short period of time and if this is penalties, then I feel I should not be held liable for it due to poor communication for more than a year that I was given the run around. It is not my fault that things could not be resolved earlier, and it was truly not for the lack of trying.
There is unfortunately no way that I can pay R7 331.60 in one single payment.
JH
Jacques H's update10 Nov 2023, 10:38
Reviewer Update
Please pick up the phone and call me to resolve payment. I have send mails again to Donnavon not resolving my issues and my mails are not being read and answered. I was just told pay R6000 yet Excalibre is requesting R7331.60. It really seems like your finance department doesn't know what they are doing and also not communicating between each other. Please don't let the Excalibre staff phone me again, they have no authority leading to poor resolve and irritated clients.
Stock Market College (Pty) Ltd
Stock Market College (Pty) Ltd's reply10 Nov 2023, 12:07
Official
No problem, will give you a call.
Stock Market College (Pty) Ltd
Stock Market College (Pty) Ltd's reply13 Nov 2023, 09:54
Official
Hello Jacques, we tried to call you on Friday, please respond to the Whatsapp message sent to you, thank you.