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Antonio D

1 reviews | Active since Jun 2011

18 Jul 2022, 19:18

Greed on Another Level

How about this. My Fiance has been paying her car diligently for the past 5 years, through Covid, lockdown, you name it without asking for any relief, payment break etc and in about another 8 installments she will be done. I offered to help her settle from her accounts so that she can buy a newer car that is lighter on fuel as a result of the mess the country is in an transporting our kids and also very new so that she has no issues from a mechanical side. We emailed Wesbank to see if they can at least offer a better settlement amount compared to the current capital balance considering the facts mentioned above and that she has already paid almost double that was borrowed and would you believe it nothing. I now have no more works for FNB and its subsidiaries. Absolutely shocking greed on another level.

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Replies (2)
WesBank
WesBank's reply19 Jul 2022, 07:29
Official
Dear Antonio D, 

We have received and reviewed your Hello Peter post. Our Customer Resolutions Team has logged a formal complaint which has been routed to the relevant department for investigation and resolution. 

We will be in touch with you to resolve this matter.

Regards,
WesBank Service Resolution
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Antonio D's update20 Jul 2022, 16:52
Reviewer Update
What the hell. Check this response from Wesbank People. "For agreements that where the financed amount was greater than R250, 000.00 (we refer to these as large agreements) or agreements outside the scope of the National Credit Act, the settlement amount is the sum of the outstanding capital balance plus daily interest, as well as an early termination fee which is based on 3 months' interest. The Early Termination Fee may also be negotiated, should you be refinancing with us. Please let us have your new finance account number in order to quote you a revised settlement. " In essence they do not view debt then under R250k as debt and they will only offer a better settlement if we promise to take our credit with them again. Absolutely shocking. ****** greedy Ba%$#@