Wesbank - Amoral & *********

Our country is in a crisis due to COVID-19. WESBANK have terminated their payment holiday on the 30 June 2020. They advise that they will are now offering a "payment arrangement". When I inquired about this payment arrangement, I was notified that this arrangement will be to postpone a months installment to the following month and we then have to pay double the installment. BUT it will be recorded as being in arrears which will be reported to the ITC and other Credit Organizations. It will also effect our credit rating. How is this assistance? I was expecting an arrangement to be payment of half the installment or a percentage till the situation improves.

I find their practice less than honorable. It's giving false hope and a **** by posting on their website that would "assist" their clients, when in effect they seek to destroy them. Their conduct is reprehensible and in a few months they would have thousands of repossessed vehicles with no one to buy them. All WESBANK is interested in is what's on the collection plate.

These are trying times our country is going through, and we expect more from Wesbank.