Wesbank doesnt care about you personally

I have been retrenched. Greta of wesbank to let me know i have no chance here. if i dont pay they will collect sell and i must pay the outstanding balance. only for 3 months may i pay 50% but the other 50 % will be in arrears. i have been retrenched, i am 54 years old and white. where am i going to get work with BEE and AA. here is their letter Good day Mr P Van Dyk We thank you for your email, and we are sorry to hear about your retrenchment.

Regrettably there are no policies on your account that can assist in this event. Therefore, your account must be maintained.

Options 1 : available if you are unable to maintain the instalments are as follows: 1)Vehicle to be sold privately and settlement amount to be paid in full. 2)Vehicle to be sold privately and third party to apply for finance through our Private to Private finance department whom can be contacted on ***. 3)Vehicle to be returned to the Bank through the Voluntary Surrender Notice process. The vehicle to be collected and held in storage. After 10-15 days the vehicle will be placed on public auction, and if there is a shortfall with the auction, you will be liable to pay the shortfall back to the Bank. This process does affect you credit profile.

Option 2

We are however able to assist for 3 months only where we allow you to pay 50% of your installments (the balance of the other 50% will remain as arrears). At the end of the 3 months you are expected to settle the arrears plus all additional costs and resume paying your normal installments. Should you choose to take this option, please advise us so we can block your debit order for the 3 months (we require 5 working days to be able to stop a debit order). The 50% payments will have to be made by Cash or by EFT. Kindly advise which option is suitable for us to action on your account.

Kindly find our FNB banking details below: Account Name: FNB Corporate Bank Type: Current Account Bank Account Number: *** (EFT) or *** (CASH) Branch Code: 255005 Reference: 85 (Insert the correct vehicle account number in here) Please email proof of payment to ***

We would also like to bring to your attention the consequences of non-payment of instalments as per follows: • The arrears attract arrear interest that accumulates daily if the account remains in arrears. • Your credit bureau profile will be negatively affected due to the arrears and this may remain on your profile for at least 24 months even after the arrears have been paid.

As the Terms and Conditions to your Agreement stipulate that each instalment must be paid when it becomes due, any delay in payment breaches the terms of the agreement. Therefore, any payment arrangement made outside of the terms of the agreement, is exceptional and does not amend the existing agreement.

You may contact our Collections Division on ***/***or you may email them at *** for further assistance.