Confronted Nedbank and told them I want to consolidate my loans and credit cards as I was financially restricted and wanted to get rid of it quicker.
The loans consultant at that time was very quick about it even tho she was on a 5 minute telephone conversation with a friend (they where talking about some rude comment a mutual friend made).
I asked her how will this loan ease my financial constraint. She said a few stuff and showed me the place to sign. This I did.
First deduction I knew was going to be more than the rest. Thats fine. But by the 3rd premium things where not quite changing and month 4 (I was in arrears). Late fees, bank charges, debit order not going through charges, interest on amount and extra amount outstanding.
I now owe Nedbank double what I had to pay back with interest.
I have lost my home, had to send my mother to her friend and my brother to his friends.
During downscaling I auctioned inhereted furniture and now, I have lost everything. Nedbank borrowed me money which I COULD NOT AFFORD. And I trusted them.
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