I have taken up a loan with Old Mutual, in which they refer to it as My Money plan.
This loan was to help me be able to mantain my monthly instalments as I was more indebted and I wanted a bit of relief from the high int charges and payments i was making. Old Mutual offered me a loan to pay my debtors an amount of R 61622Nedbank loan R 48 172.00 montlhlt instalment R 2053.00Direct Axes loan R 5357.00 monthly instalment R 284.00African bank Total debt R 61622So when i aplpied for the loan @ old mutual, i was told that the instalment would be R 3929.94 and i declined she then told me (the consultant who was assisting me @ the branch told me that my monthly instalement will be R 1044.04 will be debited monthly back into my account) And in this conversation my Jet account was also going to be settled, the only thing that was going to be left behind was my Absa credit card because she said its a revolving loan. To my surprise in May, the money did not come through and i called the call center to ask, only then was i explained what was this loanwas this loan Now from someone who wanted to decrease. From the 15/06/2012 I have been paying R 3929.94 monthly and they pay me back R1044.04
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