Absa
Home Loan declined with stupid reasons

Our home loan application was declined. The reason given was that we never declared car installments and our Outsourance installments as per your credit check, and that there is no proof that we have the funds for the deposit and cost. The cars were sold months ago and we submitted letters of settlement from MFC to proof that. The outsourance premium you found during the credit check is months old because the insurance on the vehicles were removed and we now pay less. Proof of this was also submitted. You never asked us to supply the funds required. you never even gave us that oppurtunity. Because your credit check came back with old information, months old to be exact, you decided that we are lying in our application. What I find disturbing is that we have been banking with you for 15 years and have a superb credit record. FNB gave us a 100% home loan. Standard Bank gave us a 100% homeloan. You, well, you just gave us excuses and the run around. We will be closing all our accounts. Our investments will also be closed. Your action is insulting and degrading. You disgust me.

Company: Absa
Country: South Africa
City: HomeLoans

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