I did an online loan application with EC Finance and was then asked to send through my payslip, bank statements, etc. I applied for R10K, the Online application but the offer received was only for R9055. Then they subtract a whole lot of joining fees and I don't know what all and in the end I only get out R7000, but I pay back on the R9055. R1900 and some odd instalment over six months. I decided against this offer. On the 23rd of the month they deducted R76 off my account for some admin fee after my online application clearly stated that my salary date was 25th unless this fell on a weekend, and then it would be 26th. This resulted in a bounced debit order on my account - an account I have managed very well for over three years with no bounced debit orders EVER. And now one for R76. Plus the R7 debit order charge, plus R28 bounced debit order fee. EC Finance claims that it is in their terms. I certainly did not see it and it was clearly very fine print. In my opinion - - out to distort money from people who are already struggling. The wheel turns and do not stay in business long, especially with websites like this to expose them on.
0 comments