Standard Bank
Standard Bank Asset Finance

Three years ago I had a CC, when pucrhasing vehicles like this, you as a member have to sign surety. Which I dont deny, I resigned from the CC and started my own company. Then the CC went into liquadation. However in my own business I purchased three vehicles from STD.

Last year in Feb I purchased a private vehicle, at a very high interest rate of 14.5. Of which I have paid, then in Aug and Sep last year there were two debit orders that did not go through. However the DO were paid by EFT.

Now the bank is refusing any new finance based on the the DO that were returned a year ago. If they have to check my vehicle now then it would show that it has been paid up partly in advance. Nice one standard bank.

Oh and to those of you that read this, the bank love to have debit orders. Once your debit order does not go off, the put the vehicle in arrears for that month. Which does not sound like a big deal. However interest is added to your account over and above the high interest rate... Welcome to suckerville. Check my ITC and you will see my account are up to date. I would cancel my accounts STD but they are all the same.

Company: Standard Bank
Country: South Africa
City: Cape Town

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