I applied for restructuring for payment on my vehicle. To my shock and dismay, it was declined. The reason given me was that my inability to pay is because I "took a low paying job on purpose". Whether I took a low paying job on purpose or whether life forced me into a lower paying job, what matters is that I am unable to pay and am thus asking for lowered instalments so that I don't default.
I don't get the logic. Is it better for me to default and have my car reposed than it is for Wesbank to lower my instalments?
(Supplier name changed from First National Bank to Wesbank by Hellopeter.com)