RMB has attempted to get me to sign a credit agreement, in place of what I have agreed prior, without discussing this change with my wife and I. This credit agreement was done against the prescribed procedure as per Section 80 & 81 of the National Credit Act. Upon signing this, it would have placed me in a very difficult position and resulted with me defaulting in my obligations to RMB by month 2. I called my relationship manager, Raymond Buthcer, who said this is how RMB deals with clients who are experiencing financial problems, i.e. increase their monthly obligations effectively and I should just sign the document. I have also sold one of my properties that is held as security over a loan account RMB gave us. I have been told by Mr Butcher should I not sign the new credit agreement, they will not allow the sale to proceed, i.e. they will not sign the necessary documents which are required by the attorneys to continue with transfer of the sold property. 3 simple questionsIN THIS CHANGE OF FACILITY, HAVE YOU OR HAVE YOU NOT ATTEMPTED TO INCREAS MY MONTHLY INDEBTEDNESS WITHOUT ME KNOWING? WERE WE EVER CONSULTED ON THIS PRIOR TO ME GOING TO SIGN BY ATTORNEYS? WAS AN ASSESS. DONE ON ME
(Supplier name changed from Rand Merchant Bank – Corporate and Investment Banking to RMB Private Bank by Hellopeter.com)
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