Motor Finance Corporation
BALANCE INCREASED AFTER MIGRATION

After many hassles to get my statement, I eventually received it with a higher balance than before. Before, migration my balance was R153, 00. then there was suddenly of R74090.88. Which is according to the statement is the Initial Finance Charge, this amount reflects nowhere in my documents which I received from MFC, and if there were such charges why were they not reflecting before and the documents I have from MFC have no R74K charge. Now my balance ballooned up to R227, 097.13... I may have not done accounting but Mathematics I am fully knowledgeable in, and there's still no explanation for a sudden addition of R74090.88

Company: Motor Finance Corporation
Country: South Africa
City: NEDBANK

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