AfricaComplaints.com » Business & Finance » Complaint / review: Motor Finance Corporation - MFC account issue | #320406

Motor Finance Corporation
MFC account issue

I purchased my vehicle in february 2008 through MFC original purchase price of R289.239.99 with an interest rate of 17, 51% fixed
I have paid my vehicle diligently for the past 3 years and in the last 2 years i have had a bit of difficulty paying my vehicle due to being unemployed and trying to start a new business, i have tried my upmost best to keep up my payments, I received a statement on my vehicle on the 15-04-2013 with a balance of R137.420.64 owing, I then received another statement on the 26-06-2013 with a balance of R173.323.12 owing, they then added on R61.556.91 as a restructure amendment which i have no clue of why this was done and has brought my total owing to R234.890.03, i then made a payment of R10000 on the 03-07-2013 bringing my balance to R224.890.03, I then made another payment on the 24-07-2013 of R3400 bringing the balance to R221.547.03, i then paid another R3500 on the 19-08-2013, i then quaried my account and was told MFC changed there system and it amended my account and it would be rectified and i would be informed of what to pay once it was amended, i had not received any calls, now i am getting calls that my car will be reposessed, MFC still cant help

Date:

Company: Motor Finance Corporation

Country: South Africa   City: Head office

Category: Business & Finance

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