I have been banking with Standard Bank all my life, I have had loans which I paid up within months and I have always had a clean ITC. I have a RCP and overdraft with Standard Bank, I pay my Credit Life protection every single month. I was Retrenched and guess what I was just told, sorry Mrs Ely we do not cover Retrenchment only death and disability. So I would like to know how am I suppose to pay my accounts If I don not have an income??? Just like death and disability I am not working and not earning a cent? Why must I pay any insurance If I am not covered for something as important as retrenchment. I have finance with Nedbank and they cover me for 12 months! so I am definitely considering changing banks, I will tell my mother, sister and everyone else I know how a customer such as myself with a clean credit profile will now become a credit defaulter because the bank I was so loyal to for all these years cannot assist me.
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