Ok, so I just bought a 2007 Nissan 1400 bakkie got my finance throught Nedbank. I am blacklisted took out the loan on my wife's name. The bakkie cost me 55000 rand Nedbank chreges me with interest 122000 thousand rand over a 60 month period. So we call to find out why we are paying back so much, they say because of my bad credit rating i got charged more. Does this make sense because I have a bad credit rating i now pay more than the normal person. I am blacklisted because i struggle pay accounts so for this i now need to pay more how does a person ever get out of debt if the banks no charge you more than the good credit rated person we should all be treated equally. I need this vehicle for work, I would not have bought it at all if i had a choice. But to pay 122000 for a 1400 nissan bakkie is ridiculous.
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