call me if you lost money in account

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Re: call me if you lost money in account

Post by Chitunguza » 19th October 2012, 16:45

April,

thanks. Unfortunately, I'm a hopeless case. I do not comprehend many of the terminology you used.

Right now if you were to put a gun to my head and force me to explain what "to cater for the months i was not going to service the loan rite" means, I'd say shoot, and get over with it.

Re: call me if you lost money in account

Post by april » 19th October 2012, 12:50

Chitunguza, just go thru slowly you will eventually get my point.

Re: call me if you lost money in account

Post by Chitunguza » 18th October 2012, 17:32

April,

If I understood even half of what you just wrote, I woulda been able to give you some sound advice.

I got lost right there between the 7m balance and the 5m "to cater for the months i was not going to service the loan". After that point, it was all downhill for me. You are banging me in credit reference bureaus and bank of Zambia regulations and I don't even know where the hell I am. yai mwandi

Re: call me if you lost money in account

Post by april » 18th October 2012, 13:28

Ken, you are not alone...i got a loan from Barclays at the time it was K16m i paid almost 3/4 they wrote to us to refinance our loans which i did ..if am not mistaken the top up was just K7m ok...so i decided to switch banks i carried forward the balance of less than K7m so i put a lump sum of about K5m to cater for the months i was not going to service the loan rite....now what happened next was i found myself being taken to credit reference bureau without my consent ..the explanation they gave was that those are bank of zambia regulations that if you dont service the account then you have to be taken there [crb] the question is do the banks take someone to crb without consulting?

Re: call me if you lost money in account

Post by Kennedy wilson » 26th October 2011, 18:29

Dear Zambia,
I write to seek guidance from the THINK TANK on this forum.
I started up a business in Zambia a couple of years back as a pilot project. Did well for a few months, and decided it was time to implement the plan fully. Unfortunately it took a lot of time to break even, and had to struggle a little bit, just like every good business. In my struggle,i took out a Barclay loan, through my then employer as i was full time employed and doing the business in question on part time basis. I quit my job, and all my terminal benefits were paid into bank to offset the loan. I spoke with Bank of my situation, and told them i would not make regular payments on the remaining loan amount as i was out of employment for quite sometime, and left the zambia, after hiring someone help on my business.I have all the time maintained my Barclay personal account, as a conduit for servicing my loan. It took me some long time before i could start making payments towards the loan, though in the meantime the bank would once a while go into my personal account and withdraw sums like 13 MILLION kwachas , though not regularly. I called the bank and offered 2.5 Million kwachas monthly while my business picked up. It was agreed, and for the past 12 months they continued to deduct that amount. All of a sudden i work up one morning check my statement, i discover they had deducted 5million k, and also 20million k, in the same month, without my permission, no prior notice of any form of communication sent to me. I felt violated,and financially insecure for a moment...
My question is how much power do banks have in zambia to go into my account and get money from my account.....without my consent? I know this happens in other countries but only with a court ruling ,i have never seen or experienced anything like this. Before i persue the legal route against the bank, i wanted to learn from you guys....
I know owe the bank, but how much say do i have? i was accumulating money in this account infect to pay them off, but i felt abused when this happened.... Is there anywhere i can read about bank rules in zambia or anything helpful? i tried bank of zambia website, didnt get much help
Any help welcome

Re: call me if you lost money in account

Post by Guest » 26th July 2011, 17:15

joshua jere wrote :
> Dear Zambia,
> pls help me connect with people who have lost money from their accounts
> regardless of which bank.I'm a journalist working for znbc.pls call me on
> 0977750531 or email me on joshua.jere@gmail.com

call me if you lost money in account

Post by admin » 23rd July 2011, 08:50

Please send your experiences on this subject directly to Mr. Jere for his professional investigation of the issue. You can send him a text/call on his number above.

Thank you.

Re: call me

Post by BaMudala » 22nd July 2011, 22:08

BaMudalaaaah!! By that code word. You know which guy has sent you this post, Joshua.Yours MSF97......Keep up your supa good character.

call me if you lost money in account

Post by joshua jere » 22nd July 2011, 19:40

Dear Zambia,
pls help me connect with people who have lost money from their accounts regardless of which bank.I'm a journalist working for znbc.pls call me on 0977750531Dear Zambia,

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