For Like minded people who like to see-
I certainly as on the Nabs case. How about unilaterally changing guarantors names on the leters of offer without informing the new guarantors and expecting us to sign and return within 17 hours with a sleep period of 8 -9 10 hours depending on the sleep pattern. We only had 1 -2 days before takeover because they were so slack with their documents although they had known for 60 days. 4 applicants applied for the loan but when the letter of offer and the guarantoee docs arrived in the 1 envelope they had changed the names adding a non applicant for the loan and removing 1 of the original applicants. Why didn't they tell us of the changes and what rights do they actually have for this. I asked this question and of course never received an answer. They never spoke to the new guarantor at all throughout the complete process as with the rest of the applicants or directors of the company. They are incredible. How do they sleep at night. The list of errors/ommissions goes on and on. including fraud I suspect but they seem to have an answer for everything. I love that they can loose files including our complete history although we have been with bank for 40 years.
Regards - Jenny
Jason Stewart said:I have had three more cases presented to me this week in regards to NAB SBS Perth and external advisers appointed. There seems to be a consistent trend in there behaviour and tactics based around the following.
Interest only Loans that have an issue with expiry dates (Market Facility Loans)
Perth Agribusiness (Names and individuals I will not post publicly)
Perth Stategic Services (Same as above)
Penalty Interest Rates
Adjustment to loans (Regarding Extra Covenents/ Monthly Reporting)
Misplacement of Legal Documents(Amazing)
CarmenLawrenceitus ( The inability to remember details of meetings or conversations)
Receivers illegally trying to take over businesses and premises
uncconscionable Business behaviour
Shrewd investers arriving like a seagull to a chip once business or property is seized
Deeds of forebearance (Which some are clearly fraudelent and would not stand in court)
Renegging on proposed offers, even when presented in writing.