Loan rejection leads to $190k withdrawal – in small notes

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Thu, 23 Jul 2009 12:00a.m.

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Roger Griffiths is a Kiwi artist whose paintings have exhibited from Christchurch all the way to New York.

Roger Griffiths is a Kiwi artist whose paintings have exhibited from Christchurch all the way to New York.

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Comments

24/07/2009 2:19:31 p.m.

harry wrote:

REad the artical ,the guy is an artist,he would not know when he will sell his next work or how many.As he is not on weekly pay all he can do is guess.with his large deposit the bank cant loose

24/07/2009 1:23:57 p.m.

Rose wrote:

We have withdrawn all our thousands from Westpac too after being subjected to abuse by staff members and by the area manager who said he didn't want our type of customer! All this after trying to get answers from frontline staff who didn't speak enough English. The choice of frontline staff at the Westpac Mid-Queen St branch was limited to the Asian gent spoken about above and a NZer who continually chews at the skin around his fingernails whilst serving you. He's been doing it for years, previously at the K Rd branch. I'm surprised he still has fingers. We were about to apply for a mortgage but after this debacle we withdrew all our money and went to TSB. Sadly, we now have a complaint with the Commerce Commission after being lied to by a staff member and misled by their advertising claims. Are there any good banks in NZ? All I want is CUSTOMER SERVICE.

24/07/2009 10:44:49 a.m.

Ricki wrote:

Banks are arrogent, there is very little loyalty, they either want you or they dont, history means nothing to them anymore, and its a battle, the strongest wins, if your not strong enough in their eyes then your out on your arse. What this guy did was a protest, it will cost him more than it cost the bank.

23/07/2009 9:48:36 p.m.

Tony wrote:

I agree, this is a silly story. I can't believe some of the stuff that makes it onto the news/Campbell Live lately. Besides, the story seemed very one sided. I'm quite young and am yet to move into the world of mortgages and loans but even I know how the system works. I don't feel sorry for this guy at all.

23/07/2009 8:23:29 p.m.

Rachel wrote:

Not really sure what 'lesson' this guy thinks the bank will learn. It sounds like he is refusing to provide income information and just expects them to give him a loan 'on trust'. Sorry, that's not how the world works. A large deposit and the security property provides over a loan is just part of the story - anyone who has a loan knows that debt servicing i.e. the ability to repay a loan is equally as important! People would be angry if the bank gave out a loan to someone with an inability to repay the monthly payments, all they are asking is this guy proves he can service the debt. What a silly story.