Latest update March 16th, 2025 7:09 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

NBS seems reluctant to update customers status after repayment

Mar 25, 2024 Letters

Dear Editor,

Kaieteur News – It is often said that the greatest sin is to be poor and to uplift your life, you need to borrow from the banks. Borrowing from banks is easier said than done. On the 10th of November last year, I repaid my last mortgage installment to the New Building Society (NBS). Breathing a sigh of relief and thinking that I was over with the fees from the beginning, I was told that I have to pay an additional $20,000 for “cancellation of the mortgage”. Reluctantly, I paid the same.

In the meanwhile, I applied for a commercial loan from IPED, NBS not offering loans in this category. That loan has been approved but I cannot get it since the interconnected banking system continues to show  that I am still indebted to NBS.

I contacted NBS and was told  that the cancellation documents were with their law firm. I contacted the law firm and was assured that they had done their part in my “mortgage cancellation” since the 8th Dec 2023.

A visit to IPED on Monday 18 March 2024, it continues to show  that I have a mortgage  with  NBS.

This is frustrating. It seems that NBS after having the best of its  customers in the form of interest and fees, care less about updating the customers’ status as a non-debtor to NBS in the  interconnected  banking system.

Yours respectfully,

Disgruntled customer

Similar Articles

The Glenn Lall Show|| March, 14th, 2025

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

Guyana finish Group Stage in Third Place, set for Bronze Medal match at 2025 Junior Pan American Challenge

Guyana finish Group Stage in Third Place, set for Bronze Medal match...

Mar 16, 2025

Kaieteur Sports- Guyana’s Junior Women’s Hockey Team delivered their most dominant attacking performance of the tournament in their final group-stage match against Trinidad & Tobago at the...
Read More
Puerto Rico’s Carolina heading to Georgetown for historic One Guyana 3×3

Puerto Rico’s Carolina heading to...

Mar 16, 2025

All set for today’s horseracing action at Kennard Memorial Turf Club

All set for today’s horseracing action at...

Mar 16, 2025

Slingerz FC to face East Coast All-Stars in preparation for Elite League campaign

Slingerz FC to face East Coast All-Stars in...

Mar 16, 2025

GFF Inc. President Wayne Forde makes official visit to newly elected Fruta Conquerors FC Leadership

GFF Inc. President Wayne Forde makes official...

Mar 16, 2025

Wharton nets four in opener, as Williams’ hat-trick help Dolphin to 8-0 win

Wharton nets four in opener, as Williams’...

Mar 16, 2025

Features/Columnists

  • No ringing endorsement

    Peeping Tom… Kaieteur News- The International Monetary Fund (IMF) is a cautious beast. It does not bare its fangs unless... more

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]