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Bank repossesses car for SR10
Published in The Saudi Gazette on 07 - 04 - 2008

A local bank repossessed a man's car because he was late in paying SR10.
Abdullah Al-Maalawi had bought the car on installments, and showed documents proving that he has been paying the bank on time.
He said that one day his car suddenly disappeared. When he called the police, an officer told him to check with the bank, since they might have repossessed the car for delayed installments.
To his surprise, Maalawi found his car parked in the bank's impoundment lot.
When he phoned the bank, he was told that the last installment he had paid was SR10 short, so according to the bank's regulations, the car had to be repossessed, and he won't get it back unless he pays his dues.
A bank official, who wished to remain anonymous, said that the bank's computer system only shows the names of clients who are late on their payments, but without showing the due amount. He added that the employee in charge of the account normally immediately reports the car to be repossessed. __


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