A Financial Terms

Administration Order

Legal

A court order available to consumers whose total debts do not exceed R50,000. An administrator is appointed to manage your debt repayments. It is reco...

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Adverse Listing

Credit

A negative entry on your credit report indicating missed payments, defaults, judgments, or other delinquent credit behaviour. Adverse listings remain ...

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Affordability Assessment

Loans

A mandatory evaluation that lenders must perform under the National Credit Act to determine whether a borrower can afford the loan repayments. It cons...

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Annual Percentage Rate (APR)

Loans

The total yearly cost of borrowing expressed as a percentage. APR includes the interest rate plus all fees and charges, giving you the true cost of a ...

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Arrears

Loans

Payments that are overdue. If you miss a loan repayment, you are said to be "in arrears". Being in arrears negatively affects your credit score and ca...

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