C
Credit
Credit Bureau
An organisation that collects and maintains consumer credit information. South Africa's main credit bureaus are TransUnion, Experian, Compuscan (now XDS), and the Information Trust Corporation (ITC). Lenders report your payment behaviour to these bureaus.
Usage Examples
"I requested my free annual credit report from TransUnion, one of South Africa's major credit bureaus."
"The lender checks your record at a credit bureau before approving your application."