Quick answer: A debit order is a standing instruction that lets a company pull a fixed amount from your bank account on a set date each month. If the money is not there, the debit… 

Quick answer: An emergency fund is money set aside for unexpected costs, so a shock does not force you into debt. Aim eventually for three to six months of essential expenses, but start with any… 

Quick answer: The National Credit Act (Act 34 of 2005) is the law that protects South African borrowers. It forces lenders to register with the National Credit Regulator, check that you can afford a loan,… 

Quick answer: Debt collectors can contact you about a genuine debt and ask you to pay, but they cannot harass, threaten, call at unreasonable hours, shame you to family or your employer, add unlawful fees,… 

Quick answer: Loan agreements are full of jargon, and signing words you do not understand is how borrowers get caught out. This glossary explains 30 of the most important loan terms in plain South African… 

Quick answer: Loan apps are mobile applications that let you apply for a short-term loan straight from your phone. In South Africa, a safe loan app is run by a lender registered with the National… 

Quick answer: In South Africa you generally have the right to settle a loan early, and on smaller, short-term agreements there is usually no early settlement penalty. Settling early saves money by stopping future interest… 

Quick answer: An emergency loan is a small, short-term loan meant to cover an urgent, unexpected cost, a burst geyser, a car breakdown, a medical bill, until your next payday or over a few months.… 

Quick answer: A garnishee order, properly an Emoluments Attachment Order (EAO), is a court order that makes your employer deduct money from your salary to pay a debt. It must be based on a real…