YOUR MONEY | 15 credit terms made easy

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(Photo: GALLO IMAGES/GETTY IMAGES)
(Photo: GALLO IMAGES/GETTY IMAGES)

In March this year, credit bureaus had the records of 27,5 million credit active South Africans, but unfortunately they also had on record more than 10 million accounts in arrears.

In addition more than 25 000 disputes were lodged with credit bureaus regarding potentially faulty information appearing on credit records.

Here’s a useful list of credit terms to help you navigate more easily around any accounts, debt letters or credit information you may receive.

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