Identify who offers the credit, who receives your application and who merely introduces options. These roles can belong to different companies.
What to check
- The contracting company
- privacy notice and complaints contact
Ask for the amount actually paid out, every required payment and its due date. Put two quotes on the same basis before choosing.
A decision to avoid
Assuming the website that displays an offer is the company lending the money.
A calculation you can check
Illustration only: cash received R2 000; three payments of R750; a separate required charge of R50. Total paid = 3 × R750 + R50 = R2 300. Difference from cash received = R2 300 − R2 000 = R300. This difference is not an annual interest rate. Include the charge only if it is outside the three payments; do not count it twice.
Questions about this decision
What should I check first?
Identify who offers the credit, who receives your application and who merely introduces options. These roles can belong to different companies.
Which information do I need for this decision?
The contracting company, privacy notice and complaints contact.
Which mistake should I avoid here?
Assuming the website that displays an offer is the company lending the money.
How do I check the contracting company?
Locate the actual dated record for The contracting company. Compare it with the other records in this checklist; ask the organisation responsible for any unexplained difference.
How do I check privacy notice and complaints contact?
Locate the actual dated record for privacy notice and complaints contact. Compare it with the other records in this checklist; ask the organisation responsible for any unexplained difference.
What should I do if a required detail is missing?
Mark it as unresolved. Ask for that precise detail before choosing; do not substitute an advertised example for your own document.
What is the next practical step?
Ask for the amount actually paid out, every required payment and its due date. Put two quotes on the same basis before choosing.
How can I verify the explanation?
Use the documents listed above. Check quoted amounts and dates in the original record; use the official reference links for the organisation’s guidance.
