Glossary Part 3

Question 1

Founding Affidavit (FA)

Answer 1

Statement by DC under oath in application seeking relief against CPs.

Question 2

Confirmatory Affidavit

Answer 2

By consumer confirming details of FA falls under personal knowledge.

Question 3

NPRL

Answer 3

Non payment risk letter

Question 4

NCRL

Answer 4

Non compliance risk letter

Question 5

Depodent

Answer 5

Witness statings facts within personal knowledge.

Question 6

In duplum

Answer 6

Interest cease to run when accrued to same amount as debt.

Question 7

Summons

Answer 7

Notice that CP intends to take you to court regarding unpaid debt.

Question 8

Pay-off smaller debts first to have more money available for larger accounts.

Answer 8

Cascading effect

Question 9

Formal letter of demand from creditors before taking legal action

Answer 9

Section 29 letter

Question 10

When is a section 29 letter sent out

Answer 10

If credit agreement has been in arrears for more than 20 days.

Question 11

EAO

Answer 11

Emolument Attachment Order: Ask debtor’s employer to make deductions from their salary.

Question 12

Garnishee order

Answer 12

Deduct funds directly from your salary if failed to make payments following judgement.