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Section 8 of the ANCA defines what a credit contract is and divides the definition into four categories. If the debt board has not been successful, the lender has no choice but to initiate enforcement proceedings within the meaning of the NCA. The regulations provide that different categories of consumer credit information can be retained by credit bureaus. For example, civil judgments may be fully informed, for the first suppliers or suppliers operating in South Africa, of the impact of NCA on transactions in which they authorize any form of deferred payment, fees or fees. They should regroup in a way that is not untimely and be aware of alternative methods to act. Different types of credit contracts are subject to different interest rates: personal credit contracts vary depending on the type of credit issued to the customer. Customers can apply for credit cards, private loans, mortgages and revolving credit accounts. Each type of credit product has its own industry credit contract standards. In many cases, the terms of a credit contract for a retail credit product are made available to the borrower in his or her credit application. Therefore, the application for credit can also be used as a credit contract.

The rental of personal property – that is, no land or dwelling – would include, for example, a fax machine or a motor vehicle, with rent in increments, fees and interest. (If interest and fees are not collected, it is not a credit transaction within the meaning of the law).) The total slices generally amount to the value of the article let. Once all payments are paid, the property is transferred to the consumer. This goes against the general right to rent. However, if the agreement provides that the property remains in the hands of the owner, it is still a credit transaction within the meaning of the law. The law contains detailed provisions for bank statements. The regulations prescribed the form and content of declarations for small agreements. Credit providers are required to provide consumers with regular bank statements, usually once a month (but every two months for temperature purchase contracts).