SUBJECT MATTER |
COMPETENCIES |
---|---|
1. The concept of debt management |
√ To explain the concept of debt management and the benefits it can provide to consumers. √ To explain the role of a debt advisor and the letter of engagement. |
2. Legal principles |
√ To explain the main elements of a valid contract, how a contract is discharged and the remedies for breach of contract. √ To understand the covenants given by borrowers as part of the terms of a loan agreement and the potential consequences arising from the breach of a covenant. √ To understand the responsibilities and potential liability of a professional when providing advice to a consumer. |
3. Consumer debt |
√ To understand the most common causes of consumer debt. √ To assess different types of creditors and credit arrangements. √ To understand the different types of debt, including secured and unsecured loans, loans with and without recourse, taxation, utilities and other debts such as household, educ |
Status: In force
Version date: 1 June 2014 - onwards
Version 1 of 1