Providing Debt Management Services

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 or information 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, education