Code: 2.7.6 · Adults
Repaying credit
Descriptors
Knowledge
What you can do at this level
- Kresiliencedaily-life
Understands the relevance of trying to pay more than the minimum balance on flexible credit commitments
Skill
What you can do at this level
- Sresiliencedaily-lifelarge-majority
Makes timely repayments on all credit commitments (unless personal circumstances deteriorate)
- Sresiliencedaily-lifelarge-majority
Repays the maximum possible (taking into account budget constraints) on short term credit or rotating commitments
- Sresiliencedaily-lifelarge-majority
Considers the overall financial benefit of repaying credit early and takes an informed decision about doing so when funds allow
Attitude
What you can do at this level
- Aresiliencedaily-lifelarge-majority
Confident to manage credit commitments
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.
- A — How you approach things: values, dispositions and behaviours.