Code: 2.8.1 · Adults
Understands the potential burden of being indebted
Recognises the relationship between current debt levels and financial well-being now and in the future
Knows how to manage debt repayments
Understands why it is important to manage the ratio of (household or individual) debt to income
Understands the implications on credit scores of failing to pay debts
Takes early action to avoid or minimise debt problems
Monitors overall credit use
Makes an informed decision before accessing additional credit to repay current debts
Motivated to resolve issues related to credit before debt becomes a burden
Accepts responsibility for debt and debt management