Code: 2.8.3 · Adults
Aware of the implications of not paying a credit installment and aware of the debt recovery process
Aware of potential grace periods and public support measures to help repay debt
Knows where to go for help to reduce debt burden (when necessary)
Understands that certain debts may have to be prioritised over others if they become unmanageable
Understands that consumers have rights and responsibilities when managing debt
Informs creditors before the due date of a repayment if it is impossible to pay
Applies for over-indebtedness procedure, when relevant
Confident to speak to relevant parties to discuss debt management and repayments