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