Below are some of the initial topics to be covered under the programme.
-Read Terms and Conditions before accepting. Look at the small print, which explains all the terms and conditions.
-Make sure you understand exactly what it means if you borrow money.
-You must ask the creditor to give you all the information which will be made in a language that you can understand.
-Remember it is cheaper to repay loans over a shorter period.
-Ask what the interest rate is and work out what this means for you.
-Compare interest rates.
-Remember that interest rates could change, and your instalment could increase.
-Calculate extra costs like administration fees into your installment.
-Budget for repayments
-Pay debts on time.
-Inform your creditor ahead of time if you cannot repay and make a new arrangement with your creditor.
-Keep your PIN private.
-Never give your details over the phone unless you called the person or know exactly who you are talking to.