View Unit : General Money and Debt Advice Principles

Unit

Unit Reference Number

F/600/9214

Qualification Framework

QCF

Title

General Money and Debt Advice Principles

Unit Level

Level 2

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

15.1 Accounting and Finance, 15.5 Law and Legal Services

Unit Grading Structure

Pass

Assessment Guidance

None

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Understand how to establish the cause and extent of personal debt.	1.1	Describe common causes of personal debt.
1		1.2	Describe the importance of establishing the cause and extent of personal debt.
2	Understand how to compile an effective budget.	2.1	Describe key components of an effective personal budget.
		2.2	Describe why household expenditure may be above or below average.
		2.3	Identify common priority and non priority debts.
		2.4	Identify ways that people could maximise their income.
		2.5	Identify ways that people could reduce their household expenditure.
3	Understand emergency situations in relation to debt and money advice.	3.1	Identify emergency situations when specialise advice is required.
4	Understand how to offer appropriate money and debt advice.	4.1	Describe techniques to ensure effective money and debt advice.
		4.2	Outline liability issues in relation to personal debt.
		4.3	Identify the main debt solutions.
		4.4	Outline the importance of maintaining contact with creditors.

Equivalent Units

There are no equivalences to display.