Micro Course – Understanding Credit Agreements

This course covers various aspects of consumer credit, including the definition of key terms, different types of credit transactions, protection for juristic persons, regulated and unregulated credit agreements, the rights and duties of both the consumer and credit provider, and the role of credit institutions. Students will also learn about unlawful credit agreements, reckless credit, debt review, cooling-off periods, early settlement and surrender of goods, and the settlement of credit disputes. By the end of the course, students will be able to apply these principles to real-life situations and provide appropriate advice.

SACOB Micro Courses are not accredited and are intended to offer you knowledge and skills in a particular field and is a non-credit bearing course.

 

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Description

This course covers various aspects of consumer credit, including the definition of key terms, different types of credit transactions, protection for juristic persons, regulated and unregulated credit agreements, the rights and duties of both the consumer and credit provider, and the role of credit institutions. Students will also learn about unlawful credit agreements, reckless credit, debt review, cooling-off periods, early settlement and surrender of goods, and the settlement of credit disputes. By the end of the course, students will be able to apply these principles to real-life situations and provide appropriate advice.

Accreditation

This is a SACOB Short Learning Programme or Short Course.

Overview

1.1 Introduction
1.2 Key terms and definitions
1.3 Application
1.4 Terminology
1.5 Small, medium & large credit agreements
1.6 Unlawful credit agreements and provisions
1.7 Consumer's duties
1.8 Consumer's rights
1.9 Debt review
1.10 Credit provider's rights
1.11 Reckless credit
1.12 Miscellaneous
1.13 Credit institutions
1.14 Summary

Qualification

Certificate of Completion of SACOB Micro Course

Requirements

This course is suited for anyone who is wanting to gain knowledge and understanding within the field. There are no specific entrance requirements.

Duration

4 weeks

Packages

Online Standard:

- Coursebook Access
- Concept Videos
- Section Quizzes
- Practical Examples
- Unit Summaries

Assessment

Final Online Quiz

What's next

You are now eligible to further your studies and sharpen your skills with more short courses or take it a level up and go for a professional body certification to build onto these vital skills.

Check them out here