Your Journey Out of Debt

Understand how credit works and how to take control of debt with a low income.

You will learn:

• learn what credit is and how it works
• understand the difference between good debt and bad debt
• the cost of debt, particularly bad debt and only making minimum payments
• how payday loan companies operate and the cost of borrowing from them
• understand how debt can pile up and how this can have negative consequences on future financial plans
• learn how to take control of debt, including assessing the amount of debt, debt repayment options, dealing with creditors, and collection agencies and rules