Risks Of Taking A Credit: Difference between revisions
From Open Risk Manual
Wiki admin (talk | contribs) No edit summary |
(No difference)
|
Latest revision as of 16:35, 1 April 2022
Definition
Risks Of Taking A Credit. In the context of the Financial Competence Framework, Risks Of Taking A Credit is a topic in the Planning And Managing Finances subject matter domain.[1]
Competences
Mastering the role of Risks Of Taking A Credit in financial literacy context requires the following competences:
Code | Competency Description | Competency Type |
---|---|---|
298 | Aware of the potential negative consequences of borrowing to meet a shortfall in current income | Knowledge |
299 | Understands the risks and benefits of using different kinds of credit providers (both formal and informal) | Knowledge |
300 | Aware of the specific issues of taking credit in a foreign currency | Knowledge |
301 | Aware of the risks of repeat use of rotating credit facilities | Knowledge |
302 | Aware of the risk of foreclosure in case the mortgage is not paid off | Knowledge |
303 | Assesses the risks, benefits and potential consequences of using a particular credit provider | Skill |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union