Money advice
$5.95
6 word format
document in English
finance
presentation
published 07/10/2008
review : Completed
level : Advanced
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SummaryThe trend of people being subjected to financial difficulty is increasing. The easy access to credit may provide convenience but it can also lead to overspending and consequently, overindebtedness. Some life-changing events such as loss of job and divorce can substantially add to debts. Being overindebted, people tend to resort to subprime credit given that their credit rating is poor and deficient. This report is aimed at evaluating the area of subprime credit and presenting alternatives where overindebted individuals can ask for money advice services which can provide them solutions in improving their financial status. Also, related initiatives that can contribute in improving financial literacy and capability will be explored. It is also concluded in this report that the government, regulatory bodies, banks, money advice agencies, individuals and their family, and other stakeholders have roles to execute towards achieving financial capability skills important in effective and efficient managing and controlling finances.
Table of Contents
- Abstract.
- Introduction.
- The trend of people being subjected to financial difficulty.
- Subprime credit.
- The market for subprime credit.
- The subprime lending.
- evident growth in advertising by lenders.
- the market for subprime credit in America.
- The subprime crisis.
- Learning money matters.
- Consumer communications.
- Money advice as a measure.
- Entering into IVA.
- Regulatory bodies actively involved in regulating the organisations offering money advice services.
- Conclusion.
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