In this video resource, Fiona and Michael bring the often dry subject of borrowing and managing debt to life. They start by looking at what debt is and the possible reasons why people get into it. Moving onto borrowing, they talk about the reasons why it may be necessary to do so, and look at the different ways in which this can be done. They cover secured and unsecured loans, student loans, and mortgages. The concept of credit is explained in clear and easy terms, including credit rating and credit reference agencies. The pair also looks at the dangers of credit, in particular credit cards and provide tips for sensible borrowing and to avoid getting into debt. Most importantly they give advice about what people can do if they get into debt and how to manage the problem.
In this video resource, Fiona and Michael bring the often dry subject of borrowing and managing debt to life. They start by looking at what debt is and the possible reasons why people get into it. Moving onto borrowing, they talk about the reasons why it may be necessary to do so, and look at the different ways in which this can be done. They cover secured and unsecured loans, student loans, and mortgages. The concept of credit is explained in clear and easy terms, including credit rating and credit reference agencies. The pair also looks at the dangers of credit, in particular credit cards and provide tips for sensible borrowing and to avoid getting into debt. Most importantly they give advice about what people can do if they get into debt and how to manage the problem.
General Note
Originally released by Video Education Australasia, 2012.
Streaming video file encoded with permission for digital streaming by Infobase on January 19, 2017.
Content Note
Going to University and Debt --(6:04) -- Credit Cards -- (3:55) -- Interest Rates and Loan Sharks -- (2:30) -- Gambling -- (2:49) -- Avoiding Debt: Help and Advice -- (3:35) -- Credits: Dealing With Debt: Because Money Still Matters -- (0:59).
