Money SOS: the Basics of Borrowing

Events - England

Starting 21 Feb 2024 - 11:00 through to 21 Feb 2024 - 12:30

Created by

REGISTER FOR FREE HERE:  Money SOS an intro to borrowing

What is this event about

Refresh your knowledge about important elements of money guidance from understanding and being able to explain to others concepts such as APR (Annual Percentage Rate), payday lenders, improving credit score and more.

 

About Bradford District Credit Union

Bradford District Credit Union (BDCU) provides low cost loans and safe savings accounts and they support people to save wisely and borrow affordably. They help their members to avoid the financial exclusion and poverty that prevents them from participating fully in society.

 

Who is this session for?

All money guidance practitioners who wish to learn, or refresh their knowledge, about key money issues faced by growing numbers of people in England, especially around borrowing.

 

Learning points may include but are not limited to:

  • What is APR
  • What is a payday lender
  • Dangers of a loan Shark
  • Contactless and budgeting
  • How overdrafts work
  • How to build your credit score
  • What is a credit union

 

Money Guidance Competency Framework:

Technical domain- Tier 3 Borrowing

"This domain is about issues relating to borrowing, including: the main sources of credit and lending; illegal and informal money lending; secured and unsecured borrowing; the costs of borrowing; credit scores and credit history; buying a home; scams."

https://maps.org.uk/en/our-work/money-guiders/competency-framework/technical-domains/3-borrowing

Speakers

Ian Brewer, EDI Community Development Lead, Bradford District Credit Union

Event host: Lucille from Money Guiders England

Accessibility

The event will take place on Zoom. Auto-generated closed captions will be available as standard.

We will endeavour to share t he speaker's presentation in advance of the event with everyone who registers for the event.

If you have other accessibility requirements, please inform the hosts when you register and we will do our best to meet them.

 

Register for this event

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