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Responsible use of credit module overview

In this module:

When completing the module:

  • take your time, move at your own pace and take regular breaks;
  • sit in a quiet place; and,
  • write down any questions you may have and bring them with you to your in person counselling session.

Although the modules are presented in a certain order, it is important to remember that everyone is different, so your BIA Insolvency Counsellor can adjust your counselling to suit your needs. This may include changing the order of the online modules.

Responsible use of credit overview

The insolvency counselling process

An image of the insolvency counselling process
Description

The diagram shows a blonde woman with a pink shirt going along a dotted yellow path which represents the standard insolvency counselling curriculum process.

The diagram has a green background which resembles grass. The top of the diagram background is a light blue to resemble the sky. The words “Insolvency Counselling Process” are bolded and navy blue. These words appear in the centre of the light blue portion of the background.

At the top left-hand corner of the image, a grey cloud hovers over the woman’s head while she crouches at the start of the dotted yellow line. Underneath the image of the woman it says ‘Initial Insolvency Filing’ in white. A yellow arrow at the start of the dotted yellow line in front of the woman indicates the way forward. The dotted yellow line continues straight and then swerves down and to the left where it meets a circular image outlined in white. This circle is to the far left of the screen, in the middle. Within the circle there is an image of the blonde woman sitting in a chair across a desk from a light brown haired man in a blue shirt and a black tie. The man is sitting in a chair and has a smile on his face. The words ‘Meet with a Licensed Insolvency Trustee’ wrap around the top outside edge of the circle and are displayed in white.

The dotted yellow path continues, extending from the bottom left of the circular image, looping downwards and then inclining up to the right where it meets another circular image. This section of the dotted yellow path is labeled ‘Budgeting Stage’ in all capitals and is bolded in yellow. The second circular image is also outlined with a white border and is positioned slightly below and to the right of the previous circle. Within the circle there is an image of the blonde woman and a dark haired man with a black shirt sitting on a blue couch. Together they are looking at the laptop in front of the woman. The words ‘First Online Session’ are displayed in white and are wrapped around the top outside edge of the circle. The dotted yellow path extends from the top outside right of the circle and swerves upwards. The dotted yellow path connects to a third circular image outlined with a white border. This circle is slightly to the right and above the previous circle. Within the circle there is an image of the blonde woman sitting in a chair at a desk across from a dark haired woman in a black blazer and red shirt. The dark haired woman is standing up and pointing to the word ‘Budget’ written at the top of a white board. The word ‘Budget’ is written in capitals. On the white board there is an image of a pie chart below the word ‘Budget’. The words ‘First In-Person Session with Counsellor’ are displayed in white and the words are wrapped around the bottom outside of the circle.

There is a dotted yellow path extending from the right side of the circle and the path extends to the right and loops upward and then back down. The dotted yellow path connects to another circular image. This circular image is larger than the rest of the circular images on the screen and this larger circle is outlined with a bright yellow border to emphasise the importance of this circle. This circular image is to the right and slightly below the previous one. Within the circle there is an image of the blonde woman sitting at a kitchen table on her tablet. Across the table from her is the dark haired man with a black shirt and he is peeling potatoes. The words ‘Second Online Session’ are displayed in white and the words wrap around the top outside of the circle.

There is a dotted yellow path extending from the bottom of the circle. The dotted yellow path goes downwards and loops around to the right. Under the dotted yellow path the words ‘Planning for the Future Stage’ are displayed in all capitals and bolded in yellow at the bottom right of the graphic. The path connects to the left side of another circular image outlined in a white border. This image is below and slightly to the right of the previous circle. Within the circle there is an image of the blonde woman sitting in a chair at a desk across from the dark haired woman in a black blazer and a red shirt. The dark haired woman is standing up and pointing to a white board with the word ‘Goals’ written at the top of a white board. The word ‘Goals’ is written in all capitals. On the white board there is an image of a list below the word ‘Goals’ and there are 2 checkmarks next to 2 of the items on the list. The words ‘Second In-Person Session with Counsellor’ are displayed in white and are wrapped around the bottom outside of the circle.

The dotted yellow path extends from the top of the circle and extends upward and loops to the right and then slightly to the left until it reaches the top right side of the green grass background. The word “Success!” is displayed along the curve of the dotted yellow path. There is an image of the blonde haired woman standing up tall at the end of the path with her arms up in the air and a big smile on her face. On top of the image of the woman there is half of a sun appearing from behind the green grass background.

Congratulations, you are almost finished the online insolvency counselling modules (unless your BIA Insolvency Counsellor has customized your counselling and rearranged the order of the online modules to better suit your needs).

Now that you are nearing the end of your insolvency, the modules in the planning for the future stage will help prepare you for post-insolvency success by giving you the tools you need to help you stay on track.

Many financial goals, such as getting an education or making a large purchase, often require the use of credit. Using credit will let you achieve certain financial goals. Using it responsibly lets you remain in control.

Many people file for insolvency due to the overuse of credit. The objective of this module is to learn about credit and how to use it responsibly. You will learn what questions to ask and you will get a better understanding of your rights and responsibilities as a borrower.

image of debtor with counsellor

If you have questions, write them down and bring them to your in-person counselling session.

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