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Unit 2 Topic 9 - Coggle Diagram
Unit 2 Topic 9
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they are using the product, for example changes in their personal circumstances or
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unsuitable products, consumers should remember that there is always a risk. Nobody
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example, the rate of inflation might rise significantly and the Bank of England would
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to make an informed choice. Once they have chosen a product, they need to stay
informed during the period they are using the product. For example, if they have
chosen to borrow money on a credit card, they need to
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they are using the product, for example changes in their personal circumstances or
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Everyone has to arrange their finances, in order
to fit their expenditure to their income, plan for the future and be able to achieve
their wants and aspirations in the medium term and long term. However, most people
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should be able to distinguish between good, sound advice and information that is
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product – a savings account, for example – they can
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The provider should point out to the customer any costs, penalties or other obligations
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circumstances. For example, someone opening a current account should be aware of
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