CeMAP 1 Topic 21

Topic 22 is all about consumer credit — and if you’ve ever wondered what counts as credit, how APRC works, or why payday loans are such a hot topic, this one’s for you. In this episode, we break down everything you need to know to tackle this section of your CeMAP 1 exam with confidence. Expect clear explanations, examples you’ll actually remember, and a few tips to help you avoid the common traps examiners love to set. Here’s what we cover: ✅ What consumer credit is and how it’s regulated ✅ Understanding APRC and why it replaced APR ✅ The key features and risks of payday loans ✅ Who needs to be qualified under CONC rules ✅ How consumer credit fits within the wider UK financial system 🎧 Listen now and boost your understanding before moving on to the next topic. 💻 Ready to go further? Try 12 hours of free CeMAP e-learning here: https://learning.futureinfinance.co.uk/courses/cemap1 📚 Or join the 6 Weeks to CeMAP programme and get fully exam-ready with structured study, live support, and a community cheering you on.