Online Class: Debt Reduction

no certificate
with CEU Certificate*
-
11Lessons
-
13Exams &
Assignments -
1,529Students
have taken this course -
6Hours
average time -
0.6CEUs
Course Description
This course teaches the concept of debt reduction and shows students how to wisely manage credit and personal debt. It is based on the premises that there are a lot of lifestyle changes and financial decisions that one can make to take control of his or her financial position. However, most of the steps, procedures, and advice offered in this course can be equally helpful in managing personal finances with the ultimate goal of attaining financial freedom. By the end of the course, the leaner should be able to...
- Manage credit and debt effectively
- Increase income
- Control expenditure
- Save early for retirement
- Debt-proof his/her future
- Attain financial freedom
What Is Debt?
Debt is simply defined as an amount of cash borrowed by a person from another person, a financial institution, or the government. For instance, if you go to a bank and borrow $50,000, this will be considered a debt – you will owe the bank the $50,000 plus the interest accrued thereof.
Debt is used by both individuals and corporations as a way of making big purchases which they cannot afford under ordinary circumstances – purchases they can't finance upfront.
A debt agreement, also called debt arrangement, is the document used to give you the authorization to borrow the cash and the conditions under which you will repay the money at a future date, and often with interest.
Consumer debt refers to debts that arise from purchase of goods that do not appreciate in value and/or are consumable. Possessing some level of consumer debt pays off if the debt was incurred to purchase an asset needed to boost one's earnings. For example, borrowing to finance a car is a wise decision if you need it to travel to work at a higher paying job.
However, high level of consumer debt is not good because it puts too much strain on your income. If unchecked, consumer debt can lead one into the debt spiral and/or bankruptcy.
- Completely Online
- Self-Paced
- Printable Lessons
- Full HD Video
- 6 Months to Complete
- 24/7 Availability
- Start Anytime
- PC & Mac Compatible
- Android & iOS Friendly
- Accredited CEUs

Course Lessons
Lesson 1: The Concept of Debt
Lesson 1 Video
Lesson discussions: Reasons for Taking this Course
Complete Assignment: An Introduction
Assessment: Exam 1
Lesson 2: The Debt Spiral - Warning Signs
Lesson 2 Video
Assessment: Exam 2
Lesson 3: Young People and the Debt Trap
Lesson 3 Video
Assessment: Exam 3
Lesson 4: Mistakes that Keep You Stuck in Debts
Lesson 4 Video
Assessment: Exam 4
Lesson 5: Debt Reduction Plan – How to Become Debt Free
Lesson 5 Video
Assessment: Exam 5
Lesson 6: Dealing With Debt Management Agencies
Lesson 6 Video
Assessment: Exam 6
Lesson 7: Strategies to Boost Your Credit Score
Lesson 7 Video
Assessment: Exam 7
Lesson 8: The Path to Financial Security and the Time Values of Money
Lesson 8 Video
Assessment: Exam 8
Lesson 9: The Importance of Saving for Retirement Sooner Rather Than Later
Lesson 9 Video
Assessment: Exam 9
Lesson 10: Pain-Free Ways to Increase Your Income
Lesson 10 Video
Assessment: Exam 10
Lesson 11: Tracking Your Money: Budgeting
Lesson 11 Video
Review 2 Practice Worksheets
Lesson discussions: End of Course Poll; Course Comments; Program Evaluation Follow-up Survey (End of Course)
Assessment: Exam 11
Assessment: Final Exam
Learning Outcomes
- Describe what debt is.
- Recognize the debt spiral - warning signs.
- Identify the debt trap.
- Recognize mistakes that keep you stuck in debts.
- Develop a debt reduction plan.
- Describe strategies to boost your credit score.
- Determine the importance of saving for retirement sooner rather than later.
- Describe methods to track your money.
- Demonstrate mastery of lesson content at levels of 70% or higher.
Additional Course Information

- Document Your Lifelong Learning Achievements
- Earn an Official Certificate Documenting Course Hours and CEUs
- Verify Your Certificate with a Unique Serial Number Online
- View and Share Your Certificate Online or Download/Print as PDF
- Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media

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Includes CEUs | X |
Self-paced |
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Instructor support |
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Time to complete | 6 months |
No. of courses | 1 course |
Certificate & CEUs
This course only
Includes certificate |
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Includes CEUs |
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Self-paced |
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Instructor support |
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Time to complete | 6 months |
No. of courses | 1 course |
Certificates & CEUs
Includes all 600+ courses
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Includes CEUs |
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Self-paced |
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Instructor support |
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Time to complete | 12 Months |
No. of courses | 600+ |
Certificates & CEUs
Includes all 600+ courses
Includes certificate |
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Includes CEUs |
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Self-paced |
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Instructor support |
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Time to complete | 24 Months |
No. of courses | 600+ |
Student Testimonials
- "I thought it was very insightful and there was definitely information I can utilize." -- Jessica M.
- "Great course, some of the tests/exams were hard." -- Jennifer J.
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