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

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