ASIC Guide to Credit

The ASIC Guide to Credit is a resource from the Australian Securities and Investments Commission that provides clear information about credit products and responsible lending practices. It helps consumers understand their rights and obligations when borrowing money, such as loans or credit cards. The guide covers topics like understanding loan terms, fees, interest rates, and the importance of borrowing within one's means. Its goal is to promote informed financial decisions, ensure transparency, and encourage responsible lending and borrowing behavior in the credit market.