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Evidence Guide: CHCEDU007 - Provide group education on consumer credit and debt

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

CHCEDU007 - Provide group education on consumer credit and debt

What evidence can you provide to prove your understanding of each of the following citeria?

Elements define the essential outcomes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explain role of credit and options

  1. Explain concepts and terminology of credit provided by a financial institution and the debt incurred by a borrower
  2. Compare features of different types of loans or credit facilities
  3. Identify differences between unsecured and secured loans and explain implications of default on secured and unsecured loans
  4. Explain the cost of credit
  5. Explain uses of documentation and the importance of maintaining paperwork
Explain concepts and terminology of credit provided by a financial institution and the debt incurred by a borrower

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Compare features of different types of loans or credit facilities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify differences between unsecured and secured loans and explain implications of default on secured and unsecured loans

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explain the cost of credit

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explain uses of documentation and the importance of maintaining paperwork

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify common debt issues

  1. Discuss common types of debt with client group and identify its potential implications in relation to specific client’s situation
  2. Provide appropriate referrals to specialised services to assist clients to deal with debt issues
  3. Identify and inform clients of ways to avoid debt as a means to assist client to minimise debt
  4. Identify and inform clients of range of debt reduction strategies to address client situation
Discuss common types of debt with client group and identify its potential implications in relation to specific client’s situation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide appropriate referrals to specialised services to assist clients to deal with debt issues

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and inform clients of ways to avoid debt as a means to assist client to minimise debt

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and inform clients of range of debt reduction strategies to address client situation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify complaints and hardship options to address personal financial issues

  1. Provide general information on informal and formal complaint processes
  2. Provide general information on hardship provisions
Provide general information on informal and formal complaint processes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide general information on hardship provisions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements define the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Explain role of credit and options

1.1 Explain concepts and terminology of credit provided by a financial institution and the debt incurred by a borrower

1.2 Compare features of different types of loans or credit facilities

1.3 Identify differences between unsecured and secured loans and explain implications of default on secured and unsecured loans

1.4 Explain the cost of credit

1.5 Explain uses of documentation and the importance of maintaining paperwork

2. Identify common debt issues

2.1 Discuss common types of debt with client group and identify its potential implications in relation to specific client’s situation

2.2 Provide appropriate referrals to specialised services to assist clients to deal with debt issues

2.3 Identify and inform clients of ways to avoid debt as a means to assist client to minimise debt

2.4 Identify and inform clients of range of debt reduction strategies to address client situation

3. Identify complaints and hardship options to address personal financial issues

3.1 Provide general information on informal and formal complaint processes

3.2 Provide general information on hardship provisions

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements define the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Explain role of credit and options

1.1 Explain concepts and terminology of credit provided by a financial institution and the debt incurred by a borrower

1.2 Compare features of different types of loans or credit facilities

1.3 Identify differences between unsecured and secured loans and explain implications of default on secured and unsecured loans

1.4 Explain the cost of credit

1.5 Explain uses of documentation and the importance of maintaining paperwork

2. Identify common debt issues

2.1 Discuss common types of debt with client group and identify its potential implications in relation to specific client’s situation

2.2 Provide appropriate referrals to specialised services to assist clients to deal with debt issues

2.3 Identify and inform clients of ways to avoid debt as a means to assist client to minimise debt

2.4 Identify and inform clients of range of debt reduction strategies to address client situation

3. Identify complaints and hardship options to address personal financial issues

3.1 Provide general information on informal and formal complaint processes

3.2 Provide general information on hardship provisions