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
What evidence can you provide to prove your understanding of each of the following citeria?
Identify and discuss the role of credit in society
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The concepts and terminology of credit provided by a financial institute and debt incurred by a borrower are analysed and discussed Completed |
Evidence:
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The historical and current role of consumer credit within Australian society is identified and advantages and disadvantages of credit use are analysed and discussed Completed |
Evidence:
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The impact of consumer debt on the national economy is analysed and discussed Completed |
Evidence:
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Identify and discuss the range of credit options available
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Types of credit facilities used by businesses are analysed and compared Completed |
Evidence:
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Types of credit facilities used by individuals are analysed and compared Completed |
Evidence:
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Differences between unsecured and secured loans are analysed and discussed Completed |
Evidence:
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Implications of default on secured loans are explained to the client Completed |
Evidence:
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Identify and discuss costs of using credit
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Fees and costs associated with different types of credit options are analysed and compared Completed |
Evidence:
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The features and associated risks of fixed versus variable interest rates are analysed and compared Completed |
Evidence:
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Ways to compare advertised interest rates and the effects of fees and charges are analysed and discussed Completed |
Evidence:
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Analyse and discuss the effective use of consumer credit
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Ways to avoid excessive or unmanageable debt are analysed and discussed Completed |
Evidence:
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Strategies to minimise fees on credit are identified and discussed Completed |
Evidence:
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The importance of meeting minimum payments on credit cards is analysed and discussed Completed |
Evidence:
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Ways to avoid credit card fraud are identified, analysed and discussed Completed |
Evidence:
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Manage personal credit rating and history
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The role of credit reference agencies is analysed and discussed Completed |
Evidence:
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The purpose and use of credit reference reports in assessing loan applications is analysed and discussed Completed |
Evidence:
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Implications of establishing a poor credit history are analysed and discussed Completed |
Evidence:
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The right to access and methods of obtaining own credit reference report are analysed and discussed Completed |
Evidence:
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