Promote understanding of the role and effective use of consumer credit

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSCRD503, 'Promote understanding of the role and effective use of consumer credit'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Promote understanding of the role and effective use of consumer credit' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Identify types of appropriate consumer credit options for clients

1.1 Identify clients’ financial situations, requirements and objectives in regards to consumer credit by making reasonable enquiries

1.2 Explain types of appropriate consumer credit facilities to clients in plain language

1.3 Provide clients with written supporting documentation and guide them through key aspects of documentation

2. Identify and discuss costs of using credit

2.1 Explain relevant features, terms and conditions of appropriate consumer credit facilities to clients, with impacts and possible risks disclosed in a clear and concise manner

2.2 Explain fees and costs associated with different types of credit options for clients

2.3 Demonstrate how to interpret differences between advertised interest rates and comparison rates to clients

3. Promote effective use of consumer credit

3.1 Discuss strategies to avoid excessive or unmanageable debt with clients in relation to their financial situations

3.2 Discuss strategies to minimise fees and cost of credit with clients

4. Provide clients with information regarding credit reference reports

4.1 Explain role of credit reference agencies to clients in plain language

4.2 Emphasise purpose and use of credit reference reports in assessing loan applications and explain implications of establishing a poor credit history to clients

4.3 Explain right to access and methods of obtaining own credit reference report, and provide relevant contact details to clients for follow up if required


Qualifications and Skillsets

FNSCRD503 appears in the following qualifications:

  • FNS41210 - Certificate IV in Mobile Banking
  • FNS41010 - Certificate IV in Banking Services
  • FNS51510 - Diploma of Credit Management
  • FNS40110 - Certificate IV in Credit Management
  • FNS50910 - Diploma of Banking Services Management
  • FNS40111 - Certificate IV in Credit Management
  • FNS41011 - Certificate IV in Banking Services
  • FNS41211 - Certificate IV in Mobile Banking
  • FNS51511 - Diploma of Credit Management
  • FNS41811 - Certificate IV in Financial Services
  • FNS51811 - Diploma of Financial Services
  • FNS50915 - Diploma of Banking Services Management
  • FNS42015 - Certificate IV in Banking Services
  • FNS40115 - Certificate IV in Credit Management
  • FNS51815 - Diploma of Financial Services
  • FNS51515 - Diploma of Credit Management
  • FNS41815 - Certificate IV in Financial Services