Elements and Performance Criteria
- Identify and discuss role of credit in society
- Identify and discuss concepts and terminology of credit provided by financial institute and debt incurred by borrower
- Identify historical and current role of consumer credit in Australian society and discuss advantages and disadvantages of credit use
- Discuss impact of consumer debt on national economy
- Identify and discuss range of credit options available
- Identify and compare costs of using credit
- Identify and discuss effective use of consumer credit
- Explain personal credit rating and history