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 range and type of consumer credit options
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The role of consumer credit is identified and advantages and disadvantages of credit are discussed with the client Completed |
Evidence:
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Types of consumer credit facilities are explained to the client in plain language including the differences between unsecured and secured loans 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 and the features and associated risks of fixed versus variable interest rates are explained to the client Completed |
Evidence:
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Ways to compare advertised interest rates and the effects of fees and charges are demonstrated to the client Completed |
Evidence:
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Promote effective use of consumer credit
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Ways to avoid excessive or unmanageable debt are discussed with the client in relation to their financial situation Completed |
Evidence:
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Strategies to minimise fees on credit including the importance of meeting minimal payments on credit cards are discussed with the client Completed |
Evidence:
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Ways to avoid credit card fraud are identified and communicated to the client Completed |
Evidence:
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Provide client with information regarding credit reference reports
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The role of credit reference agencies is discussed and explained to the client in plain language Completed |
Evidence:
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The purpose and use of credit reference reports in assessing loan applications and the implications of establishing a poor credit history are emphasised and explained to the client Completed |
Evidence:
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The right to access and methods of obtaining own credit reference report is explained, and relevant contact details provided to the client for follow up if required Completed |
Evidence:
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