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 role of credit in society
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Identify and discuss concepts and terminology of credit provided by financial institute and debt incurred by borrower Completed |
Evidence:
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Identify historical and current role of consumer credit in Australian society and discuss advantages and disadvantages of credit use Completed |
Evidence:
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Discuss impact of consumer debt on national economy Completed |
Evidence:
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Identify and discuss range of credit options available
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Identify and compare types of credit facilities used by businesses Completed |
Evidence:
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Identify and compare types of credit facilities used by individuals Completed |
Evidence:
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Identify and discuss differences between unsecured and secured loans Completed |
Evidence:
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Explain implications of default on secured loans to borrower Completed |
Evidence:
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Identify and compare costs of using credit
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Compare fees and costs associated with different types of credit options Completed |
Evidence:
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Compare features and associated risks of fixed versus variable interest rates Completed |
Evidence:
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Identify ways to compare advertised interest rates and effects of fees and charges Completed |
Evidence:
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Identify and discuss effective use of consumer credit
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Identify and discuss ways to avoid excessive or unmanageable debt Completed |
Evidence:
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List strategies to minimise fees on credit Completed |
Evidence:
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Discuss importance of meeting minimum payments on credit cards Completed |
Evidence:
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Identify and discuss ways to avoid credit card fraud Completed |
Evidence:
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Explain personal credit rating and history
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Describe role of credit reference agencies Completed |
Evidence:
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Explain purpose and use of credit reference reports in assessing loan applications Completed |
Evidence:
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Identify and discuss implications of establishing a poor credit history Completed |
Evidence:
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Describe methods of obtaining own credit reference report and discuss right to access the report Completed |
Evidence:
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