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The score with credit scoring and benchmarking

AUD$40.91 (excl. GST)
AUD$40.91 (excl. GST)

Serviceability assessments have dominated consumer credit practice in recent years. After revising how credit scoring and benchmarks work, this course covers the role they play in the lending application process and offers tips for helping your clients make sense of them too.

Learning outcomes:

On completion of this topic, you should be able to:

  • Identify what credit reporting is and how it is regulated
  • Demonstrate how credit scores are calculated and how they categorise borrowers
  • Explain what recourse consumers have with respect to querying items on their credit report
  • Evaluate the benefits and limitations of using benchmarks as part of the loan application process
  • Discuss how the use of credit scoring and expenses benchmarks align with responsible lending obligations.


This contributes 4 hours towards CPD.

Serviceability assessments have dominated consumer credit practice in recent years. After revising how credit scoring and benchmarks work, this course covers the role they play in the lending application process and offers tips for helping your clients make sense of them too.

Learning outcomes:

On completion of this topic, you should be able to:

  • Identify what credit reporting is and how it is regulated
  • Demonstrate how credit scores are calculated and how they categorise borrowers
  • Explain what recourse consumers have with respect to querying items on their credit report
  • Evaluate the benefits and limitations of using benchmarks as part of the loan application process
  • Discuss how the use of credit scoring and expenses benchmarks align with responsible lending obligations.

Courses

The score with credit scoring and benchmarks

This course is available for purchase through the store. The store can be found on the left hand side of this page.

Price: $79.00 (GST inclusive).


Serviceability assessments dominated testimony at ASIC’s public hearings on responsible lending. After revising how credit scoring works, we discuss what it was about the use of HEM and other benchmarks that prompted ASIC to give them a special mention in revised regulatory guidance.

Learning objectives:

  • Identify what credit reporting is and how it is regulated 
  • Demonstrate how credit scores are calculated and how they categorise borrowers 
  • Explain what recourse consumers have with respect to querying items on their credit report 
  • Evaluate the benefits and limitations of using benchmarks as part of the loan application process 
  • Discuss how the use of credit scoring and expenses benchmarks align with responsible lending obligations.


If you haven't already purchased this course, please go to the store to purchase.