Program Description:
This AIB course provides participants with basic
knowledge about consumer credit. It covers
terminology, basic categories of consumer credit,
determining credit worthiness, and the application
process. It includes the origin of regulations
protecting consumer credit transactions, and reviews
specific regulations that apply to consumer credit.
After successfully completing this course, the student will be able to:
- Explain how banks make money from loans
- Describe the basic categories of consumer credit—open-end, closed-end, secured, and unsecured
- Define basic credit terminology
- Describe the five C’s of credit
- Describe the application process and actions required to assure bank compliance with regulations.
Who Should Attend:
Personnel who currently sell or are otherwise involved
in the consumer lending process.
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