Responsible Lending and Affordability (UK)
Price:
$2.60
Description:
A customer comes into your office and asks for a loan. Should you give them one? Clearly, you want to make sure you can trust them to pay it back. So, it’s only sensible to check whether they have a good track record. But just because they can pay you back, doesn’t mean they can afford it.<br><br>If you’re going to lend responsibly, you need to understand the difference between creditworthiness, affordability, and sustainability. When you assess creditworthiness, for example, you need to factor in how often they’ve paid on time. Fortunately, this course can help you make sure that you don’t put anybody in unnecessary hardship.<br><br><strong>By the end of this course, you’ll be able to:</strong><br><br>• Define creditworthiness, affordability, and sustainability<br>• Outline the factors to be considered when assessing creditworthiness<br>• Take measures to avoid unfair business practices<br><br><strong>Why take this course?</strong><br><br>Anybody involved in lending money will benefit from this course. You need to consider whether you’re lending to someone who can meet repayments. So this course will walk you through the difference between creditworthiness, affordability, and sustainability. It’ll detail what to factor into your risk profile. And you’ll learn how to make sure you’re being as fair as possible to your customer.<br><br>Disclaimer:<br>Please be aware that the course offered is designed to comply with UK regulations. It is essential to verify that this course meets the specific requirements and standards of your home country. We encourage you to consult with your local authorities for guidance. While this course may not directly fulfill specific requirements in your jurisdiction, it can serve as a valuable resource for additional knowledge and reference.<br><br>10 mins | SCORM | Infographic