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Continuing Education → Professional Development

Credit Fundamentals (LCI5103)

This course is all about credit. From the ABCs to the 5 "C's", Credit Fundamentals are the bees knees. Here's what we cover: How credit is used; Consumer credit products; and Leasing. It's no journey on the high seas, but you will learn about the credit forrest through the trees...

Institute accredited CE: 1.0
FP Canada accredited: 1.0 Financial Planning

This CE activity has been approved by FP Canada as meeting the requirements for CE Approval as outlined within the FP Canada Continuing Education Guidelines. The views and opinions expressed in this presentation are those of the presenter / content author and do not necessarily reflect the views of FP Canada.

CE Credits: 1.0 Accreditation Number: IAS17143901 CE Credit Type: Professional Development

  • Credit fundamentals
  • Credit Fundamentals Introduction
  • The Five "Cs" of Credit
  • Understanding Credit History
  • Debt Service Ratios
  • Consumer Credit Products
  • Mortgages
  • Credit Cards
  • Charge Accounts
  • Personal Lines of Credit
  • Home Equity Lines of Credit
  • Overdraft Protection
  • Personal Loans
  • Payday Loans
  • Investment Loans
  • Leasing
  • Leasing a Vehicle
  • Pros and Cons of Leasing a Vehicle
  • Leasing Terminology
  • Open Versus Closed Lease Agreements
  • Final test
  • Credit Fundamentals Test
Completion rules
  • You must complete the test "Credit Fundamentals Test"
  • Leads to a certification with a duration: Forever