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Consumer Credit Products

Description: Consumer Credit Products provides definitions of consumer credit terms to assist in discussions with clients. This course explains the growth and demand of non-real estate related products such as credit cards, personal loans, personal lines of credit, and auto loans. It also explores real estate-related terms for home equity loans, home equity lines of credit, and loan to value ratios, and how to calculate the maximum loan amounts.

Audience: Branch personnel who are responsible for discussing or selling consumer credit products.

Learning Objectives: After completing this course, students will be able to:

  • Define basic consumer credit terminology to clients
  • Identify features of consumer credit products
  • Explain the two loan categories – non-real estate-related and real estate-related – along with the products associated with the categories
  • Determine the maximum loan amount available based on collateral value, for real estate-related products.

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