Task Table 1 (For achieved grade) Using the information from the scenario, complete the questions in the table below. Questions Tasi Laura Jacqui Hone Tariq Good, as it is for an Bad, consumption Good, as it is an Good, as it is an Not applicable (a) Is the use of credit or asset related to his debt and these are asset that is related to asset that is related to “good” “bad”? Why? job. (van for carrying her investment in her his investment in his “luxury” goods. (brand his tools) new sports equipment education. (computer education. (computer for personal use) for her studies) for his studies) Unmanageable. Unmanageable Unmanageable Manageable Not applicable. No (b) Is the debt manageable or Payments now Payments now Payments greater Payments still less borrowing unmanageable? greater than receipts greater than receipts than receipts, even than total receipts anticipated. He is Why? more than before the being pressured by loan his sister to be a lender. Personal loan Credit card Credit card Store card Not applicable (c) Identify two potential types Car finance company Personal Loan Hire purchase Personal loan from (sources) of family/ credit. whanau
Task Table 1 (For achieved grade) Using the information from the scenario, complete the questions in the table below. Questions Tasi Laura Jacqui Hone Tariq (a) Is the use of credit “good” or “bad”? Why? Good, as it is for an asset related to his job. (van for carrying his tools) Bad, consumption debt and these are “luxury” goods. (brand new sports equipment for personal use) Good, as it is an asset that is related to her investment in her education. (computer for her studies) Good, as it is an asset that is related to his investment in his education. (computer for his studies) Not applicable (b) Is the debt manageable or unmanageable? Why? Unmanageable. Payments now greater than receipts Unmanageable Payments now greater than receipts Unmanageable Payments greater than receipts, even more than before the loan Manageable Payments still less than total receipts Not applicable. No borrowing anticipated. He is being pressured by his sister to be a lender. (c) Identify two potential types (sources) of credit. Personal loan Car finance company Credit card Personal Loan Credit card Hire purchase Store card Personal loan from family/ whanau Not applicable
28088-v2-Assessor-guidelines.docx