Credit Scoring and Benchmarking

What is Credit Scoring and Benchmarking?

Credit Scoring and Benchmarking delves into the methodology used to calculate credit scores, and how scoring and credit reporting is used to assess an individual’s creditworthiness.

Credit scoring was invented in the US back in the 1950s as a way to impartially assess a borrower’s creditworthiness. Since then, the methodology used to calculate credit scores has evolved significantly, leading to the creation of a specialist industry, country-specific scoring systems and an increased interest in credit scores by the general public.

We also examine the legislative framework that governs the use of personal financial data and the recourse avenues available to individuals in relation to their data.

A credit score is unlikely to be the only reference point used by a lender to assess a borrower’s suitability. Typically, institutions will use a score as a starting point to gauge the level of due diligence required to conduct an assessment.

Program Content

Learning Outcomes

What you will learn

  • What is credit reporting and how is it regulated?
  • How are credit scores calculated and how do they categorise borrowers?
  • What recourse do consumers have with respect to querying items on their credit report?
  • How does the use of credit scoring align with responsible lending obligations?
  • What is the difference between CDR and CCR?

Who is this course for?

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.

Explore our Financial Services CPD

Our short course topics are also included in our annual subscription Financial Services CPD library.

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Frequently Asked Questions

To get started, either:
  • Purchase course/s online. (You can add multiple courses to the cart.) Please note: Online orders may take up to 1 business day to be processed and for your team to receive their course login details.
OR
Contact us for your Corporate Solution.

To get started, either
  • Purchase your course online. (If checking out for your team, you can add multiple courses to the cart.) OR
  • Contact Us to arrange an invoice
Please note: Online orders may take up to 1 business day to be processed and for you to receive your course login details.  

Our CPD short courses are assessed by a short open book multiple-choice exam.

Our CPD short courses are self-paced with online learning resources & on-going support.
  • You have up to 8 weeks to complete the learning and assessment requirements for your CPD short course.
  • Experienced professionals can complete in less time.
What will I learn in this workshop?2026-07-15T18:59:10+10:00

The workshop combines regulatory updates with practical compliance guidance, helping Responsible Managers better understand their obligations and strengthen their governance framework.

Topics include:

Credit regulation and licensing

Understand the current regulatory framework governing Australian Credit Licensees and ASIC’s expectations of Responsible Managers.

The role and responsibilities of a Responsible Manager

Explore what ASIC expects Responsible Managers to do in practice and how to effectively discharge your responsibilities.

Regulatory priorities

Understand the emerging issues and compliance risks currently attracting regulatory attention.

Recent ASIC regulatory outcomes

Review recent enforcement actions and regulatory outcomes with a focus on the role Responsible Managers played – and the lessons every licensee should learn.

Accountability and governance

Strengthen your oversight, governance and compliance framework through practical examples and proven approaches.

Managing your ongoing obligations

Learn practical tips for staying across your obligations, maintaining effective records and meeting your reporting responsibilities.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.