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Planning to Borrow - Module 1 (2018 Edition)


  • CFP® and QAFP® certificants: This course qualifies for a total of 6.0 CE credits as approved by FP Canada in the Financial Planning category.
  • Life Agents (provincial requirements): 6.0 hours ON
  • CPAs: 6 verifiable CPD hours

FORMAT:  eBook that must be read online (unlike our other courses, the Planning to Borrow Series cannot be printed or downloaded), and an online quiz.


Planning to Borrow is a three-module continuing education series devoted to the topics of credit and credit management. The series will help advisors:

  • gain a better understanding of consumer credit and what lending vehicles are available in the market;
  • learn how to better position clients to be approved for credit when they need it; and
  • learn how to advise clients to use and better manage credit.

The series is based on the revised 2018 edition of “Planning to Borrow – A Practical Guide to Consumer Lending Practices in Canada”, written by Steve Bang, CFP and published by Captus Press. We’re excited to work in partnership with Steve and Captus Press to offer this material as continuing education.

Note that extensive understanding of consumer credit is a new addition to the Financial Planner Standards Council's recently revised Body of Knowledge (BoK) requirements for CFPs. Steve Bang, author of our Planning to Borrow series, served for two years on the volunteer committee tasked with revising and finalizing the BoK. Completion of this series will provide you with a wealth of knowledge in the area of consumer credit while allowing you to meet the new BoK requirement in this area.

Module 1 is based on Chapters 1 through 5, and covers the 5 Cs of credit granting:

  • the borrower’s Capacity to repay the loan;
  • the borrower’s Credit history, the role of a Credit Bureau Report, and how to mitigate poor credit history;
  • the borrower’s personal Character and the economic conditions affecting that borrower;
  • the borrower’s Capital worth, which could be liquidated if needed to make loan payments; and
  • the Collateral available to secure the loan.

Students enrolled in Module 1 get access to the eBook version of these five chapters (which must be read online), and must complete a 30-question online quiz to obtain their continuing education credits.

Get more information on Module 2 and Module 3!

NOTE: You have one year from time of purchase to complete this course.

AUTHOR: Steve Bang, CFP®
PUBLISHED: September 2018
FP Canada and FP Canada CE Credit logo are registered trademarks of the FP Canada

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