Basic practices outlined for Credit Risk Management procedures to help you form a foundation for assessing and determining credit worthiness.
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If you own a business and want to be approved for a loan, a credit line, a lease agreement, or any other financial transaction, it's very important to have a strong business credit history to rely on. Based on a good business credit score, you may have faster access to a credit line without providing personal guarantees and also have a lower intere...
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Identity thieves can cause absolute mayhem for consumers and businesses. After a number of postponements, the Red Flag Rules went into effect on December 31st, 2010. Financial institutions and creditors are now required to implement an identity theft prevention program to detect certain “red flags” that indicate ...
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As the US auto industry slowly pulls itself back from the brink of collapse, signs of a comeback in 2011 are on the horizon. Since last spring, two leading economists at the NADA/IHS Global Insight Forum in NYC predicted a return to more normal economic conditions by the end of 2010. As a result, they forecast U.S. light-vehicle sales will rea...
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In July, a week before the Dodd - Frank Wall Street Reform and Consumer Protection Act was signed into law, Viral V Acharya, Professor of Finance at Stern School of Business, New York University and co-editor of NYU Stern's forthcoming book "Regulating Wall Street", wrote an article about the failure of Dodd-Frank Act. It appeared in Financial...
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