When it comes to building or rebuilding one's credit, a low or nonexistent FICO score has often proved to be an extremely large obstacle when applying for any type of credit lines at all. However, many smaller, non-traditional lenders are offering hope for those who need a short-term loan. Alternative risk models -- based largely on alg...
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Many consumers who are considered by traditional credit bureaus to be "thin" or "no file" could benefit from better alternative consumer reports when their bills are paid regularly and their income is consistent. These underbanked consumers can be creditworthy and by building a good report and credit score with them allows you to build a long lasti...
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When your goal is growing your company, information is key. As your business expands -- and your customer base expands along with it -- the maxim holds true: The better informed you are, the better business decisions you’ll make. The need for access to consumer data is especially significant when it comes to obtaining insight into your custom...
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Debt collection is a very dynamic, complex field and requires a disciplined approach. A collection manager’s primary responsibility is to prevent unnecessary losses while controlling costs and providing good customer service. Nowadays, a rising set back collectors are facing when attempting to collect on accounts that have defaulted is ...
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Basic practices outlined for Credit Risk Management procedures to help you form a foundation for assessing and determining credit worthiness.
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