Credit Risk Assessment in Consumer Lending September 2012 ABSTRACT This Point of View is focused on Credit Risk Assessment in the Consumer Lending domain including Auto‚ Consumer Durables and Personal loans‚ but excluding Mortgage. It looks at assessment using Credit Risk Modelling as well as Subjective Analysis. INTRODUCTION Consumer lending has been beset with severe issues since the debt crisis of 2008. Rising unemployment and decreasing repayment capabilities have brought in increased
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IDENTITY THEFT CAUSE‚ PREVENTION‚ AND EFFECT INTRODUCTION A major growing problem within the United States is identity theft. Identity theft is the stealing and use of someone’s personal information used primarily for monetary gain. I will elaborate on how identity theft occurs and I will describe what criminals can do with the information they obtain. I will also explain some of the prevention plans that companies have put into place to protect themselves and discuss how individuals can
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the grace period was over‚ the gorilla woke up. How is he now affecting your ability to get other credit? One way to find out is to pull a copy of your credit report. There are three major credit reporting agencies‚ or credit bureaus--Experian‚ Equifax‚ and Trans Union--and you should get a copy of your credit report from each one. Keep in mind‚ though‚ that while institutions making student loans are required to report the date of disbursement‚ balance due‚ and current status of your loans to
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Identity Theft is a form of fraudulent activity‚ which involves using someone else’s personal details and assuming their identity. There are several forms of identity theft‚ but the most common are business/commercial identity theft‚ and financial identity theft – in which the victim’s credit might be severely affected and could be accountable for the perpetrator’s actions. This paper will highlight ways to prevent identity theft‚ and what to do if you are a victim of identity theft. The easiest
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An example of the Ford Pinto scandal‚ where organizational leaders mad bad decisions are related to the Ford Pinto catching fire when involved in a rear-end crash where a defect in design or manufacturing could lead to death or serious bodily harm. Ford had access to a new design which would decrease the possibility of the Ford Pinto from exploding‚ the company chose not to implement the design‚ which would have cost $11 per car‚ even though it had done an analysis showing that the new design would
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Identity Theft In today’s society‚ there is a white-collar crime that has greatly risen in popularity among criminals. This crime is identity theft. Hundreds of thousands of people have their identities stolen each year. Identity theft is when these criminals obtain and use consumers personal information such as credit card numbers‚ bank account numbers‚ insurance information‚ and social security numbers to purchase goods or services fraudulently. According to the Federal Trade Commission
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UNDERSTANDING FICO SCORES PROBLEM This report is designed to inform the reader about FICO scores and make recommendations on ways to maintain a favorable score or improve an unfavorable score. This report will also answer these specific questions: What is a FICO score? How is the score determined? What effects does your score have on receiving credit? How do you find out what your score is? How can you improve your score? BACKGROUND In the lending industry‚ the
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whereby self-interest is inseparable since it is connected with the community interest. According to Hock‚ community is not all about profit but it is all about benefit. Therefore‚ the community should to report any kind of fraud occurred to the Equifax‚ TransUnion and Experian agencies for help. Further‚ he urged the community at large to scan the document of the Visa card in order to have a backup in cases they misplace the
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A. Jared Bernstein’s Top 10 to Address Economic Inequality (Support or Oppose 4) 1. (#1) I agree that the US should strive to have employment opportunities for every able person and that if the private market does not have enough jobs to employ everyone then the government should be able to provide jobs as the last resort. These jobs would better the community and by making an honest income that contributes to the world these government employed workers would have a potentially more satisfying experience
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Why is it that people take items that belong to other people? Theft has always been a worldwide problem. From the beginning of time human beings have been stealing from one another. The list of items stolen vary and range from money to people. Yes‚ people have been stolen and are continually stolen. Identity theft is a form of stealing that is on the rise in recent times. Identity theft is defined as the fraudulent acquisition and use of a person’s private identifying information‚ usually for financial
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