Credit Research Foundation

SEPTEMBER 27, 2024

It’s been 16 years since the last major economic downturn – the banking crisis that started in 2007 and was in full impact mode from 2008 through 2010. It’s been noted in a survey that nearly 40% of companies reported reducing their credit department staff during the pandemic. During that period, the U.S. economy shed over 8.7

Days Sales Outstanding 195

Days Sales Outstanding Bad Debt Default DSO 195

FICO Blog

DECEMBER 8, 2022

FICO® Scores, often an important contributor to underwriting risk management strategies, are designed to provide valuable risk rank-ordering through all economic cycles. Assume an auto finance portfolio’s current underwriting risk management strategy requires applicants to have an expected 24-month default rate less than 3%.

Default 52

Default CECL Credit Risk 52

Fundera

JUNE 25, 2018

Here’s what Grunert says: I moved from Long Island, New York City to Prospect, Virginia in 2007 because of the high cost of living in NYC. When I moved in 2007, I was able to obtain freelance clients worldwide. Rural businesses had better credit profiles on average than urban businesses.

Small Businesses 81

Small Businesses Credit Scoring Law Firms Credit Risk 81

Due

JANUARY 3, 2023

There are a number of elements that make up your credit report, including personal information, your credit account history , and your credit inquiries. Credit bureaus receive this information from your lenders and creditors. FICO® Scores are used to determine whether you are a good credit risk for future lenders.

Credit Scoring 119

Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119

Due

JANUARY 28, 2023

According to Reuters , Wyoming Corporate Services, which sells aged shelf corporations, has had multiple civil lawsuits against the companies registered there since 2007. And if you already have open tradelines with them, they may choose to close your accounts since you tried to circumvent their system for managing credit risk.

Credit Scoring 64

Credit Scoring Credit Risk 64

lsq

NOVEMBER 8, 2022

Seven-percent prime was last seen in December 2007. Having a comprehensive, real-time source for insights into customer health can help mitigate counterparty customer credit risk (and, conversely, the risk of your suppliers if you buy inputs). That means a prime rate of 7.5 percent in 2023.

Bankruptcy 52

Bankruptcy Default Credit Risk 52

Biz2X

MARCH 13, 2023

Case in point: the Federal Reserve Bank’s serial decisions to increase the prime rate have pushed small business loan interest rates up above 10% for the first time since 2007. aimed to grow organically without overstepping its credit/risk management requirements. That’s where Small Business Administration loans come in.

Small Businesses 52

Small Businesses Credit Unions Dashboards Credit Risk 52