Credit Research Foundation

SEPTEMBER 27, 2024

million jobs, and the unemployment rate peaked at 10% in October 2009. First, since we haven’t seen significant default activity in recent years, many companies have let up on their credit risk management efforts, as the value proposition wasn’t as compelling as it was during previous economic downturns.

Days Sales Outstanding 195

Days Sales Outstanding Bad Debt DSO Default 195

Your Virtual Credit Manager

FEBRUARY 13, 2024

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency.

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

CreditStrong for Business

OCTOBER 24, 2024

Credit Cards A credit card is a revolving form of financing that an unemployed consumer might qualify for. However, in 2009 legislators passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act), which might make qualifying more challenging.

Bankruptcy 52

Bankruptcy Credit Scoring Credit and Collections Credit Unions 52

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. Default rates by FICO® Auto Score 8 and FICO® Resilience Index 2 – stressed economy (Oct 2007 to Oct 2009).

Default 52

Default CECL Credit Risk 52

Abrigo

APRIL 14, 2020

Let’s focus on the financial risks we don’t control and assess the risk. During the crisis in 2009, the banking system saw shockwaves hit, causing a number of bank closures. This liquidity drain was, in most cases, a direct result of increased credit risk and funding sources used to grow the banks. learn more.

Credit Risk 78

Credit Risk CECL 78

CreditStrong for Business

JULY 1, 2024

You can use the funds within the credit limit for your own purposes. This makes primary user tradelines the most preferred type with lenders and credit bureaus because it’s a more accurate representation of your true credit risk. That hurts your credit instead of boosting it.

Credit Scoring 59

Credit Scoring Credit Card Companies Credit Reporting Agencies Credit Risk 59

Abrigo

FEBRUARY 9, 2016

They may include: - Competing and conflicting interests: growth vs. risk - Disconnected processes, departments and technology - Little transparency into portfolio health over time - Lots of data, few actionable insights. “As

Credit Unions 60

Credit Unions Credit Risk 60