This was a presentation I'd made in 2006. Pretty much how a FICO score works, essentially the same guidelines are still being used in the credit industry globally. With some data evolution, considering digital boom. Including Transunion / Equifax / Experiean, CIBIL etc.
Discover the new world of credit. In this PowerPoint developed for high school students, be introduced to the vocabulary of credit, what it is, and why it is important to maintain a good credit score.
Founded in 2007, today Fulcrum Partners is one of the leading and largest executive benefits advisories in the U.S. This overview shows an outline of the Fulcrum Partners 7-Step Process, and how their team of financial industry executives help organizations with unique executive benefits needs.
Discover the new world of credit. In this PowerPoint developed for high school students, be introduced to the vocabulary of credit, what it is, and why it is important to maintain a good credit score.
Founded in 2007, today Fulcrum Partners is one of the leading and largest executive benefits advisories in the U.S. This overview shows an outline of the Fulcrum Partners 7-Step Process, and how their team of financial industry executives help organizations with unique executive benefits needs.
Topics covered are how to conform to the legal and ethical requirements of credit investigations, the difference between direct and indirect credit investigations, how to gather information, etc.
Watch full video on YouTube -
https://youtu.be/f3VgVOgAUoE
Credit management is the process of granting credit , setting the term its granted on, recovering this credit when its due and ensuring compliance with company credit policy.
The difference in the rate of interest that a bank charges on the amount lent and the rate it pays to the depositors is technically called spread or interest rate spread.
This spread bank has to use to meet all its overheads and interest on deposit but also provide for NPA.
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A slide deck from GBRW covering the key principles of problem loan management, based on GBRW's extensive experience with Non-Performing Loan (NPL) management, restructuring and work-out assignments.
Information on the five C's of credit, bankruptcy proceedings, credit policy, credit investigations, credit fraud, credit decisions, customer visits, the sales department, and the vredit department.
"ALLL" About Disclosure Reports: Key Issues to KnowLibby Bierman
This session reviews the financial reporting disclosures that were added to bank and credit union's responsibility in 2011. The slides show example reports for requirements including Credit Quality Indicators
Aging of Past Due Receivables
Nature and extent of Troubled Debt Restructures and their effect on the ALLL
Listing of significant loan purchases and sales of loans
Active Capital Reinsurance Ltd commenced operations in 2007, mainly providing credit-related reinsurance solutions to financial institutions in Latin America, and it has a general insurance and reinsurance license issued in Barbados.
FICO Scores are credit reports and scores that most of the top lenders use while determining your credit risks.
Read to know how what a FICO Score is, how it is calculated, what constitutes a FICO Score and why do they matter.
More about FICO Score: http://www.myfico.com/credit-education/credit-report-credit-score-articles/
Topics covered are how to conform to the legal and ethical requirements of credit investigations, the difference between direct and indirect credit investigations, how to gather information, etc.
Watch full video on YouTube -
https://youtu.be/f3VgVOgAUoE
Credit management is the process of granting credit , setting the term its granted on, recovering this credit when its due and ensuring compliance with company credit policy.
The difference in the rate of interest that a bank charges on the amount lent and the rate it pays to the depositors is technically called spread or interest rate spread.
This spread bank has to use to meet all its overheads and interest on deposit but also provide for NPA.
Thank You For Watching
Subscribe to DevTech Finance
A slide deck from GBRW covering the key principles of problem loan management, based on GBRW's extensive experience with Non-Performing Loan (NPL) management, restructuring and work-out assignments.
Information on the five C's of credit, bankruptcy proceedings, credit policy, credit investigations, credit fraud, credit decisions, customer visits, the sales department, and the vredit department.
"ALLL" About Disclosure Reports: Key Issues to KnowLibby Bierman
This session reviews the financial reporting disclosures that were added to bank and credit union's responsibility in 2011. The slides show example reports for requirements including Credit Quality Indicators
Aging of Past Due Receivables
Nature and extent of Troubled Debt Restructures and their effect on the ALLL
Listing of significant loan purchases and sales of loans
Active Capital Reinsurance Ltd commenced operations in 2007, mainly providing credit-related reinsurance solutions to financial institutions in Latin America, and it has a general insurance and reinsurance license issued in Barbados.
FICO Scores are credit reports and scores that most of the top lenders use while determining your credit risks.
Read to know how what a FICO Score is, how it is calculated, what constitutes a FICO Score and why do they matter.
More about FICO Score: http://www.myfico.com/credit-education/credit-report-credit-score-articles/
Credit Repair Education for Libraries 6.15.19Victor Johnson
Victor Vonico Johnson, as General Partner for Credit Restoration Mentors, conducts a talk at a Carrollton Texas Library to educate the community about the benefits of good credit, and how to achieve it.
Understanding Your Credit Report and ScoreSpringboard
Information about what’s on a credit report, how it gets there, how a credit score is calculated, and how to develop good financial habits. Understanding credit and knowing where you stand are vital to protecting yourself from predatory lending by unqualified or unscrupulous lenders offering costly or unstable loan products.
Find out what a credit score is, what it means, and why your credit score matters. You'll also learn how a credit score is calculated, and ways you can keep track of your credit score. Oh, and it's Credit Squirrel who will be teaching you all this.
http://thebestcompanys.com/credit-monitoring/company/myfico/
MyFICO offers customers what is considered the industry standard in terms of credit monitoring and credit scoring services. Since 2001, MyFICO has been assisting customers with their annual credit reports, daily credit monitoring, and even identity protection services.
You’ve likely heard about credit scores before (thanks to all those commercials with terrible jingles), but what do you actually know about them? How long have they been around? And why is it important to check them? Find out all this and more!
About First Credit Union
First Credit Union is the longest-running credit union in BC, incorporated in 1939. With five insurance branches, five credit union branches, $300 million in credit union assets, and $100 million in wealth management assets, the organization’s 140 employees serve over 38,000 members and clients across four coastal communities.
http://www.firstcu.ca
Credit Scores: What's New
Tuesday, May 3, 11 a.m.-12:30 p.m. ET
This 90-minute webinar will present findings from Experian Public Education Director Rod Griffin and Dr. Barbara O'Neill. This webinar will cover the fundamentals of credit reporting and credit scoring and what you must do to get the credit you want and need.
Speakers: Dr. Barbara O'Neill and Rod Griffin
Register, join & find supporting resources: https://learn.extension.org/events/2488
This presentation is about the ancient technology that Indian civilization used. About various places in the Indian subcontinent that still showcase some fascinating technology which existed thousands of years ago and some theories which proven or not, are quite fascinating for many to explore & research on.
This is my Social Media version of the movie... Well actually, its a collectuon of social media case studies for an office presentation. How today's Eat Pray Love is equated with Facebook, Twitter and Youtube.. That is what this presentation is all about.
A journey to the mysterious beauties that unravel the most amazing part of India. A Blogumentary and a travelogue that will capture ‘Incredible India’ Down South...
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
2. 2
Objectives
To learn and understand the concept of FICO
To know how FICO is important to your CM
To know how it helps you as a debt collector
To use this information to help the CM & Amex
3. 3
What is a FICO Score?
• A FICO score is a credit score developed by Fair Isaac & Co.. Credit
scoring is a method of determining the likelihood that credit users will
pay their bills
• Fair, Isaac began its pioneering work with credit scoring in the late
1950s and, since then, scoring has become widely accepted by lenders as
a reliable means of credit evaluation
• A credit score attempts to condense a borrowers credit history into a
single number. Fair, Isaac & Co. and the credit bureaus do not reveal
how these scores are computed
• The Federal Trade Commission has ruled this to be acceptable
4. 4
How does FICO work?
• When you apply for credit – whether for a credit card, a car loan, or a
mortgage – lenders want to know what is the level of risk to them in
providing credit to you.
• FICO scores are the credit scores most lenders use to determine your
credit risk.
• You have three FICO scores, one for each of the three credit bureaus –
Experian, TransUnion, and Equifax. As this information changes, your
credit scores tend to change as well.
• Your 3 FICO scores affect both how much and what loan terms (interest
rate, etc.) lenders will offer you at any given time.
• Taking steps to improve your FICO scores can help you qualify for better
rates from lenders.
6. 6
What’s in your FICO Score?
Payment History
• Account payment information on specific types of accounts (credit cards,
retail accounts, installment loans, finance company accounts, mortgage,
etc.)
• Presence of adverse public records (Bankruptcy, judgments, suits, liens,
wage attachments, etc.)
• Severity of delinquency (How long past due?)
• Amount past due on delinquent accounts or collection items
• Number of past due items on file
• Number of accounts paid as agreed
7. 7
What’s in your FICO Score?
Amounts Owed
• Amount owing on accounts
• Amount owing on specific types of accounts
• Lack of a specific type of balance, in some cases
• Number of accounts with balances
• Proportion of credit lines used (proportion of balances to total credit
limits on certain types of revolving accounts)
• Proportion of installment loan amounts still owing (proportion of
balance to original loan amount on certain types of installment loans)
8. 8
What’s in your FICO Score?
Length of Credit History
• Time since accounts opened
• Time since accounts opened, by specific type of account
• Time since account activity
9. 9
What’s in your FICO Score?
New Credit
• Number of recently opened accounts, and proportion of accounts that are
recently opened, by type of account
• Number of recent credit inquiries
• Time since recent account opening(s), by type of account
• Time since credit inquiry(s)
• Re-establishment of positive credit history following past payment
problems
10. 10
What’s in your FICO Score?
Types of Credit Used
Number of (presence, prevalence, and recent information on) various types
of accounts (credit cards, retail accounts, installment loans, mortgage,
consumer finance accounts, etc.)
11. 11
About FICO Score
Credit bureau scores are often called “FICO scores” because most credit
bureau scores used in the U.S. are produced from software developed by Fair
Isaac and Company. FICO scores are provided to lenders by the major credit
reporting agencies.
FICO scores have different names at each of the credit reporting agencies.
All of these scores, however, are developed using the same methods by Fair
Isaac, and have been rigorously tested to ensure they provide the most
accurate picture of credit risk possible using credit report data
Credit Reporting Agency
Equifax BEACON®
Experian Experian/Fair Isaac Risk Model
TransUnion EMPIRICA®
12. 12
How does it help us?
You and your customers do not want them to lose their financial
independence and flexibility credit provides. Knowing about FICO scores &
how important it is for your customers helps us to:
• Take decisions on the account. E.g. Reinstatement, PAR, One Time charge.
• Negotiating on uncollected debts by educating your customers with
possible consequences.
• Providing the right kind of options / money sources.
• Know your customers expectations based on their FICO scores.
• Giving complete and accurate information to your customers.
• Last but not least no matter what the FICO scores of any customer are,
the way we treat them should not change.