Credit Risk

15

Mar'20

Credit Report Explained in Easy Language

A credit report is like a scorecard giving information about how well you manage your finances. It is a historical record of how and when you pay your bills, how much debt you have, and how long you have been managing credit accounts. History Less than 100 years ago, banking …

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15

Mar'20

Days Past Due(DPD)

Before you understand Days past due. Let’s understand Past due which means overdue. For example, let’s assume your credit card payment is due on October 15. You forget to make the payment. On November 16, you finally remember. By then, though, it’s too late. Your bill is past due. Days …

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14

Mar'20

Chargebacks

  In the early 1970s, bank credit cards had not yet gained widespread acceptance in the US. This was because of consumer fear. People worried that the card could be lost or stolen or it can be used for unauthorized transactions with the original owner getting stuck with the bill. …

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14

Feb'20

Everything you need to Know about Collateral

When offering you a loan, lenders want to limit their risk as much as possible and ensure they get their money back. That’s where collateral comes in. Collateral is something — some sort of property or asset — that you may need to provide to a lender to get a …

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