Here is the synopsis of our sample research paper on Consumer Credit Scoring. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This practice is evaluated in a 6 page paper which focuses on the banking industry. The pros and cons of using a single score to evaluate consumer loans are provided. Bibliography lists 6 sources.
Page Count:
6 pages (~225 words per page)
File: D0_Scor.rtf
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Unformatted sample text from the term paper:
digit number. Thus, rather than contemplate a credit application for hours, checking employment, evaluating a three page credit report and making a decision about whether or not to lend a
potential customer money, the lender can quickly give the applicant a yes or no answer. In some ways the system is flawed. It may be efficient but how accurate can
one number be? A number doesnt tell a story or give the big picture. The man sitting in front of a lender may have just lost his job and wants
to get a personal loan before filing bankruptcy. His beacon score may be excellent because he has, up until that point, paid his creditors on time. While the system may
have some weaknesses, it also has tremendous benefits. By using a score, authorizers can allow their customers to borrow money on the spot. This is important in todays competitive world.
Many products are advertised with advantages of not paying a dime for up to a full year. Credit is often the carrot to lure customers into an automobile showroom or
furniture gallery. Credit has also become a game of quick wheeler dealer talk that often leads to bad loans. But it is a numbers game. The more loans written, the
more money will be made for the lender. By writing a lot of loans quickly, money is saved on investigative work and the scores can give the lender sufficient
comfort in his decision to make the deal. Thus, with a great amount of business the likelihood of default is minimized. For example, if someone sends out a business flyer
to just 100 people, they may get the anticipated 2% return but their odds of getting any business at all is greatly enhanced by sending out, say, 10,000. This is
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