Consumer Credit Fundamentals PDF Download
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Author: S. Finlay
Publisher: Springer
ISBN: 0230232795
Category : Business & Economics
Languages : en
Pages : 252
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Book Description
Despite the huge expansion in consumer credit in the last 25 years there are very few texts describing the operation of consumer credit markets. Consumer Credit Fundamentals is the first book to provide a broad cross-disciplinary introduction to the subject. It covers the history of credit, the types of consumer credit available, how credit is granted and managed, the legal framework within which commercial lenders must operate, as well as consumer and ethical issues. A complete, well-rounded and practical introduction to consumer credit.
Author: S. Finlay
Publisher: Springer
ISBN: 0230232795
Category : Business & Economics
Languages : en
Pages : 252
Get Book
Book Description
Despite the huge expansion in consumer credit in the last 25 years there are very few texts describing the operation of consumer credit markets. Consumer Credit Fundamentals is the first book to provide a broad cross-disciplinary introduction to the subject. It covers the history of credit, the types of consumer credit available, how credit is granted and managed, the legal framework within which commercial lenders must operate, as well as consumer and ethical issues. A complete, well-rounded and practical introduction to consumer credit.
Author: S. Finlay
Publisher: Springer
ISBN: 0230582508
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
Consumer credit is an integral part of many western societies. This book provides a comprehensive view of how credit-granting institutions operate and discusses the relationship between the strategic objectives set by senior management and the operational strategies employed by credit professionals working at the coal face of credit provision.
Author: Clyde William Phelps
Publisher:
ISBN:
Category : Collecting of accounts
Languages : en
Pages : 400
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Book Description
Author: Thomas A. Durkin
Publisher: Financial Management Associati
ISBN: 0195169921
Category : Business & Economics
Languages : en
Pages : 737
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Book Description
This article provides an introduction to a law review symposium by the Journal of Law, Economics, and Policy on our book (co-authored with Michael E. Staten), Consumer Credit and the American Economy (Oxford 2014). The conference, held November 2014, collects several articles responding to and building on the research agenda laid out by our book. For those who have not read the book, this article is intended to summarize several of the main themes of the book, including discussion of economic models of consumer credit usage, trends in consumer credit usage over time, the use of high-cost credit, and behavioral economics.
Author: United States. National Commission on Consumer Finance
Publisher:
ISBN:
Category : Consumer credit
Languages : en
Pages : 322
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Book Description
Author: Kent R Brown
Publisher: Independently Published
ISBN:
Category :
Languages : en
Pages : 66
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Book Description
This book is about the fundamentals of building personal credit. This content is meant to give you a basic understanding of the importance of building credit. Credit has a place in all of our lives as long as we are consumers of goods and service. Our goal is to arm our readers with the ability to understand personal credit.
Author: Richard E. Beck (Jr.)
Publisher:
ISBN: 9780899826301
Category : Bank loans
Languages : en
Pages : 448
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Book Description
Author: Clyde William Phelps
Publisher: Legare Street Press
ISBN: 9781022889279
Category :
Languages : en
Pages : 0
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Book Description
This book is a comprehensive guide to the world of retail credit, covering topics such as credit analysis, risk assessment, and collection strategies. Written by renowned credit expert Clyde William Phelps, this book is an essential resource for anyone interested in the field of retail credit. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
Author: Arnold Ziegel
Publisher: Createspace Independent Publishing Platform
ISBN: 9781507727638
Category :
Languages : en
Pages : 0
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Book Description
Arnold Ziegel formed Mountain Mentors Associates after his retirement from a corporate banking career of more than 30 years at Citibank. The lessons learned from his experience in dealing with entrepreneurs, multinational corporations, highly leveraged companies, financial institutions, and structured finance, led to the development and delivery of numerous senior level credit risk training programs for major global financial institutions from 2002 through the present. This book was conceived and written as a result of the development of these courses and his experience as a corporate banker. It illustrates the fundamental issues of credit and credit analysis in a manner that tries to take away its mystery. The overriding theme of this book is that when an investor extends credit of any type, the goal is "to get your money back", and with a return that is commensurate with the risk. The goal of credit analysis is not to make "yes or no" decisions about the extension of credit, but to identify the degree of risk associated with a particular obligor or a particular credit instrument. This is consistent with modern banking industry portfolio management and the rating systems of credit agencies. Once the "riskiness" of an obligor or credit instrument is established, it can be priced or structured to match the risk demands or investment criteria of the entity that is extending the credit. A simple quote from Mr. J. P. Morgan is used often in this text - "Lending is not based primarily on money or property. No sir, the first thing is character". This statement represents one of the conflicts in modern credit analysis - that of models for decision making versus traditional credit analysis. The 2008 financial crisis was rooted in the mortgage backed securities business. Sophisticated models were used by investors, banks, and rating agencies to judge the credit worthiness of billions (and maybe trillions) of dollars worth of residential mortgage loans that were packaged into securities and distributed to investors. The models indicated that these securities would have very low losses. Of course, huge losses were incurred. Mr. Morgan had a good point. In this case is was both property and character. The properties that were the collateral for many of the mortgages had much less value than was anticipated. The valuation of the collateral was na�ve and flawed. Many assumptions were made that the value of homes would rise without pause. Many mortgage loans were made that were at or even above the appraised value of a residence.But character was a huge, perhaps larger, factor behind these losses. Many of the residential mortgage loans were made to individuals who knew that they did not have the income to make the required payments on the mortgages. Many of the mortgage brokers and lenders who made these loans also knew that many of the borrowers were not properly qualified. And, many of the bankers who securitized these loans also may have doubted the credit quality of some of the underlying mortgages. If bankers and rating agencies understood the extent of the fraud and lax standards in the fundamental loans backing the mortgage securities, or were willing to acknowledge it, the fiasco would not have occurred.
