Article Abstract:
The credit industry is constantly being subjected to forces of change. Given the turbulence of the industry, credit managers cannot use past successes as bases for present or future performance. Industry leaders need to be able to compete, both domestically and globally, if they want to remain in the business. A competitive company continually strives to be tougher, leaner, faster and more diverse than the competition. In the 1990s, the areas where competition in the credit industry is fiercest include customer base, internal leadership, the right location for headquarters, community involvement, human resources, diversity management, technology, corporate education and training, and communication with government officials.
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Article Abstract:
The International Credit Assn (ICA) seeks to improve credit education through its National Credit Education Week (NCEW) program. Local associations of the ICA are encouraged to develop their own activities for the NCEW and make use of the credit education programs under the Challenge 2000 initiative. The ICA provides a wide range of educational materials specifically designed for adults, for high school students or for use in training programs for entry-level staff. The ICA also offers some suggested activities for the NCEW, such as Speakers Bureaus for local associations and essay contests for students. The NCEW could benefit from increased exposure through proclamations by the mayor or governor of an area.
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Article Abstract:
Credit Bureau Inc and Management Decision Systems have developed a model to predict the tendency of a credit consumer to go bankrupt within a 12 month period: the Delinquency Alert System (DAS). DAS can be used by banks, financial, or retail organizations for various purposes: to compare their customers with DAS bankruptcy profiles; to set, raise, lower, or stop credit lines and limits; to reevaluate old customers; to set priorities for collection order; to reactivate reliable old accounts or drop unreliable ones; and to seek new accounts.
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