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Credit scoring basics. (Feature Article).
Introduction
The current state of the economy is one of the factors that has perked up corporate America's interest in credit scoring. The downsizing of credit departments and associated layoffs has left many companies with too few people to do a proper job of credit analysis, thereby leaving these companies in a quandary. They have to either increase credit department efficiency or be willing to accept a significant amount of additional risk inherent in a poor or non-existent credit review procedure. Credit scoring to the rescue!
Some Credit Scoring Benefits
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