Table of contents

Credit Scoring and Its Applications is recognized as the bible of credit scoring. It contains a comprehensive review of the objectives, methods, and practical implementation of credit and behavioral scoring. The authors review principles of the statistical and operations research methods used in building scorecards, as well as the advantages and disadvantages of each approach. The book contains a description of practical problems encountered in building, using, and monitoring scorecards and examines some of the country-specific issues in bankruptcy, equal opportunities, and privacy legislation. It contains a discussion of economic theories of consumers' use of credit, and readers will gain an understanding of what lending institutions seek to achieve by using credit scoring and the changes in their objectives. New to the second edition are lessons that can be learned for operations research model building from the global financial crisis, current applications of scoring, discussions on the Basel Accords and their requirements for scoring, new methods for scorecard building and new expanded sections on ways of measuring scorecard performance. And survival analysis for credit scoring. Other unique features include methods of monitoring scorecards and deciding when to update them, as well as different applications of scoring, including direct marketing, profit scoring, tax inspection, prisoner release, and payment of fines.

This book is a need to know roadmap for an individuals journey to comprehend the secrets to Personal Credit and financial freedom. It provides knowledge on the how and why of Credit: How & Why to Get It How & Why to Grow It How & Why to Repair It How & Why to Maintain It It provides a simple approach to the fundamental principles of attaining Personal Credit and financial freedom that are not taught in schools. Thus, this book is essential for our younger generation to ensure that healthy financial decisions are made early in life. Moreover, for our not so young generation, this book is important for those of us who may not have known that these principles work in the manner described by the author. Decide well. Live well. Experience the difference. John Maxwell, author of Thinking for a Change, says One of the reasons people dont achieve their dreams is that they desire to change their results without changing their thinking. He also quotes billionaire entrepreneur Richard M. Devos who states, The only thing that stands between a man and what he wants from life is often merely the will to try it and the faith to believe that it is possible. In the lands of my birth and rebirth, I learned to payback what I borrow and not to think narrow. For every problem there is a solution and for every solution there is a problem! The problems of debt and lacking access to Capital are common amongst millions of people worldwide. This book guides the thinking and behavior of individuals in attaining the ultimate goal of Personal Credit and financial freedom. It is also a practical tool for creating ones own solution to eliminating the problems of debt and obtaining access to Capital. Get your copy today!