Credit Scoring Fundamentals
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This course provides delegates with a fundamental understanding of the key issues involved in credit scoring. It takes a pragmatic look at how scoring works, the impact it has on your business and the importance of getting it right in order to make informed consumer lending decisions.
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Further Details
Delegates will learn
- The concept of credit risk, and how accurate measures of credit risk are vital if profitable lending decisions are to be made.
- The criteria that makes an individual creditworthy.
- The two main approaches to assessing creditworthiness - judgemental lending and credit scoring - and the benefits and drawbacks of each.
- How to calculate example credit scores.
- How to make lending decisions based on an individual's credit score.
- When it is appropriate to use policy rules to override score based decisions.
- Where credit scoring sits within the wider credit management infrastructure and how it is implemented within decision making systems.
- The legal/compliance issues involved in credit scoring.
- How credit scoring models (point in time models) act as an input to capital requirements calculations for Basel II.
- The different points in the credit lifecycle where credit scoring can be applied.
- How to plan, document and audit the processes required to ensure a new credit scorecard is successfully developed and implemented.
- The key steps involved in building a credit scorecard.
- Common terms used by credit risk professionals.
This Training Course is taught in classrooms in the following locations:
Wakefield
Information provided is for information purposes only and no guarantees are made with regards to accuracy. It is advised that all details are checked prior to making a booking. Contents © 1999 - 2012. All rights reserved.
