Sources of Credit Reports/Activities
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Unit 3.1-Sources of Credit Reports |
Introduction | Components | Purpose | Direct Sources | Other Sources | Indirect Sources | Summary | Resources | Activities | Assessment |
Activity
[edit | edit source]Discussion
In discussion groups, determine what the various elements of a credit report mean and what risk factors would need to be evaluated when considering extending a line of credit to a customer.
Process
It is Friday at 3 PM, and you have to make a credit decision on a large, first order from a new customer. You need to decide if using a “direct” investigation or “indirect” investigation will work best. Your sales department is expecting you to make a decision by 5 PM the same day.
Outline the process and alternatives you have to complete the investigation.