Exact(1)
Creditors take this information and compare it to the credit performances of people with similar profiles.
Similar(57)
"Credit performance has been improving, and we remain cautiously optimistic about the outlook".
Bank executives were also pleased with the improvement in credit performance.
"Our results reflect a focus on increasing customer volumes while maintaining expense discipline and improving credit performance".
It specialises in lending to professional landlords with several properties, and claims the credit performance of its £8.2bn buy-to-let mortgage portfolio is "exemplary".
"The loan books continue to be carefully managed and the credit performance of the buy-to-let book remains exemplary," Paragon said.
"Unless income, assets and credit performance are equally distributed among all racial and ethnic groups, any approach based on something even as basic as a credit score will produce a disparate impact," says Thomas Noto of Morrison & Foerster, a law firm.
But modelling credit risk in this way is much harder, not least because data about past credit performance are scarce.Another market-based system of regulation has also received some attention.
Since then, we have taken steps to make it more difficult for securities in the sectors that have displayed poor credit performance in the financial crisis to receive high ratings in the future.
Nortel Networks, a communications equipment maker that is losing money, said it was amending its agreements with some bank creditors, permitting it to use assets already pledged to them as security for new letters of credit, performance bonds and other liabilities.
Kristof and WuDunn tend to pussyfoot around the reasons that the preferred clients for microcredit are female: firstly they suggest that poverty has greater impact on women; the business reason is that women's credit performance is better than men's; the moral reason that women don't spend the money on their own immediate gratification, but invest it in family, business and community.
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