Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. Economic downturns alter the credit memo's content and process to capture credit risk. Mitigate credit risk and drive growth – even in a recession.

Credit Risk 78

Credit Risk CECL Credit Unions Default 78

Your Virtual Credit Manager

FEBRUARY 13, 2024

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency.

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

FICO Blog

DECEMBER 8, 2022

Leveraging FICO Resilience Index to refine credit risk management decisions during benign economic phases defends against dramatic swings in delinquency rates and provides for a more consistent portfolio risk management approach over time. Of course, credit risk management is only one aspect of portfolio health.

Credit and Collections 52

Credit and Collections Default Credit Risk Transactions 52

Fundera

SEPTEMBER 18, 2018

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. 13 Lesser-Known Factors That Can Affect You Credit Score.

Credit Scoring 93

Credit Scoring Small Businesses Credit and Collections Collector 93

Abrigo

DECEMBER 22, 2023

The most-read portfolio risk blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool."

CECL 88

CECL Credit Unions Default Credit Risk 88

Abrigo

APRIL 7, 2022

Suppose your institution’s loans are well-secured and strongly underwritten, and you rarely have defaults or loss events. But generally, institutions in this position experienced an increase in reserves in the Great Recession due to risk and saw realized losses between 2008 and 2010. Portfolio Risk & CECL. Whitepaper.

CECL 78

CECL Credit Unions Credit Risk Default 78