Credit scoring: a consumer education perspective

Article Abstract:

The Federal Trade Commission Office of Consumer and Business Education aims to teach consumers the mechanics of credit scoring and credit-granting process. According to a consumer education material released by this office, credit scoring is defined as a system employed by creditors to ascertain the creditworthiness of consumers and to decide if they should grant credit to consumers. Creditors rely on credit applications and their credit reports to gather information about consumers and their credit experiences, which are then compared to consumer credit performance using a statistical program. This approach is objective because it uses real data and statistics. Consumers should pay their bills on time, pay down outstanding balances and refrain from accruing too much debt to improve their credit score.

Management, Services, Study and teaching, United States. Federal Trade Commission, Credit ratings, Consumer education

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1986 International Credit Conference: focus on the 3 R's; results, responsibility, and responsiveness

Article Abstract:

The 1986 International Credit Conference was held in St. Louis, and it was co-sponsored by: Associated Credit Bureaus; Credit Women-International; and the International Credit Association. The concept of networking in action underscored the entire conference, and the focus of the gathering was on past and future results. In addition to meetings, awards, and socializing, there were educational sessions pertaining to consumer education and credit controls.

Conferences, meetings and seminars, International Credit Association

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