How Credit Risk Professionals Can Help You
Credit risk is the risk that a borrower may not repay a loan, potentially causing the lender to lose the principal of the loan and its associated interest. The loss may be complete or partial. Some circumstances that can cause losses to arise include when a customer fails to make a payment due on a mortgage, credit card, line of credit, or other loan; when a business doesn't pay a trade invoice when due, or when a government grants bankruptcy protection to an insolvent consumer or business. Credit risk is calculated based on the borrower's overall ability to repay. Lenders look at factors like credit history, capacity to repay, the loan's conditions, the borrower's capital, and associated collateral.
Determining and reducing credit risks is a very important function to ensure that you receive what you are owed. Guru.com has the knowledgeable freelancers you need to help you reduce credit risks. Our freelancers are risk detection, fraud, and credit analysts who can provide you with recommendations and risk assessments on new customers/applicants. Using sophisticated programs, they offer credit monitoring, scoring, and identity verification. Their trained assessments will remove a lot of uncertainty between you and your potential customers. For focused, experienced credit risk analysts, don't leave it to chance. The very best freelancers are for hire at Guru.com.