Decisioning Statement
What is decisioning and why is it important?
In the financial sector – especially at banks and credit card companies – expedited decisioning is needed to notify customers and clients if they qualify for a loan or credit.
The credit decisioning process if a critically important step because a poor decision to extend credit can result in an eventual default – which necessitates writing-off the loan and thus a decrease in the business’ profitability. However, an overly stringent credit decisioning process will result in too little lending as well as missed opportunities to lend at more lucrative rates.
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Business Briefing / COURTS; Lake Las Vegas files Chapter 11
The owners of the Lake Las Vegas Resort, a 3,592-acre residential and resort development in southern Nevada, have filed for Chapter 11 bankruptcy protection. The filing in U.S. Bankruptcy Court in Las Vegas came about six months after LLV Holdco, a subsidiary of Las Vegas-based Atalon Group, took over ownership and management of the luxury community in Henderson from owners who defaulted on $540 million in loans. The new owners cited "poor liquidity, substantial debt service, [and] extremely cha...
7/19/2008 12:00:00 PM
News & Issues - Business/Financial News
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