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 A Message
From Our
President
Dear Valued Member,
Welcome to another issue of Equifax Advisor.
In this issue we’ll focus on two major challenges for growing businesses, fraud attacks and delinquent accounts...
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What variables are used to calculate delinquency and bankruptcy scores and where do they appear on the consumer credit report?
Kara Gowen,
Loan Service Representative II,
Prairie Centre Credit Union
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If you would like to submit a question email us at creditnews@equifax.com
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Automation: The Weapon of Choice in the Fight Against Fraud
Fraud. It attacks all aspects of credit risk, at all levels, with no regard for an organization’s size. Fraud and operational loss statistics generally go unpublished, treated as highly confidential and rarely discussed. Small and medium size businesses, which often do not have fraud investigation departments or the manpower to monitor all credit applications, are prime targets for fraudsters.
Early Detection: The Key to Successful Collections efforts
There’s good news for Canadian businesses, particularly those firms that take early steps to address delinquent accounts before they reach the collections stage.
New & Notable
How to approve more applicants with greater accuracy
Why IBM chose Equifax to support their banking industry framework
Are Canadians de-leveraging their debt?
The following are events of note:
September 23-24, 2010
Ontario Society of Collection Agencies Conference
Niagara Falls, ON
September 22-24, 2010
Canadian Finance and Leasing Association Conference
Edmonton, AB
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