The Four Main Types of Credit Risk Profile
In the debt collections industry - and even the wider world of finance beyond it - understanding and managing credit risk is paramount for businesses and financial institutions alike. An initial credit risk profile serves as a great way to assess an entity's creditworthiness and probable behaviours and preferences when it comes to various aspects of debt collection. In this article, the receeve team explain why that is by taking a closer look at the nuances of credit risk profiles, exploring the four basic types of credit risk profiles (as well as some others) and shedding light on the factors that influence them.