data envelopment analysis in credit risk
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Credit repair is a process a debtor must take to fix past financial mistakes in order to make future financial contracts possible, it is an option at the more and more people are taking advantage of and a broad term used to depict the process of rehabilitating a person's credit standing.
Credit Repair Advices :
Cards you not used - Although it is believed that having too many credit cards can have an adverse affect on a credit score, closing lines of credit can not improve the score and may even hurt it. The credit rating formula looks at the difference between the amount of credit you have and the amount being used, so reducing the total credit can make the balance carried seem larger and take points off the score.
As a result of data protection legislation in the United Kingdom many organisations now require telephone callers to disclose personal details such as date of birth and mother's maiden name before they will enter into discussion. This allows eavesdroppers to collect this data. As a consequence more people are now giving "password responses" on being asked for such information, e.g. by telling the bank their mother's maiden name is Password rather than Smith.
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