Credit Research Center: the first ten years

Article Abstract:

The Credit Research Center, founded in 1974 by Purdue University's Krannert Graduate School of Management, conducts research on credit and consumer trends related to public policy, consumer behavior, and managerial decision systems. The Center also publishes research papers and monographs that originate with its sponsored research efforts; prepares the bimonthly publication, Monitor; provides a computerized bibliography of more than 11,000 references related to both consumer and mortgage credit and credit research; and answers telephone and correspondence questions related to credit. Some of the achievements and research efforts of the Credit Research Center are recounted in honor of its ten-year anniversary.

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Credit after bankruptcy: a problem of incentives

Article Abstract:

Creditors may be playing a more significant role than the poor economic climate in the continuous rise in personal bankruptcy petitions. Competition for new accounts has relaxed regulations in the screening of risky customers and has made credit readily available to customers shortly after insolvency. In the past, the idea of being labeled a 'financial failure' and the possibility of being denied credit for 10 years have served consumers effectively in deterring bankruptcy. The results of a study done by the Credit Research Center at Purdue University indicate that these deterrents have considerably lessened in value. Consumers of the 1990s have more incentive to borrow and less incentive to save.

Consumer credit, Bankruptcy, Credit management

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The charge-off market place: who's out there are what are they doing?

Article Abstract:

There is no standard way of buying or selling charge-off accounts even though this practice has been around since 1983. Creditors and buyers have yet to agree on methods for initiating a sale, examining portfolios, attracting the right buyers and evaluating the results. To find out the latest trends in the charge-off market, a survey was conducted of 91 buyers, 33 sellers and 96 prospective sellers. Most of the respondents reported that they sell their charge-offs to gain immediate cash flow, to minimize costs, to obtain a high rate of return and to take advantage of the predictable recovery rate. Majority of the buyers claimed that they buy because there are plenty of charge offs for sale.

Accounts receivable

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