Idaho Home Loans

Managing a Consumer Lending Business

Description

"Managing a Consumer Lending Business" summarizes the lore and the knowledge of the business as the new century begins. It covers many subjects a good manager should know: the importance of how to attract enough good accounts to offset the inevitable bad accounts that every lender will get, controlling line sizes, encouraging use by good customers/discouraging or controlling the bad customers, managing profitability with predictability, if he or she is to effectively run a high-volume consumer business.

Reviews

Rating: 2 / 5
Date: 2008-12-08
Summary: "Title is Misleading"

The title is misleading to say the least. If you want information on credit card lending that is very general, or how to build a credit scoring system, this book is a maybe.

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Rating: 4 / 5
Date: 2008-02-25
Summary: "Perfect simple book on complex issues"

Recommended to everyone starting career in consumer lending business or simply interested in...obtaining a loan. The book provides basics of customer acquisition, evalluation of applications, portfolio management and collections - more than enough to prepare for job interview, personal debt rescheduling plan and even preparation of bank's consumer lending business innitial strategy draft. The author does not go deep into detail and consumer bank profs would not probably find it very innovating. However, this a perfect overview tool, easy to read and reflect on our own successes and failures.

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Rating: 3 / 5
Date: 2007-07-14
Summary: "Managing a Consumer Lending Business"

I was looking for a solid foundation of facts and tried practices for retail banking employees could use to attrack new business. This book didn't offer that

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Rating: 5 / 5
Date: 2006-12-10
Summary: "Excellent book for beginners"

To people who are entering the profession of consumer lending, this is an excellent primer. It gives a 360 degree view of the business from acquisition and management of accounts to collections, recoveries and profitability analysis. While it doesn't cover any one topic in great depth, it is an ideal book for people starting off in this exciting business. I wish David Lawrence would write many more books. He has the art of explaining concepts in a clear manner. I really enjoyed this book.

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Rating: 5 / 5
Date: 2006-10-22
Summary: "An Excellent Guide for Retail Banking Marketers Entering Lending Business"

In market place, there are few books that are easy to understand but comprehensive to cover all respective area of consumer lending business. I have to say, this is one of the few. In the past, I acquired the personal lending knowledge from some credit scoring books with difficult math and serious multi-variable statistics. This title is not only easy even for marketing or sales persons to understand the basic concept but also good for new credit analysts or college/graduate students who just joined the business to have a whole concept. Strongly recommend this title to those who are in the marketing or business planning roles in retail lending business. It could help bridge the knowledge gap about the lending business and create some common langague with other functions, especially credit and collection. However, for those in credit function, this title is good for overall understanding but not detailed or comprehensive enough for risk management.