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August 05, 2009


Anthony Demangone

A reader from Indiana makes a good point. Within the first year, a credit union could raise the rate on a member who misses a payment and is 60 days delinquent. But here's the rub. The member has to be 60 days delinquent, and you have to give 45 days notice. So...you're be far into the first year before you can use that avenue. I could have mentioned that, but I really was trying to just point out that risk-based pricing methodolgies will be greatly hamstrung as we move forward. And I'm not really sure hamstring should be used as a verb. Ever.


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Michelle Boudreau

Risk based adjustments and guidelines to risk managements are important for credit card users in order to prevent uncertain results of mismanagement .

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