Essays on Credit

There are a lot of reasons for which Vancity has become the largest credit union in the nation, one of which is their remarkable competitive advantage. Vancity has accumulated over 19.8 billion dollars in assets which is an increase of 900 million percent since they…

Since the system will only be introduced nationwide in 2020 and hardly any work has been written about it, this topic offers me the opportunity to write informally. Of course, there are several trusted web sites on the internet that will break up the topic…

Operational risk is a loss resulting from inadequate or failed internal processes, people and systems or from external events. Operational risk as the term already indicates, the potential losses associated with operating or “working” in the broadest sense can be well illustrated by examples, but…

A decent CIBIL score can help you in accomplishing a large number of your life objectives easily. Regardless of whether its that fantasy house that you have been arranging or the fantasy excursion, you have been desiring, access to credit can facilitate the procedure considerably….

Executive Summary The Earned Income Tax Credit (EITC) is a refundable tax credit that is of greatest benefit to America’s working poor. It appeals to Republicans because it is pro-work and pro-family and to Democrats because it is an effective safety net that has pulled…

Credit Default Theory The relevance of this theory is seen in a situation where an indirect relation between the effects of loan default and the financial performance exist. This theory has been hypothesized by one scholar, Sy (2007) who delineates credit default for a secured…

Why Golden 1 Credit Union is better than most banks When you think of banks, you consider your options due to the fact that you need a place to store your hard earned money. You realize that there are so many banks to choose from…

Social Credit System (SCS) refers to the system which allocates every individual and organisation a credit score with a vision of steering the behaviour of citizen and compliance of organization with government regulations to create a credit society. This paper introduces practices of SCS with…

Credit Score in Relation to Employment Methodology This paper aims to prove that credit reports do not define who an individual is and should not be a consideration in the hiring process for employers in general. This paper and research study wishes to prove that…

The ideal system of monopoly and also centralization based on the traditional system of banking is basically considered to be one of the major hindrances to the scalability of the traditional system of banking. Whereby all decision taking coupled with flow rate and interest rate…