AN OVERVIEW OF CREDIT REPORT/CREDIT SCORE MODELS AND A PROPOSAL FOR VIETNAM

Title: AN OVERVIEW OF CREDIT REPORT/CREDIT SCORE MODELS AND A PROPOSAL FOR VIETNAM
Authors: Le, Duc Thinh
Keywords: Credit history;Credit report;Credit score;FICO scores
Issue Date: 2017
Publisher: VNU Journal of Science
Series/Report no.: VNU Journal of Science: Policy and management studies;Vol.33, No. 2 (2017)
Abstract: Having a national credit database system would help financial institutions (FIs) reduce credit risk and reduce non-recovered bad debts. The government will feel at ease when FIs and the people are protected from bad debts in a sustainably developing and transparent market. On the other hand, borrowers will also receive benefit. Those who have good credit history will be provided with a more favorable interest rate and less requirements, or even without collateral. In 2014 the Vietnam National Assembly passed the Citizen Identity Law, which requires the government to issue a unique lifetime personal identification number for each citizen (starting 2016). This will play a crucial role in building a national credit database system. In this article we will give an overview of credit report and credit score models, mainly in the United States. Based on that, we draft a detailed proposal for a national credit database system which can be implemented in Vietnam.
Description: p. 36-45
URI: http://repository.vnu.edu.vn/handle/VNU_123/60455
Appears in Collections:IS - Papers

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