The Management of Consumer Credit

Accounts Receivables Management

“…The finding seems to align to Finlay (2008) who indicated that before a debt can be made, both the debtor and the creditor must agree on the manner in which the debt must be paid. Kimmel et.…”

“…al. (2011) partially agree with Finlay (2008) but made a strong point that irrespective of the best efforts of companies to research into the companies to whom they extend credit, problems can, and frequently do arise.…”

“…According to Fabozzi and Peterson (2003) whenever a company decide to sell to customers on credit it create accounts receivables. Repayment of debt is critically to the liquidity position of any company, it is important for debtor and creditor to agree on how the debt will be settled before the debt must be granted as advised by Finlay (2008). In management of debtors, it is imperative to ensure that repayment of the credit sale is done within the agreed period and most importantly with the minimum administrative cost to the company as suggested by Paramasivan and Subramanian (2009).…”

An Analysis of Big Data Analytics, IoT and Augmented Banking on Consumer Loan Banking Business in Germany

“…Those two different sources of revenue also weighting the same importance for both bank and for economics point of views. Thus, many large and international banks incorporate both commercial banking and corporate banking into their own business lines (Finlay, 2008).…”

“…The Fintech industries possess disruptive Consumer loans clear definitions are considerably broad, on the dictionary of baking and finance (Collin, 2003) state consumer loans are a credit given by the merchant, shop, bank to the costumer to enable them to buy the goods or services. The oxford dictionary of the dictionary of finance and banking (Smullen & Hand, 2005) emphasized the duration of consumer loans as "short term lending to the public" it is somehow insufficient as the phrase of short term not being fully elaborate the definite meaning (Finlay, 2008). Another research also underlines the time period of consumer loans, consumer loans are the loan that including short and intermediate period of loan that can be for costumers finance their personal consumption of the commodities and service (Malhotra & Malhotra, 2003).…”