I have written previously how CITIBANK’s deceitful practices and predatory lending techniques functioned to almost send me into bankruptcy in 2003-2006. Amazingly, without me knowing it, U.S. Credit Management of Irving, Texas, who had already taken nearly 8000 dollars from my bank account in Texas, quietly decided to use a loophole and did in fact fully declare bankruptcy in late 2005. Irregardless, using a routine similar to this will prevent the requirement from appearing in MD04 for orders blocked on credit. An organizational unit that represents the area where customer credit is awarded and monitored.
Moreover, since I was registered living in Killeen, Texas at the time, I felt that having a local Texas State or regional company handle my debt management and negotiations with tough-guys like CITIGROUP would be very beneficial in both the short and long terms.
Common business risks are well understood and can be anticipated, so owners or executives having read my book Global Credit Management – an Executive Summary, for example, will undoubtedly put in place measures to ensure the durability of their business should common risks arise.
As more and more consumers find themselves deeper and deeper in unsecured debt (think credit cards), more and more for profit credit counseling services have sprung up. Some of these services are very good and very fair, but be aware that not all of them are.
My purpose in writing this book was to fill the gap that I perceive exists in the technical literature relating to enterprise risk management. Operating in the real world of business, as opposed to the purely financial world that only makes money, means facing future risks; hence Risk Management is about Managing the Future. The 108 pages are full of practical strategies and tactics for the management of the risks that injure real businesses. If the customer places another order for $ 30,000 more, he now exceeds the credit limit set for him.