All business have their own credit management needs, SAP allows you to specify your own automatic credit checks based on Credit Control Area. Unquantifiable Uncertainty Risk cannot be modelled because there is no data, so cannot be covered by traditional risk management practices or insurance; moreover extreme risk events (Black Swans) occur relatively frequently and result in business failures.
Such a package should be able to automatically grade the quality of the contracts in your portfolio so that if you find that the ratings are low- that is, your account portfolio isn’t performing as well as you’d like- you can increase the credit and debt ratio data numbers as the basis for purchasing of the future accounts.
As a first planning step the size of the challenge can be estimated by aggregating the ‘forced sale’ net disposable value of the entity’s assets; which could be referred to as the ‘Maximum Covered Liabilities’ (MCL) if no management action is initiated.
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.
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.