Hunan Chengwei Credit Risk Management Co., Ltd. was established on 20 15, and its address is located in Loudi City, Hunan Province. Its business scope covers: long-term small bad debt management services of bank credit cards, small bad debt management services of banks and non-bank financial institutions, and provides training and transportation of all kinds of talents, development, construction and licensing of intellectual property rights for the small bad debt management industry.
Introduction to credit risk:
It is the possibility that the borrower fails to repay the debt or bank loan in full and on time for various reasons, which violates the credit risk contract of the fund industry. In the event of default, creditors or banks will bear financial losses because they can't get the expected income. Credit risk is caused by two reasons.
The periodicity of economic operation; In the period of economic expansion, credit risk is reduced, because strong profitability reduces the overall default rate. In the period of economic contraction, credit risk increases, because the overall profit situation deteriorates, and the possibility that borrowers cannot repay in full and on time for various reasons increases.
Special events that have an impact on the company's operation occur; The occurrence of this special event has nothing to do with the economic cycle and has an important impact on the company's operation.
For example: product quality litigation. Take a concrete example: when people knew the fact that asbestos had an impact on human health, product liability litigation led to the bankruptcy of John Mainville, a famous company in the asbestos industry, and it was unable to repay its debts.