Word: mondelli
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...Mike Mondelli, president of L2C, which uses historical phone payments and other records to assess an individual's creditworthiness, says his company's business accelerated in May and June of last year as it became obvious that more and more lenders were having loan problems. He says his company has signed on a number of new clients in the past year and that his clients are not using his company's data just to make new loans but also to better assess the risks of the loans they already have made. "Traditional credit scores do a reasonable job of separating...
RATHER MORE URGENT ISSUES than the Peron government's incompetence precipitated the March 24 coup. Argentine foreign debts of about $1 billion will be due at the end of May, and it is crucial that foreign creditors cooperate in extending repayment terms. Emilio Mondelli, the Peronist finance minister, had repeatedly pleaded with the International Monetary Fund (IMF) to borrow an additional $300 million to offset the country's trade imbalance. This request had repeatedly not been granted...
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