Cost Cutting / Portfolio Performance
1% Cost Cutting > Improve P&L by 1%
Internal pressure: Company governance vs. democracy
Un-flexible outcome: Lost internal resources are hard to replace
1% Decrease of Pre Charge-off > Improve P&L by 4.33*%
Cooperation: Track the debt collection data
Inhouse & Outsourced: Teams to work together
*example of 100 loans each $10,000 and charge-off 10% decreased to 9%