NACM Event Calendar


Teleconference: Commercial Credit Scoring Models: Pros, Cons and Legal Considerations
NACM Teleconference


Commercial Credit Scoring Models: Pros, Cons and Legal Considerations


General Information

Time: 3:00 - 4:30 pm EST added advantage 2011 sm
Cost: $129.00 per line

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Join attorney, Scott Blakeley, Esq. & Credit Professionals, Craig Combs and Virginia Soderman CCE to discuss the pros and cons of scoring models and the legal considerations associated with their usage.
Scoring Models are either loved or hated by most Credit Professionals. Regardless of your opinion, there are a few issues that a Scoring Model can address from a Legal, Analytic and Training point of view. In this presentation, the panelists will review some basics regarding Scoring Models and their functionality as well as some of the Pros and Cons in the Legal and functional arenas.

In this session, we will discuss:

• The basic concepts of scoring models and usage of the results

• How to identify the needs of your organization as it relates to scoring credit data points

• The decision to build or to buy

• How scoring models can provide a legal basis for credit granting.

• Once scoring models have signaled risk, steps to be taken to mitigate the risk.



Scott Blakeley is a founding partner at Blakeley & Blakeley LLP, where he advises companies around the United States and Canada regarding creditors’ rights, commercial law, e-commerce and bankruptcy. He was selected as one of the 50 most influential people in commercial credit by Credit Today and has been presented the Credit Ambassador Award from the Oregon Chapter of the National Association of Credit Management. He is also a member of the Board of Editors for the California Bankruptcy Journal, a contributing editor for NACM’s Credit Manual of Commercial Law, a contributing editor for American Bankruptcy Institute’s Manual of Reclamation Laws, and the author of A History of Bankruptcy Preference Law, published by ABI.

Virginia Soderman, CCE, is the Vice President, Credit – Ventura Foods LLC.  Virginia is responsible for managing Credit Risk and the AR function for the company.  Ventura Foods LLC is a national manufacturer specializing in edible oil related products, which is headquartered in Southern California. Ventura Foods provides finished food products to the Retail and Food Service sectors and ingredients to the manufacturing sector of the food industry.   

Virginia is a member of the Southern California affiliate of NACM – CMA.  She also serves on the Board of Trustees for the Credit Research Foundation, headquartered in Westminster, Maryland and on the Advisory Board for the National Food Service Manufacturers Credit Association.  Virginia is also a member of the Remittance Coalition Committee for the Federal Reserve Bank of Minneapolis. 

Craig Combs is the President of KYR Financial Services LLC.  KYR Financial Services LLC is an Industry Leader in providing credit scoring modules (Credit Wizard) designed to provide today’s Credit Manager with tools to help improve the credit review process, manage their credit risk while reducing costs associated with performing credit reviews.

Craig has over 20 years experience in the Credit Profession and has been designing credit scoring modules for over 10 years.

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