Credit Control & Debt Management

When customers don't pay you, it affects your ability to pay your own bills. The Credit Control & Debt Management course details what's required to implements the legal recovery processes through the courts and other means of getting the money in.

Insolvency and Bankruptcy are explained, and the means of ensuring you are able to follow the legal process. In order to get the highest dividend from administrators and receivers in the unfortunate event, one of your customers falls into this area.

There is practical advice on using factoring services or invoice discounting, engaging bailiffs and private debt collection companies, and how to communicate with customers who claim to have payment difficulties.

Credit Control and Debt Management training course gives you a solid grounding in effective credit control and debt management. Which will help you understand what processes and tools are available to proactively avoid financial problems.

Objectives:

At the end of the Credit Control and Debt Management, you will be able to :

• Learn methods of controlling credit
• Investigate methods of credit checking
• Examine the use of the courts and debt management agencies in recovering debt
• Describe how to collect debt by letter and telephone
• Have a thorough understanding of principles and practice of controlling credit