There are no set requirements, but most credit managers have already gained experience and qualifications as credit controllers, sales administrators or debt collection agents. It needs to be mentioned here that, today, unless banking institutions do not take a firm committed step towards a viable credit management system, and integrate the policies within their operational culture, it will be difficult for the sector to meet any broader objective, which importantly includes improved shareholder returns.
With competition growing in the provision of financial services, there is a need for the banking and financial institutions to identify new and profitable business opportunities, and as such, it is inevitable that the policies on credit management have to change.
These mini- or industry specific or geographically localised or single supply chain related incidents may only directly touch a single business, a group of connected businesses or the businesses within a region however they almost inevitably prove fatal in respect of those businesses directly or indirectly affected.
Most micro finance institution has trend they best by ensuring that the services offered meet the demand of clients that operation area are as efficient as possible and cost are minimized that the fee and interest rate are sufficient to cover cost and that client are motivated to repay loans.
Credit bureaus can provide credit reports only to: lenders from whom you are seeking credit, lenders that have granted you credit, phone and utility companies that may provide services to you, your employer (only if you agree), insurance companies, government agencies and anyone else with a legitimate business need for the information (e.g. landlords or banks).Tags: counseling, credit, management
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