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Course Overview
Embark on a transformative learning journey with the UK’s most innovative home study provider, offering courses designed to unlock your true potential and facilitate the career change you desire. Access our distance learning courses directly from anywhere, anytime, and acquire industry-recognised Professional Qualifications essential for advancing in your career.
Specifically, explore the flexible and convenient Credit Control and Risk Management Level 4 course, an ideal way to gain a diploma qualification. Whether you aim for further education, improved job prospects, or expanded knowledge, this comprehensive course allows you to prepare thoroughly for exams or careers through home study. Plus, it’s structured to be accessible and beneficial even if you have no prior knowledge in Credit Control and Risk Management.
The Credit Control and Risk Management course is a comprehensive exploration of advanced financial practices tailored for professionals seeking expertise in credit control and risk assessment. This course provides a deep understanding of credit management principles, risk evaluation methodologies, and strategic financial decision-making. Participants delve into analysing financial statements, assessing creditworthiness, and developing effective credit policies. The curriculum covers risk mitigation strategies, empowering individuals to identify, evaluate, and manage financial risks within diverse organisational settings. Additionally, learners explore compliance requirements and regulatory frameworks relevant to robust credit control and risk management, enhancing their proficiency in this critical aspect of financial stewardship.
Course Key Topics
the Credit Control and Risk Management (Level 4) course is divided into 6 modules.
Module 1: Introduction to debt
- When is debt a problem?
- Causes of personal and business debts
- Individual personal circumstances that can lead to debt
- Economic factors that can lead to debt
- Circumstances that can lead to business debt
- Other factors that can lead to debt
- Types of borrowing
- Creditor’s rights
- Non-court actions available to creditors
- Collecting debt through the court
- Enforcing the Judgement
- How long can a creditor pursue a debt for?
Module 2: Consumer credit
- What is customer credit?
- Benefits of offering customer credit
- Risks of offering customer credit
- Common regulated consumer credit activities
- Acquiring consumer credit authorisation from the Financial Conduct Authority (FCA)
- Preparing an application for FCA authorisation
- FCA rules that must be followed
- Business to Business Lending Regulation UK
- The business’s credit policy
- Customer credit agreement
Module 3: Credit risk analysis
- What is credit risk?
- Types of credit risk
- What is credit risk analysis?
- Types of information used when analysing credit risk
- Methods used to analyse credit risk
- Checking an individual customer’s likely ability to pay back debt
- Credit reference agencies
- Credit reports
- Credit check results
- How credit scores are used
- FICO Scores
- Checking a business customer’s likely ability to pay back debt
- Doing more research
- Obtaining bank references
- Contacting other suppliers
- Asking for supplier references
- Adopting the pro-forma approach
- Checking published accounts
- Obtaining a credit report from a credit bureau
- The “5 cs of credit.
- What to look out for when credit checking business customers
- Credit risk modelling
- Types of credit risk models
- Mitigating credit risk
- Applying restrictions to the credit agreement
- Diversifying
- Credit insurance and derivatives
- Knowing when to end a business relationship
Module 4: Factoring and Invoice Discounting
- What is factoring?
- The key parties involved in factoring
- The factoring process
- Characteristics of factoring
- What is invoice discounting?
- The differences between factoring and invoice discounting
- Different types of factoring and invoice discounting
- Using factoring as a means to reduce risk
- Using invoice discounting as a means to reduce risk
- Disadvantages of factoring
- Charges and payments associated with factoring
Module 5: Negotiating with creditors
- Determining the debtor’s position
- Using a flexible, fair and realistic approach to collection
- Options available to a customer who has debts
- Tackling secondary debts
- Loan consolidation
- Debt Management Company
- An Administration Order
- Individual Voluntary Arrangement (IVA)
- Starting the collection process
- Negotiating a payment plan
- Recording details of the payment agreement
- Further debt recovery actions
- Skills required when negotiating and collecting debts
Module 6: Business management
- The manager’s role- Personal skills
- Setting objectives
- Planning
- Decision making
- Delegating
- Motivating
- Organising
- Time management
- Managing People
- Recruitment
- Reviewing progress
- Development
- Team working
- Building an effective credit control team
- Managing Information
- Collecting information
- Organising information
- Communicating information
- Managing Finance
- Cost analysis and control
- Financial information
- The balance sheet
- The profit and loss account
- The cash flow statement
- Budgeting
(Please click on the curriculum tab above to see a detailed view of each module)
Course Content
Credit Control and Risk Management (Level 4) – FREE Starter Pack
How to…. (a series of explainer videos)
Module 1 – Introduction to debt
Module 2 – Consumer credit
Module 3 – Credit risk analysis
Module 4 – Factoring and Invoice Discounting
Module 5 – Negotiating with creditors
Module 6 – Business management
Course Resources
Final Exam
College Announcements
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🌐 Why Opt for Our Credit Control and Risk Management Course
The Credit Control and Risk Management Level 4 course, presented by Open Learning College, is your key to mastering advanced financial practices. Dive deep into six comprehensive modules covering debt, consumer credit, credit risk analysis, factoring, negotiating with creditors, and business management.
💪 What Sets Our Course Apart
In-Depth Modules: Gain expertise in debt management, consumer credit, credit risk analysis, factoring, negotiation skills, and business management.
Practical Insights: Learn from real-world scenarios, case studies, and hands-on applications to enhance your decision-making abilities.
Flexible Learning: Tailor your study schedule with 24/7 access to course materials, accommodating your professional commitments.
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*This discount code cannot be used in conjunction with any other offer.
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