Credit Control Training Course
This Credit Control training course teaches effective chase techniques, how to tackle common excuses for non-payment, and how third parties and the court can help you reclaim debts. It also explains your legal rights regarding charging interest on overdue accounts and what type of relief you can claim if you’re left with bad debts. With this knowledge, you’ll be able to offer credit to customers with as low a risk as possible and chase overdue payments effectively.
If your business offers credit to customers, it needs to have an effective credit control process in place. Credit control helps you reclaim debts from customers and avoid offering credit to untrustworthy ones in the first place. This is crucial if your business wants to gain the benefits of offering credit while avoiding the associated risks, particularly poor cash flow.
- Developed by business professionals
- Accredited by CPD
- Fully online course and assessment with no time limits
- Full audio voiceover
- Approximate duration: 2-3 hours
- On completion, certificate is posted the next working day
Who should take this course?
Anyone who handles a business’s finances and manages customer accounts should learn how to effectively control credit. If you’re planning to become a dedicated credit controller who chases payments, this course will be especially beneficial. No previous knowledge is required so anyone at any level of a business can take the course.
On successful completion of the course you will be sent a quality assured certificate through the post the next working day. This can be used to provide evidence for compliance and audit.
All of our courses are accredited by the CPD Certification Service as conforming
to universally accepted Continuous Professional Development (CPD) guidelines.
Screenshots (click to view)
If you wish to try this course then register for a demo by clicking the 'interactive demo' button. You will be given the option to purchase and continue with your course at the end of your demo!
Interactive Demo »
The course is divided into five accessible, interactive modules and includes an assessment at the end:
Download Course Overview
- Introduction to Credit Control – what is credit control, why is credit control important, the abilities of a good credit controller, and the responsibilities of a credit controller.
- Creating Contracts and Credit Checking – new customers, credit checking, credit insurance, contracts and invoices, and late payment legislation.
- Collection Procedures – communication methods, the chase cycle, chasing payment: the first call, common excuses for non-payment, chasing payment: the second call, chasing payment: the third call, chase letters, example letters, and next steps.
- Third Party Collectors and Legal Action – debt collection agencies and solicitors, legal action, letter before action, submitting claims to court, preparing for a court hearing, and further court action.
- Statutory Demands and Other Actions – statutory demands, bankruptcy and winding up, voluntary arrangements, administration orders, VAT and tax relief, and default accounts.
Aims of the Credit Control course
By the end of this course learners will:
- Understand why controlling credit is important and what skills they need to be a good credit controller.
- Know how to offer credit to customers in a low risk way, i.e. by using credit application forms and carrying out credit checks.
- Recognise their right to charge interest and other costs under the Late Payment of Commercial Debts (Interest) Act.
- Learn techniques that enable them to effectively chase payment via phone calls and letters.
- Know how to address common excuses for non-payment.
- Understand how third parties (including debt collection agencies and solicitors) and the court can help chase payment.
- Recognise what further steps they can take if the debtor will still not pay, including sending statutory demands.
- Know what type of relief they can claim back if they are left with bad debts.
The online assessment is taken on completion of the training material. You will
be asked 15 multiple choice questions with a pass mark of 80%. The
answers are marked automatically so you will instantly know whether you have passed.
If you don't pass don't worry! You can take the test as many times as you need with
no extra charge.
Other Courses You May be Interested In
This Business and Corporate Taxation course is designed for those in charge of a business' finances. It explains how to calculate and submit different types of tax, as well as how to get the most out of business expenses with tax reductions.
Learn More »
This Data Protection training course aims to help learners understand what their responsibilities are under the UK's data protection law, including the GDPR. The course explains how to collect and process data legally, obtain consent where required and ensure data security.
Learn More »