ENDORSED QUALIFICATION AT LEVEL 3
With an Endorsed qualification through the Focus Award’s Focus on Quality Provision (FQP) Scheme, this highly practical and stimulating course is tailored to give students a solid grounding in credit control and debt management.
With a sharp focus on the core principles and disciplines required to ensure financial equilibrium, the skills you will gain on this course are highly transferable and extremely attractive to prospective employers. This course is particularly well suited to professionals and the self-employed, as it will also explore the tools and processes that are available to avoid financial problems and non-payment issues.
The Debt Management course explores a number of highly practical and fascinating units. You will learn how to cut down on credit, reduce the incidence of bad debt and even manage the internal calculations of discounts. Moving on, you will study effective credit control processes, how to carry out credit checks and how to analyse outstanding debt, to ensure a monitored and healthy cash flow.
Freelancers and the self-employed may find aspects of the course particularly useful, as they know only too well that when a customer doesn’t pay, it affects your ability to meet your bills and payments. This course explains the legal recovery processes available to you, along with other means of recovering owed money.
This course will also explore insolvency and bankruptcies, ensuring you are legally aware and compliant with legal processes, in order to get the highest dividend from administrators and receivers, should one of your customers fall into difficulties. The course will also equip you with practical advice on using factoring services, engaging bailiffs and private debt collection companies, and how to communicate with problem customers.
The Debt Management course has no set requirements. However, because of the nature of the course, an understanding of basic Mathematics is essential. This course is well suited to those seeking to advance their careers, as well as freelancers, professionals and the self-employed. All students are supplied a comprehensive study guide to make the course as accessible as possible.