Credit Management

          

           The main objectives of credit is to have a profits  it is also take some area wherein the business will take their risk and somehow face the reality that there is a chances the debtor cannot pay their obligations to the creditor.

            The importance of credit management will collaborate between credit and collection. It is the vital functions of every credit manager. The percentage of having a 100% collection and 0% for uncollectible accounts should gave way to the company an effective credit management and attained a high income.

            The credit manager performs an important role in achieving the goals of the company. He or she must act an efficient and effective credit man. This manager occupies a very important position in the structure of credit economy.

            There will be varied activities to be performed by credit manager. Such as, investigating the credit position of the applicant or the debtor which will cover many areas namely; the purpose and the type of investigation to be conducted, the organizations policy, amount involved, classification of clients, and the resources availability.