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Initiative to save failing businesses may affect creditors

The Chartered Institute of Credit Management (CICM) has expressed concerns over a recent move proposed by the government, which could have serious consequences for creditors. The move proposed, similar to the USA’s chapter 11, aims to ensure businesses that are distressed yet viable can be rescued quickly from insolvency. The government has previously stated that … Continued

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5 skills you need to succeed in credit control employment

Credit Controllers have one of the most challenging yet important roles in a business, and a good Credit Controller is hard to find. Recovering unpaid money from individuals or businesses is a job that requires a variety of different skills to succeed, many of which are hard to teach. Past experience in office work, customer … Continued

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Interview questions to ask when hiring credit analysts

Credit Analysts are tasked with assessing the credit ratings of people or companies after they have applied for credit and must determine the likelihood of a borrower repaying their financial obligations. The role is a highly responsible one, as employers put a lot of trust in the decisions made by credit analysts. A credit analyst … Continued

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Is debt collection the right career for you?

Public and private sector companies are nearly always looking to hire people for debt collection and debt recovery jobs. Debt collectors are central to the maintenance of company cash flow, which makes them integral to any type of company. On a daily basis they are responsible for recovering old debt owed by customers or clients. … Continued

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A recruiter’s guide to hiring credit control staff

If you work for a company that’s struggling to chase debts owed by clients or customers, it might be time that you looked at hiring somebody in Credit Control who can really improve your ability to collect outstanding invoices. Credit Control staff, such as debt collectors, are what many companies go for when they’re in … Continued

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