What is consumer credit management?

Provided by the Springer Nature SharedIt content-sharing initiative Policies and ethics This book is about the management of consumer credit; that is, the methods and practices employed by financial services organizations to manage the credit relationships they have with their customers.

What is credit management?

A credit management is your company’s action plan to guard against late payments or defaults by your customers. An effective credit management plan uses a continuous, proactive process of identifying risks, evaluating their potential for loss and strategically guarding against the inherent risks of extending credit.

Can credit counseling help with debt management?

Reputable credit counseling organizations can also help you build a budget and refine your money management. Qualification for a debt management plan usually hinges on the type of debt you have, how much you owe and your overall budget. Debt management companies may only be able to enroll certain types of debt, such as: