Blogs

DEVELOPING SAVING HABITS

Saving is a form of discipline that requires training and commitment. Through saving we become generous to ourselves and to others, saving give us an insight into the future and enable us to achieve our life goals. Saving wealth involves conservation of resources that we generously waste without ...
Read More | 0 comments |Posted by:CCP Zipporah Gikonyo


CREDIT POLICY

 



What is a credit Policy??



A credit policy is a document containing a set of decisions to be considered when extending goods and services on credit. It tries to answer the folowing questions;



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CREDIT MANAGEMENT CERTIFICATE & DIPLOMA

CREDIT MANAGEMENT LEVEL 5 CERTIFICATE



EXAMINING BODY- TVET CDACC



COURSE DURATION- 1 YEAR



COURSE UNITS



Credit management certificate level 5 qualifications consists of competencies that an i...
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COLLECTION SLOGANS FOR EVERY CREDIT DEPARTMENT

The following slogans have been found valuable for ages and every credit department must adopt them for successful cash flow management.




  • A sale is not complete until it has been paid for and cash realised.

  • Every shilling earned in a company comes through credit depart...
    Read More | 0 comments |Posted by:CCP Zipporah Gikonyo

    WHY BUSINESSES EXTEND GOODS AND SERVICES ON CREDIT

    Extending goods and services on Credit in the past was looked at,a direct ticket to ruining a business,selling on cash was a requirement for business success and It is no wonder there are stickers in some businesses and public service vehicle that carry a message " For Credit come tomorr...
    Read More | 0 comments |Posted by:Zipporah Gikonyo


    HOW TO MAKE RECEIVABLES/DEBTS HARDER TO COLLECT

    No one really WANTS to make their receivables harder to collect, but during our debt collection activities at Credit and Debt Management Services Ltd, we frequently see evidence of companies and businesses doing just that!



    The following are mist...
    Read More | 0 comments |Posted by:Zipporah Gikonyo


    UNDERSTANDING THE CREDIT REFERENCE BUREAU

    UNDERSTANDING THE CREDIT REFERENCE BUREAU



    The mention of the word CRB sends a cold chill down your spinal code when you remember a friend’s experience of getting a clearance certificate so as to procure an emergency credit facility.  The look of panic on his/...
    Read More | 0 comments |Posted by:Zipporah Gikonyo


    FINANCIAL FREEDOM

    This being a new month when people are loaded with money, I thought it is a good opportunity to write about credit and financial freedom. I have asked some of my friends what financial freedom means to them. I always get lots of answers. Some say it is when they can earn money without having to w...
    Read More | 0 comments |Posted by:Benjamin Wanjema


    TIPS FOR A DEBT FREE LIFE

    To stay out of danger, effective financial management is important. However, not everyone knows how to handle their money properly; I have friends who tell me that they cannot explain what they did with their money. So, as an average person with no knowledge of financial management, how are you s...
    Read More | 0 comments |Posted by:Zipporah


    STEPS OF CARRYING OUT CREDIT ANALYSIS

    Credit analysis is conducted on a credit applicant to establish the ability of the customer to honor their obligation when it falls due. The credit worthiness of the customer can be established by analyzing the financials, credit history and by obtaining the credit report of a customer from a Read More | 0 comments |Posted by:Zipporah


    TWO RULES FOR GREAT CUSTOMER SERVICE

    It doesn't matter how good the product you sell is; if one doesn't have good customer service, your organization will fail ev...
    Read More | 0 comments |Posted by:Benjamin Wanjema


    QUALITIES OF A GOOD CREDIT MANAGER

    QUALITIES OF A GOOD CREDIT MANAGER



    Many successful credit professionals can attest to the fact that they just found themselves in credit and with time they learnt ...
    Read More | 0 comments |Posted by:Zipporah


    COST OF CREDIT TO AN ORGANIZATION/BUSINESS


    COST OF CREDIT TO AN ORGANIZATION/BUSINESS



    Do you know that by extending goods and services to clients on credit can cause your organization dearly if not properly managed? Credit can kill or make your company and it is there...
    Read More | 0 comments |Posted by:Zipporah


    HOW SUPPLIERS AND LENDERS CAUSE THEIR CUSTOMERíS RUIN

    HOW SUPPLIERS AND LENDERS CAUSE THEIR CUSTOMER’S RUIN



    Eating more than you can chew is a common phrase used to denote prudence, yet the phrase is rarely put to good use when it c...
    Read More | 0 comments |Posted by:Zipporah


    BENEFITS OF A CREDIT REFERENCE BUREAU

    The Role and Benefits of Credit Reference Bureau



    CRB A Credit Reference Bureau is a central platform that keeps credit data shared by credit providers. CRBs...
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