• Article – Level 3 Debt Management

This highly practical and stimulating Level 3 Debt Management course from Business Qualifications gives students a solid grounding in credit control and debt management. It results on successful completion in a qualification Endorsed by Focus Awards through their excellent Focus on Quality Provision (FQP) Scheme

With a solid foundation in the core principles and disciplines that ensure financial equilibrium, the skills gained on this course are highly transferable and extremely attractive to prospective employers. It is particularly well suited to professionals and the self-employed, as it also explores the tools and processes available to help avoid financial problems and non-payment issues.

Course Overview

The Level 3 Debt Management course is built on a number of practical and fascinating units. You learn how to cut down on credit from the outset, reduce the incidence of bad debt and even manage the sometimes-misunderstood calculation of discounts.

Moving on, you learn effective credit control processes, including how to carry out credit checks and how to analyse outstanding debt, to create and monitor healthy positive cash flow.

Freelancers and the self-employed may find aspects of the Level 3 Dent Management course particularly useful, as you know from first-hand experience that non-paying customers affect your ability to meet your own bills and payments. The course explains the legal recovery processes available to you, along with other means of recovering owed money.

You also explore insolvency and bankruptcy, knowledge of which helps to ensure you are legally aware and compliant with legal processes. This ensures you get the best (highest) dividend from administrators and receivers, should one of your customers fall into difficulties.

This excellent Level 3 Debt Management course also equips you with practical advice on using factoring services, engaging bailiffs and private debt collection companies, and how to communicate with problem customers.