credit control
Debt management regulation
Credit control refers to policies and practices for managing who receives credit and ensuring debts are repaid.
At the institutional level, central banks use credit control to regulate the money supply—tightening or loosening lending conditions to influence economic activity.
At the business level, credit control means vetting customers before extending credit and following up on overdue payments: The company's credit control department chases late invoices.
- budgetingAllocating funds systematically
- cash flowMoney entering and exiting
- accounts receivableDebts owed to business
- debt managementOrganizing repayment of obligations
- billing systemsTools for charging customers
late fees · collection agency · working capital · consumer protection laws · regulatory oversight · fraud detection · financial planning · risk assessment · loan underwriting · financial audits · legal frameworks · stress testing · investment strategy · payment gateways · bad debt · creditworthiness · payment history · payment terms
- bankingbank, banks, ATM, ATMs, account
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
- billingbilling, bill, invoices, payment, invoicing
- creative controlfinal cut, creative vision, director's cut, artistic license, veto power
- debt collectiondebt collection, garnishment, late payments, debt collector, delinquent accounts
- financial controlsauditing, internal audit, financial oversight, checks and balances, authorization
credit, control, credits, credited, crediting, creditor, creditors, creditable, accredit