Tag: Credit Management

Credit limits are put in place to be the maximum amount of money that can be borrowed or used through a financial product or service. They can be based on factors such as credit scores, credit history and income. For example, consumer credit cards are a form of an unsecured line of credit and the credit limit is the amount that can be charged on the card.

Credit professionals are constantly seeking innovative ways to streamline their processes and build customer relationships, all while aiming to minimize risk while maximizing profit. Certifications earned through NACM’s six-level Professional Certification Program equips credit professionals with the tools to not only achieve these goals but foster their professional and personal development.  

Leaving a legacy is about more than just the work accomplished—it’s about the values instilled, the relationships forged and the positive changes implemented. A legacy is a testament to a well-lived career and a blueprint for future success and inspiration. Join us in celebrating David Watson, CCE, a long-standing NACM member who retired this year after 12 dedicated years as a collector with NACM Southwest. 

Credit professionals are at an advantage to excel in their profession when they earn their designations through NACM’s six-level Professional Certification Program. “I was fully prepared, fueled by momentum and in the right mindset for both the exam and studying to dive straight into the Certified Business Fellow (CBF),” said Stephanie Poertner, CBF, credit manager at Ferguson Enterprises LLC (Edmond, OK).

🎙️ On today’s episode of NACM’s Extra Credit podcast … As a new credit manager, understanding antitrust laws is key for safeguarding your company’s interests and ensuring compliance. These laws are designed to promote fair competition and prevent practices that can harm other businesses.

Advancing in your career involves a continual pursuit of greater achievements. NACM’s six-level Professional Certification Program for credit professionals is tailor made to educate and sharpen their skills, enabling them to stand out both in their company and their field.

NACM’s Credit Managers’ Index (CMI) fell 0.5 to 53.9 in June. This change in the CMI indicates a continued slowdown in economic activity. “There is no discernible trend in the CMI except that it remains in a low orbit,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.

The credit management industry is facing a critical juncture as an aging workforce approaches retirement, threatening to leave major knowledge gaps.

🎙️On today’s episode of NACM’s Extra Credit podcast… Financial resilience has become a top priority for businesses. 📈Credit managers play a pivotal role in this endeavor, leveraging their expertise to ensure stability and sustainability.