Supporting Business Credit Management

The Credit Control Area is an organizational unit that represents an area responsible for granting and monitoring credit.  Housing credit training and the Specialist in Housing Credit Management (SHCM) exam are offered regularly across the country, throughout the year by regional, state and local Affordable Housing Management Associations (AHMAs), private trainers, and other organizations partnering with NAHMA.

Now, if we want to see how the name U.S.” can become tainted within American borders quite easily through bad corporate greed and bad corporate management, let us look at the service company and credit negotiating company, now bankrupt, called U.S. Credit Management of Texas.Credit Management

This can be initially looked at as a con by the consumer because it takes away their ability to charge, however in the long run this portion of the debt management plan should be viewed as a pro because it allows the client to rely more upon the income they are bringing in and will result in less overall debt that is accumulated while on the debt management program.Credit Management

Credit bureaus can provide credit reports only to: lenders from whom you are seeking credit, lenders that have granted you credit, phone and utility companies that may provide services to you, your employer (only if you agree), insurance companies, government agencies and anyone else with a legitimate business need for the information (e.g. landlords or banks).Credit Management

As a first planning step the size of the challenge can be estimated by aggregating the ‘forced sale’ net disposable value of the entity’s assets; which could be referred to as the ‘Maximum Covered Liabilities’ (MCL) if no management action is initiated.