Credit Control is the part of business which is responsible for negotiation with creditors and receiving debt timely from debtors. However, a sales person is only responsible for marketing and selling the company products.
Gcc scc
The main difference between the general and selective credit control methods is that the former influence the cost and overall volume of credit granted by banks. They affect credit related to the whole economy whereas the selective controls affect the flow of credit to only specified sector of the economy, wherein speculative tendency and rising trend of prices, due to excessive bank credit, is noticed.
pappu can't dance sala.............. is selective credit control.
Diff. between CC account & current account
Different credit provider companies
In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.
The primary difference between credit and debit memo is where it originates. Credit memo is raised by a supplier to a consumer when goods are returned, while debit memo is raised by a consumer towards the supplier.
The functions of the credit control department include the effective and efficient control and collection of all income and debt management.
If you think you can control youself (be honest to yourself about this) then its best to leave it where the bank put it. It will raise your credit score if you have a bigger gap between available credit and credit being used...the ideal amount is about 30 percent. Again, if you think you can control youself, its best to leave it, if not then you can have them lower it.
control of supply and demand of the money.
A good credit score depends on some scoring system. Different scoring system has different scale. Most scoring scales fall between 600 to 750. A score above 700 usually suggests good credit management
the difference between installment credit and open ended credit is they are the same..