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Level 3 Diploma in Credit and Collections

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What will I learn?

An advanced understanding of a wide range of credit management related concepts, processes and techniques

Broaden your knowledge and understanding about credit and debt collections, with the option to specialise in credit risk or enforcement.  

Understand and implement the principles of best practice to enhance and optimise day-to-day activities.  

 

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What will I gain?

To achieve the Diploma, you will need to complete four Level 3 awards/units - one of which must be from the mandatory section of the syllabus. Upon completion, you will gain:

  • A CICM Level 3 Diploma in Credit & Collections (Upon passing four awards/units)
  • Improve your technical knowledge and techniques which can be used daily.
  • A CICM qualification can increase your earning potential even while you are still studying.
  • The flexibility of our qualification structure means you can choose to study any of the Intermediate awards and 'bank' them with us.
  • Become a qualified Associate ACICM(Dip) and have your knowledge and skills represented by the CICM Professional Standard.(Applicable for current members).

 

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Who is it for?

Individuals who wish to raise their profile and prepare for the next level of responsibility, for roles such as:

  • Senior Credit Controllers
  • Credit Risk Analysts
  • Credit Team Leaders.  
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How to get started

Choose a preferred study method

Choose a preferred study method that works best for you:

See the costs and packages

Review the costs and packages of your chosen study method and level of Qualification.

Book your course

Once you know your chosen study method and have seen the costs of your desired package, you can begin booking your course through the preferred study method.

Book your course

Study this course with either Virtual Classes, Learning Support Service or completely independently

Book

 

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Can I get exemptions or credit recognition from units?

Yes, if you already have business-related qualifications at an equivalent or higher level, you can apply for an exemption.

Are you eligible for an exemption?

Recognition of prior learning

The CICM accredits prior learning, and learners may apply for an exemption for one or more units if they have passed a relevant subject in an equivalent qualification.  This must be at the same or a higher level.

A request for exemption should be made in writing on registration with the CICM, and be supported by copies of certificates and official confirmation of the subjects or units passed.  It may also be necessary to provide syllabus details so that the Institute can determine the degree of match between the qualifications being considered and its own units.

Examination exemptions will not be awarded for units where a candidate has previously sat and failed that unit in an CICM examination.  Also, only the CICM can advise on eligibility for exemptions.  Exemptions are not valid until the relevant fee has been paid.

For further information please contact [email protected]

 

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See all Level 3 Awards

Level 3 Units

Accounting Principles

This unit aims to develop a good understanding of fundamental accounting principles and techniques for those working credit management related areas.

Advanced Business Communications and Personal Skills

The unit develops the advanced business communications and personal skills required for advanced credit controller, debt collection specialist and enforcement work.

Advanced Collections

This unit develops the advanced collection knowledge and skills required for advanced credit controller and debt collection specialist work.

Business Environment

The unit places the working environment in context through the development of an understanding of four elements, the structure and function of organisations, organisational management, marketing and the external environment such as the economy and markets.

Business Law

The unit provides a broad understanding of the legal context and structures in which business operates through the development of knowledge about the English legal system, contract law, agency, and sales and supply of goods legislation.

Consumer Collections

This intermediate award provides an understanding of the concepts, processes and techniques that underpin best practice within consumer credit management.

Consumer Credit Management

This award provides an understanding of the concepts, processes and techniques that underpin best practice within consumer credit management.

Credit Management (Trade Export and Consumer)

This unit provides an understanding of the concepts, processes and techniques that underpin best practice across a range of credit environments.

Credit Risk Management

This unit aims to develop the credit risk management knowledge and skills of advanced credit controller and debt collection specialists.

Debt Recovery Management

This unit aims to develop advanced knowledge and skills required for debt recovery management work.

Export Credit Management

The unit provides a broad understanding of the legal context and structures in which business operates through the development of knowledge about the English legal system, contract law, agency, and sales and supply of goods legislation.

Trade Credit Management

This award provides an understanding of the concepts, processes and techniques that underpin best practice within consumer credit management.

Advanced Enforcement

This regulated intermediate award develops the advanced knowledge, skills and behaviours of senior enforcement agents.

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Why choose CICM Qualifications?

CICM Qualifications are regulated by Ofqual, Qualification Wales and, CCEA (Regulations) and available in Apprenticeships or a range of study options, as well as the Education and Skills Funding Agency (ESFA) for End Point Assessment (EPA).

As a CICM learner, you prove your commitment to upholding the highest professional standards and to raise personal performance.

 

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Frequently asked Questions

 

What Level of Qualification is right for me?

How to choose your CICM Qualification level:


Level 2 CICM Qualifications

These are referred to as "Entry Level" CICM Qualifications. They are the benchmark for credit controllers, collectors and enforcement agents working in operational roles, with little or no experience in the profession.


Level 3 CICM Qualifications

These are referred to as the "Intermediate" CICM Qualifications. They are the benchmark for credit controllers and collectors working in senior operational roles.


Level 5 CICM Qualifications 

These are referred to as the "Advanced" CICM Qualifications. These are the benchmark for credit and collections professionals at a managerial or strategic level.

How do I get a CICM Qualification?

How do I get a CICM Qualification?

CICM's Credit Management and Qualifications will require learners to pass awards that contribute to their overall qualification.

 

How long does it take to get a CICM Qualification?

How long does it take to get a CICM Qualification?

There's never a wrong time to start a Credit and Collections Qualification. CICM Qualifications are completely flexible and we will work closely in supporting you to achieve your results.

 

What should I do after a Level 5 Qualification?

What comes after a Level 5 Qualification?

What are the next steps after a Level 5 Qualification in Credit Management and Collections? It's more important than ever to ensure that you continue your professional development and keep your skills sharp. Take a look at our CICM Training options, filled with Credit and Collections training courses to help you with your continuous development.

 

Are you eligible for an exemption?

Recognition of prior learning

The CICM accredits prior learning, and learners may apply for an exemption for one or more units if they have passed a relevant subject in an equivalent qualification.  This must be at the same or a higher level.

A request for exemption should be made in writing on registration with the CICM, and be supported by copies of certificates and official confirmation of the subjects or units passed.  It may also be necessary to provide syllabus details so that the Institute can determine the degree of match between the qualifications being considered and its own units.

Examination exemptions will not be awarded for units where a candidate has previously sat and failed that unit in an CICM examination.  Also, only the CICM can advise on eligibility for exemptions.  Exemptions are not valid until the relevant fee has been paid.

For further information please contact [email protected]

 

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