Credit control

Credit control is the system used by businesses to make sure that credit is given only to borrowers who are likely to be able to repay it. Credit Controllers control lending by calculating and managing risk. A Credit Controller oversees all debts owed to a company from existing creditors and manages requests for new credit. They would use business credit reports or other means to assess whether to continue or extend credit to a customer.

As the creditworthiness of a counterparty can change, credit control adjust the amount of credit that the company is willing to extend over time.