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What does a Credit Control earn?
Credit controllers are responsible for managing debt collection on behalf of companies and typically earn around £26,500 per year in the UK. Credit controllers typically work with both domestic and corporate debtors, performing functions such as invoice processing, cash allocation and credit limit management. Credit controllers may also specialise in areas such as financial management, dispute resolution, legal guidance or business administration.
How to earn more as a Credit Control
If you wish to become a credit controller, you'll need a degree in accounting, business management, or finance. Alternatively, you could undertake a degree apprenticeship. To increase earnings, you could focus on certain areas, such as cash flow management, or become a manager within a finance business. There is also the option to become self-employed or open up your own credit control business. Top credit controllers can earn more than £32,300 a year.
Min: £22,700.00 Max: £32,268.00
Average Credit Control Salary in UK : £26,535.53
Read about Credit Control salaries, related jobs and salary information across the UK
Credit Control Salary data from the ONS
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Recommended Credit Control Jobs in UK
Salary by Region
Compare Credit Control salaries across different regions
Region | Salary |
---|---|
Scotland | £25,460.30 |
Wales | £25,055.75 |
Northern Ireland | £24,729.94 |
East Midlands | £25,337.61 |
Eastern | £27,371.77 |
London | £32,152.13 |
North East | £24,562.72 |
North West | £25,364.61 |
South East | £27,609.05 |
South West | £25,875.42 |
West Midlands | £25,466.97 |
Yorkshire and the Humber | £25,185.81 |
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Understanding the Average Credit Control Salary in the UK
When considering a career in credit control, it's important to have an understanding of the average salary in the UK. The average salary for professionals in the finance industry can vary depending on factors such as experience, qualifications, and location. To get a better idea of the average salary range for credit control roles, you can refer to the average Finance salaries in the UK.
Salary Expectations for Newly Qualified Credit Control
If you're just starting out in your credit control career, it's helpful to have an idea of the salary expectations for newly qualified professionals. To explore current job opportunities and salary ranges for credit control positions, you can browse through the available options on our job search page.
Salaries for Experienced Credit Control
As you gain more experience in credit control, your salary expectations may increase. Experienced credit control professionals often earn higher salaries due to their expertise and track record. To get an idea of the salary range for experienced credit control roles, you can refer to industry reports or consult with recruitment agencies.
Creating a Credit Control CV
When applying for credit control positions, having a well-crafted CV is essential. A strong CV can help you stand out from other candidates and increase your chances of securing a job. To create an effective credit control CV, you can use our CV template as a guide. This template provides a structure and format that highlights your relevant skills and experience in the field.
Career Development Opportunities for Credit Control
For those looking to progress in their credit control career, it's important to explore the various career development opportunities available. Whether it's pursuing additional qualifications, attending training programs, or seeking mentorship, there are numerous ways to enhance your skills and advance in the field. To learn more about career development options for credit control professionals, you can refer to our career advice section.
Comprehensive Compensation for Credit Control
When considering a career in credit control, it's important to look beyond just the salary. Comprehensive compensation packages may include additional benefits such as bonuses, pension schemes, healthcare coverage, and more. It's worth exploring the complete compensation package offered by potential employers to ensure it aligns with your financial and personal goals.
Strategies for Increasing Your Salary as a Credit Control
If you're looking to increase your salary as a credit control professional, there are several strategies you can employ. These may include acquiring additional qualifications, taking on more responsibilities, demonstrating exceptional performance, and negotiating for a higher salary during the hiring process or performance reviews. It's important to be proactive and showcase your value to employers to maximize your earning potential.
Professional Development and Earnings
Continuing professional development is crucial for credit control professionals to stay updated with industry trends and enhance their earning potential. By investing in professional development opportunities such as attending conferences, workshops, and seminars, you can expand your knowledge and skills, which can lead to higher earning potential in the long run.
Capitalising on Extra Hours and Duties
In some credit control roles, there may be opportunities to earn additional income through extra hours or duties. This could include taking on overtime work, participating in special projects, or handling additional responsibilities. By capitalizing on these opportunities, you can increase your overall earnings and demonstrate your dedication to your role.