Credit Management Today Credit economy has become vital for the working of modern economy. It is the oil on the wheel of trade and industry which helps in the economic prosperity of a country. The control of credit flow and its distribution helps to redistribute wealth, giving rise to demand deposit which constitutes a significant proportion of any country’s money supply. . Sadly, there are not enough institutions of higher learning in many countries of the world today which offer professional course on credit management. This has been responsible for dearth of skilled credit managers in those countries. Credit management has become more critical in the light of the impact the changing economic climate has on all businesses. As the economy grows and expands, banks and other lending institutions, marketing outfits and manufacturers are enlarging and consolidating their credit or loan portfolios and services in order to compete within their industries with a view to growing their profits. The need for enhanced credit quality control has become more crucial today for any institution or government to succeed. The complex domestic economy imparted by global implications and sophisticated clientele, makes vulnerable the problems of management of credit. Bankers and other lenders must do a better job of structuring lending policies and procedures, including reviewing and monitoring credit portfolios, and making sure that they have put in place the appropriate preventive measures, faster response time to early warning signals and problems associated with credit management. That credit plays a central role in any nation’s economic development is no news. Globalization and capital market liberation has brought to fore the need to pay attention to the role of credit in economic revitalization effort.  This translated into a situation where most of the importers and exporters of foreign goods and services sell them on credit in order to keep their businesses going. The renowned and popular big names in the manufacturing sector as well as giants in the distributive trade have all suffered tremendously and even folded up due to high incidence of bad debts. The construction industry has not fared any better as not a few of them have closed shop due to unpaid debts by both government and private patrons. Various chambers of commerce, trade associations confirm that their members are burdened with crippling bad debt profiles resulting from poor management of credit granted to their customers.  The government of nations has continued to promote various credit delivery programmes and institutions. The performances of these programmes have been analyzed variously and researchers have come to a conclusion that most of them were colossal failures due largely to unavailability of skilled credit managers. For today’s credit management to be effective, London Postgraduate Credit Management College must take up the responsibility for providing quality credit management personnel for the world credit market.  The introduction and management of credit card system as means of effective payment for goods and services purchased as well as extension of credit lines to individuals require an array of professional credit managers in addition to other infrastructural requirement and technology.  It is imperative to state that an efficient, effective and disciplined credit management and its importance cannot be overemphasized as it is not possible to deliver goods and services around the world without the use of credit. Credit remains an indispensable lubricant and a tool of convenience for economic progress of every country. But its uncontrolled use brings untold problems for an economy. Here arises the need for the London Postgraduate Credit Management College (LPCMC) to step up its capacity to ensure strict adherence and monitoring of curriculum for credit management studies around the world. The role of LPCMC is therefore germane at this stage of global development for credit management skills. The LPCMC in a proactive collaboration with other providers of credit management learning, are expected to play a catalytic role to move the world’s credit management knowledge forward. This is in addition to inculcating ethical conduct among its students; draw up knowledge standards and award professional certificates based on those standards. Gladly, credit industry around the world has commended the LPCMC for its singular effort in championing the provision of internationally collaborative credit management education. Now is the time for business credit market stakeholders around the world to provide support and grant for research infrastructure in the study of different departments of credit management at the LPCMC. Institutions like banks, multinational oil companies, giant manufacturing companies, international development donor agencies, should rise in support of LPCMC initiatives. At the end of the day, it is these entities that benefit the most from LPCMC activities.