What Credit Management isToday Effective credit management has become vital for the working of modern economy. Credit 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 and create wealth, giving rise to product and service demands which constitutes a significant proportion of any country’s gross domestic product. In the light of constant changes which the world economy and financial system do experience, it is un-disputably clear that credit management can no longer be treated as a “borrowed management function”; it’s a mistake to think so! Credit management is a full taught course with people specializing in it. The work involved in credit management is best carried out by those who read credit management exhaustively. They are called in credit industry “Credit Professionals”. Anyone therefore who is involved in the task of credit functions in corporate organization whose knowledge and background is devoid of credit management should as a matter of expediency enrol for a study programme in credit management. As the economy grows and expands, corporate institutions the world over are enlarging and consolidating their credit processes in order to compete within their industries with a view to growing their profits. The need for enhanced credit quality has therefore become more crucial 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. Product manufacturers and their distributors, lenders and bankers must do a better job of structuring credit policies and procedures, including reviewing and monitoring credit portfolios and of 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. For today’s credit management to be effective, and credit labour market to be well supplied with credit professionals, the London Postgraduate Credit Management College has taken up the responsibility of providing quality credit management personnel for the world credit industry. The role of LPCMC is therefore germane at this stage of global demand for credit professionals as well as skills development in credit management. The LPCMC in a proactive collaboration with other education institutions are expected to play 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 qualifications based on those standards. Finally, the concomitant global stature and influence of LPCMC is a vindication that credit management is a credible, lucrative and ever rising career, a system of economy on which the lives of people in all continents of the world depends.