Credit Management Practices of Elementary School Teachers

Abstract

The purpose of this study was to examine and analyze the Credit Management Practices of Balili Elementary School Teachers in La Trinidad, Benguet. Credit management procedures are the tactics employed by an organization to ensure that the firm's credit level is acceptable and properly controlled. It is a subset of financial management that includes credit analysis, credit rating, credit categorization, and credit reporting. And when credit management is done correctly, the capital with borrowers decreases, as does the chance of bad debts. The primary goal of this study was to assess the level of agreement and execution on credit management methods when participants were divided by gender, civil status, duration of service, and monthly gross income. The study's findings revealed that the overall degree of consensus on credit management procedures was moderate, while the overall level of execution on credit management practices was little. The respondents were mostly female, the civil status is dominated by married teachers, the length of service is dominated by teachers who have been teaching for one to ten years, the majority of monthly gross income is between twenty thousand and thirty thousand pesos, and the amount usually borrowed by teachers is between fifty-one thousand and seventy-five thousand pesos. To help teachers understand credit management practices better and perform better, they should attend the requisite level of financial management training, workshops, and seminars.