CICM Credit Management (Trade Export and Consumer) (7AO) — Information & Free Practice

About CICM Credit Management (Trade Export and Consumer) (7AO)

CICM Credit Management (Trade Export and Consumer) (7AO) · GB

Key exam facts

Provider

Chartered Institute of Credit Management (CICM) is the awarding body and exam owner; Pearson VUE delivers the examination at test centres and via OnVUE remote proctoring.

Format

One combined online multiple-choice examination covering trade, export and consumer credit; taken at a Pearson VUE test centre or remotely at home/office through OnVUE, subject to system requirements.

Exam questions

Total questions: 60.

Time limit

One hour of examination time under standard conditions. Check-in and identification are separate; candidates requiring adjustments should contact CICM before booking.

Passing score

65% or above for a Level 3 pass. The same content/exam can yield a Level 2 result at 60–64%; this bank targets Level 3.

Exam fee

GBP £130 standard assessment fee per unit in the 2026 fee schedule, separate from registration, membership and learning resources. The Level 3 four-unit qualification table shows £130 × 4 = £520; £520 is the four-unit assessment total, not this single exam fee.

Topics covered

• Value of credit (10%)

  • Definition of credit
  • Cost of credit

• Organisation of the credit function (15%)

  • The credit department
  • Credit policy

• Credit customers and arrangements (35%)

  • Customers
  • Credit agreements
  • Documents

• Credit risk control (15%)

  • Risk assessment and control
  • Information sources and their value
  • Scoring
  • Insurance

• Credit documents and systems (10%)

  • Customer master file
  • Sales ledger system
  • Computerised systems

• Collections methods and legal action (15%)

  • Targets and use of resources
  • Methods
  • Dealing with problems
  • Legal procedures and use of third parties

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Frequently asked questions

Official sources and references

• CICM Level 3 Credit and Collections Syllabus

  pp. 11–15, combined Credit Management unit

• CICM Credit Management Indicative Content

  p. 1, introductory note

• CICM Level 3 Credit and Collections Syllabus

  p. 11, Syllabus topics, Value of credit

• CICM Level 3 Credit and Collections Syllabus

  p. 11, Syllabus topics, Organisation of the credit function

• CICM Level 3 Credit and Collections Syllabus

  p. 11, Syllabus topics, Credit customers and arrangements

• CICM Level 3 Credit and Collections Syllabus

  p. 11, Syllabus topics, Credit risk control

• CICM Level 3 Credit and Collections Syllabus

  p. 11, Syllabus topics, Credit documents and systems

• CICM Level 3 Credit and Collections Syllabus

  p. 11, Syllabus topics, Collections methods and legal action

• CICM Level 3 Credit and Collections Syllabus

  p. 11, Credit Management (trade, export and consumer), Assessment

• CICM Online Exam Booking and Learner Guidance

  p. 3, Welcome

• CICM Credit Management (Trade Export and Consumer)

  Unit introduction, Level 2 and Level 3 pathways

• CICM Qualification Fees 2026

  p. 4, Level 3 Diploma row, Standard qualification fee column

Confirm current exam arrangements with the exam provider.