Education FAQs

Frequently Ask Questions

Do I have to become a member before enrolling in courses?

Anyone who is enrolled in the Certified Credit Professional Program (CCP) program becomes a student member, they are required to pay an annual student fee. Re-activation fee: If a student does not renew on an annual basis, a re-activation fee of $200.00 per missed year will apply in order to be reinstated into the program.

Does international experience count toward the required 5 years of work experience?

Your experience in Credit and/or Collections or in Accounts Receivable outside of Canada counts towards the required 5 years of experience.

Do I have to take the courses according to the order on the application form?

It is recommended to take the courses according to the order on the application form.

Are there any prerequisites to enroll in the CCP program?

There are no prerequisites to enroll in the CCP program. Individuals employed in a credit-related position or aspiring for a career in credit are invited to enroll in the CCP program.

Do you exempt courses through prior learning assessment recognition?

CCP Course Challenge Exams: The Credit Institute recognizes that some credit professionals may have knowledge in a subject matter through prior education and/or experience. A challenge exam enables an applicant to achieve credit in a required subject area without taking a course. At this time, the two courses eligible for a challenge exam are: Fundamentals in Business (FB1) and Financial Accounting for Credit Professionals (FAC1). The Challenge Exams are 3-hour long each and based on the material of the full courses listed above. The passing grade is 65%.

Can I apply for OSAP to use towards the CCP?

At this time, OSAP does not grant student loans to use towards the CCP. The CCIEF does provide some scholarship for students on a yearly basis provided they qualify. Scholarship are granted for every Fall Semester and applications will be accepted up until May 31st of each year. New applications need to be submitted annually.

Can I claim taxes for the CCA program?

Students will be provided with a T2202A for the Commercial Credit Administration Program.

Can I transfer CCA credits towards the CCP program?

Credits earned from completing the Commercial Credit Administration Program cannot be transferred towards the CCP program.