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True/False Quiz On Debt Collection
There are many common misunderstandings about what a business can and cannot do to collect a legitimate debt. Part of that is caused by believing that the FDCPA, or Federal Fair Debt Collection Practices Act, applies to the business attempting collection, but the act applies only to collection agencies or attorneys collecting a debt for a client. Other potential misunderstandings are incorporated into the quiz that follows.
Do You Hate To Ask For Your Money?
Many business people hate to appear "pushy" towards the customers or clients who owe them money. They can be uncomfortable in asking, don't know how or when to get on the phone, and usually are unable to deal with the endless excuses, stalls, and evasions that are directed at them by some irresponsible debtors, all of which adds to the discomfort. The result of this discomfort is usually a less than acceptable recovery of money due plus irritation with the customer or client involved. This article tells exactly how to handle the discomfort in a way that is both appropriate as well as effective in getting more of the money owed and getting it much sooner.
How To Minimize Future Collection Problems
Learning how to recover more of what is currently owed is a highly productive process. Learning to avoid collection problems from future business also makes a lot of sense. This article describes exactly how to clarify the expectations about payment so that customers are not only far more likely to comply but also will become more appreciative of you as a supplier of your product or service. This strengthened relationship often leads to a wonderful bonus; namely, more referrals from happy customers.
Role Playing - For More Effective Debt Collection
A good analogy to the value of role playing is how they make movies. Typically, the director of a movie shoots far more film than what shows up on the finished movie we see. The rest winds up on the cutting room floor - the "outtakes". Role playing is like the outtakes. You can make the mistakes in collecting where there is no harm done, through role playing. The end result is a professional collector who produces accelerated cash flow.

Games Debtors Play - Part One
There are literally dozens of ways that people who owe you money can stall, evade, make endless excuses, etc. - everything but pay you in full and on time. Decades of experience by professional collectors can show you how to deal effectively with these games, so that you not only receive the money you're entitled to but you also spend less time and have less stress in stepping up your cash flow.
Games Debtors Play - Part Two
People who owe money usually pay as expected. The problem is with the small percentage of debtors who develop excuses, stalls, and evasions that are not only annoying but also result in no payment or late payment. So, business people, from sole proprietorships to the largest corporations, need to be aware of the most common excuses as well as how to best deal with them, so as to get the maximum payment in the shortest time, while also keeping the goodwill, and the business, of the customers and clients they want to keep.
Why Listen To Debtors
Listening to all of a debtor's communication is difficult, both because of the complex feelings the collector may have about the job they are doing as well as their need to deal with the emotional overload the debtor may throw at the collector. Fortunately, there are time-tested ways to get past the emotional content - whether real or manufactured as a way to get the collector to back off or to commit to less.
How to get your customers or clients to pay up
When the 20th of the month ticks around and your bank balance isn’t looking as healthy as it should, you know you have a problem. A quick look at your debtor’s ledger reveals that there is a lot of money out there but it is no good to you unless it is sitting in your bank account earning interest. So what do you do to get it in?
Entrepreneurs - Want To Grow Your Company?
You’ve got your company set up and the first scramble to get everything working ok and your cash flow positive has paid off. Now you need to grow your company – so how do you do this? Well there are four activities that will pay dividends in the future.

The Importance of Organisational Behaviour
Have you ever got up in the morning and thought, "I really don't want to go to work today"? I think we all have at some point in our lives. You may also have had times when you have thought or said, "I hate my job, I hate where I work." These feelings have nothing to do with you, your job or your workplace. The problem lies in the fact that your supervisor or manager has no idea how to manage organisational behaviour!

Other debt collection Related Articles

India Debt Collection Business – Scenario and Potential
The debt collection business is a relatively new concept in India. Like many modern tools, this business was also introduced to India by foreign businesses who came to India in horde in early 90’s and brought with them myriad modern tools, practices and systems. Like other sectors, banking also witnessed a large scale foreign firms setting up their operations in India. Retail consumer loans became an important product in the portfolio of the banking industry. Easy availability of credit also bought with it the problem of payment defaults, which eventually led to the emergence of debt collection agencies.

Credit Alliance Group reports an increase in complaints to the FTC about creditor harrassment calls
According to the AP report, almost 39 percent of Federal Trade Commission complaints cited demands to pay debts that weren’t owed or payments that were more than legally allowed. Credit Alliance Group instructs their clients on how to file complaints against creditors who are in violations of the Fair Debt Collection Practices Act. Credit Alliance Group is striving to set itself apart from the debt settlement industry in customer service.
Debt Settlement Sales Training
With the current economical downturn that the world is currently experiencing, there is a lot of debt going around. Debt collections are at an all time high and so are debt settlements. In some ways the debt settlement sales business is a lot like the liquidation business. One could even call it debt liquidation. Debt management brokerage firms have sprung up all over the place now days. While they have always been part of the landscape, recently they have come forward as a real possibility for earning an income from home or as a small business.

FDCPA Assures Rights of the Consumer
The Federal Debt Collection Practices Act (FDCPA) enforced by the Federal Trade Commission (FTC) regulates debt collection practices. The guidelines laid down by the FDCPA prohibit any kind of harassment of consumers by the debt collectors.
Collecting debt from your clients
Not being paid on time for your products or services can do serious harm to your cash flow, and your business. So here are some pointers to help you implement an effective debt collection process.
Know your Rights in the FDCPA
The Federal Debt Collection Practices Act (FDCPA) has laid down guidelines for fair debt collection. It has clearly listed the regulations and violations of fair debt collection. As a consumer you have rights for fair debt collection even if you owe.
FDCPA Laws
The Fair Debt Collection Practices Act (FDCPA) was passed by the Congress and is enforced by the Fair Trade Commission (FTC) to ensure fair debt collection by debt collectors. The Act has laid down laws to regulate the debt collection practices.
What is Debt Collection Harassment?
The Fair Debt Collection Practices Act (FDCPA) has a set of rules that determine what can be termed as harassment by the debt collector. Harassment can be either written or verbal.
Debt Collectors should follow the FDCPA Laws
The Fair Debt Collection Practices Act (FDCPA) was shaped by the Federal Trade Commission (FTC) and passed by the Congress to ensure fair and lawful debt collections.
True/False Quiz On Debt Collection
There are many common misunderstandings about what a business can and cannot do to collect a legitimate debt. Part of that is caused by believing that the FDCPA, or Federal Fair Debt Collection Practices Act, applies to the business attempting collection, but the act applies only to collection agencies or attorneys collecting a debt for a client. Other potential misunderstandings are incorporated into the quiz that follows.
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