The Confidence and Language

The Combination of Confidence and Language should be present while talking to the customer regrading his debt, as per industry requirements now day's people don't have to speak or show any signs of American or Australian accent in their conversation, people look for neutral language i.e. SIMPLE ENGLISH which can understand clearly by anyone.


So its very necessary to be very clear and precised what you talk during the conversation, as you have the very essential and vital data of the customer, any exclusive talks with your customer which is not guided by the company policy can create great mishaps also you carry the responsibility of the process (The Business) even an small mistake can escalate to sad ends for the organization and the bread butter of the employers.

Its very clear when you start taking the calls or when you are ready to called as collector, you are under the guidance of Quality and Operational Managers so that everything comes to your way you can master those as different types of customers, situation and scenarios, and to overcome the situation, if you cannot handle any situation try to seek the help of your managers but don't try to expertise at that moment.

Tips and Tricks For Handling Collection Calls

As I have been in this industry for a quite time and with the experience and knowledge that i have used can help or acquire certain goals for you.
Dear Collectors Here Are Few Tips:
  1. BASICS : Flourish knowledge regarding the FDCPA laws and State Laws is necessary
  2. COMMUNICATION: Be very confident and straight while communicating or talking to the debtors.
  3. KNOWING YOUR SYSTEMS: Information related to the systems where you are working or the platform is much more important for e.g. like the Name of the Debtor, Address, Letters send, Current Balance, Payments made, Notations, you have to be fast and with the blink you should be able to give the information while taking to the debtor's.
  4. IDENTIFY ACCOUNTS : Your senior person or manager would be the person who would be allocating the accounts for you or there would be set of some accounts would be given you where you have to search for your accounts (it varies as per the industry standards) STEPS (i) Dial the Telephone Nos available look that it identify the debtor (ii) The mail which you send the address is correct as that would be the second way to generate the contact (iii) Place of Employment is given skip trace the details of employment if given (iv) Make an attempt to reverse search all the address provided by the client that can help you to get the location information of the debtor.
  5. Zones: Working on the accounts with the division of zones is very important, should have complete knowledge regarding all the zones prime time as it can generate the contacts or you can get the debtors on call, and utilization of prime time on the accounts is very important, and manage your breaks so that it does not collide with your work hours so that you have proper follow up on the accounts.
  6. FOLLOW UP ON ACCOUNTS : As the most important is the utilization of prime time as we get the chances of debtor's in contact, proper follow up is necessary as their availability on certain Telephone Numbers where we can get in contact with debtors put the reminders or follow up according to time when the debtor is available (ii) Try calling in different time on the accounts.
  7. LEAVING VOICE MAIL MESSAGES: You should be very confident while leaving voicemail messages speak slowly and be clear while leaving your call back Telephone Number, your Extn and the name and do not violate any laws while leaving the messages. And try to give your accounts to another for leaving messages as the difference in voice can create urgency for debtors as there would also some systems like (query or dialer which pops your account for another person to work).
  8. NEGOTIATION: While communicating with the debtors try and get or acquire all the information regarding him/her as it can help you during your negotiation. While asking the payments be in the order of the business as Balance in Full, then any arrangements and then full and final settlement or pay off ( subject to approval as per industry standards), and try building your next month payments as when the arrangements are given as it helps you to start your next month in a better position.
  9. TALK OFFS: While giving talk off or letting another person to talk with your debtor can create psychological affect for debtors as another person can lead the conversation into resolution.

Important Toll Free Numbers

800.935.9935 Chase Bank
800.788.7000 Washington Mutual Bank
800.432.1000 Bank Of America
877.FTC.Help Federal Trade Commission