1 / 6

Strategies followed by Debt Collection Agencies-Group UCS

There are some universal strategies which are followed by every debt collection agency. Your collection strategy plays a significant role in shaping the future of your organization. Any good business strategy must be efficient u2014 maximizing resources at the lowest cost.

groupucs
Download Presentation

Strategies followed by Debt Collection Agencies-Group UCS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 0 1 MAKE PAYMENT TERMS CLEAR 0 2 MAKE PAYING EASY Unified Credit Solutions Debt Collection Strategies HAVE EMPATHY, BUT KEEP IT PROFESSIONAL 0 3 0 4 KEEP GOOD RECORDS CENTRALIZE YOUR DEBT COLLECTION 0 5

  2. Strategies MAKE PAYMENT TERMS CLEAR The payment terms you lay out at the start of working with a new client sets the tone for successful debt collection efforts. When there’s a contract or agreement that specifies payment terms signed by both parties, there’s legal backing if you decide to file a claim with the courts. MAKE PAYING EASY 0 1 0 2 Handling payments online is one of the easiest ways to stay on top of bills these days. With payment processing services like Paypal, Stripe, and Square there’s no shortage of ways to receive payments on the web. CENTRALIZE YOUR DEBT COLLECTION KEEP GOOD RECORDS HAVE EMPATHY, BUT KEEP IT PROFESSIONAL Showing empathy when customers are going through a rough time helps maintain your relationship with them and allows you both to come to a solution on the overdue payments. 0 4 0 5 0 3 When you’re pursuing payment on a delinquent account, it’s important to record each collection attempt. Include the date you contacted them, brief details about the call, and the results. Centralizing your debt collection information allows others in your company to view the collection details for each consumer debt.

  3. Responsibilities of Debt Collectors 0 1 0 2 0 4 0 5 0 3 The Debt Collector provides financial, clerical and administrative services to ensure efficient, timely and accurate payment of accounts under their realm of responsibility while adhering to company policies and procedures. The Debt Collector will address collection/accounts receivable issues and assist with special projects based on departmental goals and objectives. Work with internal and external customers for improvements in cash application, as well as collections and processing of credits Demonstrate a positive working relationship with departments to accomplish the goals and objectives of the company. Ensure effective decisions are made when it comes to releasing customer orders.

  4. Detailed Analysis of Debt Collection Process Detailed Analysis of Particular Case Establishing Contact with Clients Detailed analysis of the case done through documentation process Key Details Case Number Client Name Guarantor Name Contacting clients with the help of multiple tools Utilization of tools such as: E-mail Telephone Fax SMS

  5. Our Company Background Unified Credit Solutions Pvt Ltd COMPANY INTRODUCTION 02 OUR BACKGROUND 01 Serving debt collection service for the past 31 years Leading Credit Management Group Countries: India, UK, UAE, Singapore, Sri Lanka and more than 200+ countries Founded In - 1991 Founder - Pankaj Sachdeva Headquarter - Gurgaon, Haryana, India No of Employees - 200+

  6. Unified Credit Solutions Pvt Ltd Contact +91 124-471-9999 Website https://www.group-ucs.com Email info@ucs-mail.com Address 7th Floor, DLF Star Tower, Sector 30, NH-8, Gurgaon – 122 001, Haryana, India

More Related