Explain me what is the debt recovery procedure?
Submitted by: MuhammadContact customer and remind about their payment politely
Contact with an overdue payment reminder
If the customer still fails to pay the payment as per the terms of the payment, send them a final notice
Even after sending final notice if still there is no response from customer, try to make direct contact and ask for payment again
After failing all options, if the customer still resent from payment then send a formal letter of demand. This could be the last option as it may spoil your relationship with the customer.
Submitted by: Muhammad
Contact with an overdue payment reminder
If the customer still fails to pay the payment as per the terms of the payment, send them a final notice
Even after sending final notice if still there is no response from customer, try to make direct contact and ask for payment again
After failing all options, if the customer still resent from payment then send a formal letter of demand. This could be the last option as it may spoil your relationship with the customer.
Submitted by: Muhammad
Read Online Recovery Officer Job Interview Questions And Answers
Top Recovery Officer Questions
☺ | Do you consider yourself successful as Recovery Officer? |
☺ | Tell me about your ability to work under pressure as Recovery Officer? |
☺ | Explain me what makes working as a debt collector worth your while? |
☺ | Explain me what is the debt recovery procedure? |
☺ | Tell me what was your biggest challenge with your previous boss? |
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