255 pages [139 self-teaching + 116 self-quizzes with detailed answers]
Section 1: Collections basics. Setting up a document retention system. How to set—and get—late charges. Proven phrases to get early payment on invoices. A tickler system that keeps you on top of slow payers.
Section 2: The successful collector. 5 key personal traits. How to time each phone contact and letter. Tested phone and letter phrases that speed up slow payers.
Section 3: Creating collection plans. Detailed 5-step plan with proven collection letters for each step.
Section 4: How to use professional collectors. When and how to choose letter writing v. collection agencies v. collection attorneys. Pros and cons, and fees, of each. Monitoring the service.
Section 5: Avoiding losses with new customers. How to get credit data. When to use postdated checks. How to know when not to sell to a prospect. Special: a complete, legal Credit Application that reveals bad risk before your company sells to them.
Section 6: Avoiding losses with current customers. Nontechnical explanations of liens, mediation, workout arrangements and other techniques. When and how to use each each based on the debt and the debtor.
Section 7: Customer personal guarantees. Individual v. corporate guarantees. Special feature: a lawyer-approved personal guarantee you can use.
Section 8: How to use collateral. How to find out quickly what assets a customer or prospect owns. How to “perfect” an agreement—and collect the collateral, if needed.
Section 9: Bankrupt, or near-bankrupt, customers. Getting your money when a customer declares bankruptcy. What to do if you receive a bankruptcy notice. Getting back your merchandise.
Glossary 1. Key terms used in collections.
Glossary 2. Key abbreviations used in collections. Very helpful for decoding notices your company may receive.
Plus: Where to find a prospect’s or nonpayer’s assets: Web site of the agency in each state where you can find a prospect’s or customer’s assets and other financial data.
Publisher: AIPB
Hazel –
More courses should be offered
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Claire –
Helpful
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Nicole –
Decent outline of procedures – although every company will have their own specific procedure.
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Pattie –
love this book. excellent
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Ernie –
It was very goo dfor me because helped me to be able to provide the service for accounts receivable.
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Josefina –
Good
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Diana –
Credit and Collections:Business to Business. Was an excellent course offering. It contained more than just credit and collections and contained valuable information that I may use in future endeavors.
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Ronald –
Basic course and with importance to those who are inexperieced in dealing with delinquent client expecially as it relates to Fair Debt Collections Practice.
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Gene –
A Bit outdated – such as sending letters. Most correspondence is via email. Comes on a bit strong in customer relations.
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Brian –
The course was comprehensive. My only recommendation would be for AIPB to develop other more advanced mini-courses dealing the concepts covered in this course but in more detail.
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Honey –
Excellent
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Jemil –
Above expectation
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Margie –
This course helped me with more extensive information, which can be very beneficial when you have credit issues and collection matters.
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Jose –
It provides all the essentials you need to know in order to apply them according to the company’s A/R needs.
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Sara –
Very useful in our business – I try to keep up on these topics as part of my job, and the AIPB book is extremely comprehensive…it addresses all of the relevant topics.
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Tammy –
It gave me a better understanding and a little more knowledge on how to handle collections in a more effecient way
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