Debt Collection Management
Debt collection is the process of pursuing payments of debts owed by individuals or businesses. Proper collections ensure a healthy cash flow and happy clients. Real Estate specific collections are more complicated due to the third party involved and proper knowledge of the industry as well as related laws is required.
- Fee: R4 000
- Duration: 10 Notional Hours
- Online/ Self-Paced
On completing: Receive a certificate of completion downloadable from the Student Portal
Start at any time.
To produce industry-related debt collectors. To equip learners / new employees with all related knowledge to the collections industry. To generate a knowledgeable work acumen in the collections industry and to understand and enforce all regulatory methods and procedures.
- Explain governance related to debt collecting
- Execute all processes & procedures in collecting debt
- Apply a diverse range of collection techniques
- Understand and apply a range of communication methods
- Deliver excellent client service
- Diffuse a difficult situation
Learning Unit 1: Definition of Debt Collecting
- Definition of debt collecting
- Why is it such an important role for any organisation
- The role of debt collecting in the business
Learning Unit 2: Governance related to Debt Collecting
- Council for Debt Collectors
- Debt Collection Act
- Protection of Personal Information (POPI) Act
- Code of conduct
Learning Unit 3: Debt collecting processes & procedures
- Invoicing clients
- Identifying errors on accounts
- Corrections
- Debit order processes
- Follow-up system and Diary process
Learning Unit 4: Collection techniques
- The psychology of debt collecting
- Avoid conflict and address issues as soon as possible
- Defusing a difficult situation
- Dangers of incompetent Debt Collecting
Learning Unit 5: Communication methods for debt collecting
- Rely on the information provided on the system
- Debt Collectors phone etiquette
- Managing a debt collecting call
- Do not assume anything, first check the account
- Approach for resolving queries
- Written communication skills
Learning Unit 6: Strategic Objectives, Employee Benchmarks and Reporting
- Department-specific Objectives, Measures and targets
- Employee Benchmarks
- Monthly reporting
Suggested exception reports

