BankTrainingCenter.com offers banking exams, banking degree training, and professional development for banking professionals
Course/Product Description
Title:

Pre-Suit Collection Strategies

SKU:WC-1022930
Date / Time: Recorded
Format: Webinar
Order:Qty:
Description:

Many companies extend credit to their customers or other companies with whom they do business without an organized plan for collecting on the indebtedness if the debtor fails to pay as agreed. Other companies recognize the possibility of default, but find themselves ill equipped to collect the debt when the default occurs, because of a failure to take the correct steps when the credit was extended.

This webinar helps creditors to understand first how to perform the necessary initial steps when credit is extended in order to increase the likelihood of successful collections later.

The course then explains to creditors how to establish a collections plan, should problems arise with payment. We also give practical tips of how to keep your collection costs low, so as not to further compound your overall loss.

Failing to consider how your company will approach collections results in a loss of collections and increased out-of-pocket costs at the time of default. This information helps lenders ensure that they have devised the most efficient collections plan appropriate for their businesses.

Agenda

Deciding Whether to Pursue Collections

  • Out of Pocket and Other Costs of Collection
  • Validity of the Claim
  • Location of the Debtor
  • Collectability of Funds
  • Side Effects of Suit
Preventative Collection: Collecting Without Filing a Lawsuit
  • Detailed Credit Applications
  • Security Interest
  • Prepayment Before Granting Credit
  • Paying Past Due Amounts Before Extending Future Credit
Designing a Collections System
  • Follow a Consistent Pattern for Each Credit
  • Start Informal Then Escalate
  • Be Mindful of the Fair Debt Collections Practices Act for Consumer Debt
How to Discover Assets: Finding Property From Which to Collect
  • County Real Estate Records
  • Some States, Such as Nebraska, Allow the Public to Search Driver's Records
  • Court Records
  • Debtor Financial Statement
About The Presenter

Mollie Pawlosky
  • Shareholder with Dickinson Mackaman Tyler & Hagen, P.C.
  • Practice emphasizes all aspects of commercial litigation, collections and foreclosures
  • Selected for inclusion in the 2009 to15 editions of Chambers USA: America’s Leading Lawyers for Business as a “Leading Individual” in the area of General Commercial Litigation for the state of Iowa
  • Selected for inclusion in the 2016 edition of Best Lawyers in America in Bankruptcy & Creditor Debtor Rights/Insolvency & Reorganization Law
  • Selected as one of the Des Moines Business Record’s Forty Under 40 honorees for 2010
  • Wrote several articles on civil procedure, commercial litigation and collections
  • J.D. degree, with honors, DePaul University Collect of Law


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
Order:Qty:
Share This: Share on Facebook


Share on Twitter


Share on Google+


Bank Call Report Preparation for Beginners
Bank Call Report Preparation for Beginners

Call Reports: RC-C Loan Coding and Related RC-R Reporting
Call Reports: RC-C Loan Coding and Related RC-R Reporting

Introduction To Credit Analysis
Introduction To Credit Analysis

Controlling the Risks of Power of Attorney Documents
Controlling the Risks of Power of Attorney Documents

ACH Exception Processing
ACH Exception Processing

Certified Regulatory Vendor Program Manager
Certified Regulatory Vendor Program Manager

Writing an Effective Credit Memorandum
Writing an Effective Credit Memorandum

Calculating Cash Flow
Calculating Cash Flow

Financial Risk Manager Certification
Financial Risk Manager Certification

CSA Certified Senior Advisor
CSA Certified Senior Advisor

Qualified Financial Advisor (QFA)
Qualified Financial Advisor (QFA)

Securities License
Securities License

Lending 101
Lending 101

Loan Officer Boot Camp
Loan Officer Boot Camp

Basic Underwriting
Basic Underwriting

Loan Processing 101: The Basics
Loan Processing 101: The Basics

 BankTrainingCenter.com. 5755 North Point Parkway, Suite 228 | Alpharetta, GA 30022 | 770-410-9375 | support@BankTrainingCenter.com
Copyright BankTrainingCenter.com 2017 | Web Site Development by OTAU
Facebook