Collection (Dunning) Letters and Notices
Collection Letters| © Credit Guru.com Collection Letter, also called Dunning Letter, is a good collection tool for an accounts receivable person. A Collection Letter has two main objectives:
Collecting your Debts
COLLECTION SKILLS TRAINING - DEBT COLLECTION [dropcap]Consider the following eight points when collecting from your overdue customer: [/dropcap]
Collecting from your large customers: Is it 'Collections' or 'Corrections'?
Collecting Accounts Receivable from Big Customers. "Collections or Corrections?" Author: Sharma Ramdular , Program Director, Credit Guru Inc- CreditGuru.com, A few years ago, I was at a major intermodal...
Collections: 1st Party versus 3rd Party
Collections 1st Party vs. 3rd Party Sharma Ramdular , Program Director Credit Guru Inc - CreditGuru.com, [dropcap]Most have placed at least one of our customers in 3rd party collections some time...
Sample Dunning (Collection) Letter 1
The following is a sample collection letter, also called a Dunning letter. This is Letter #1. Letters get progressively firmer in their tone and demand. Sample Collection Letter # 1:-...
Sample Dunning (Collection) Letter 2
This is Collection Letter #2, which follows after Letter #1. The demand for payment gets progressively firmer. Sample Collection Letter # 2: CreditGuru.com May 30, 2024 Classy Debtor...
Sample Dunning (Collection) Letter - Final Demand Notice
After sending Letters # 1 and #2, it is time to make the Final Demand for payment. Sample Final Demand Notice: CreditGuru.com June 04, 2024 Classy Debtor Inc12...
More Sample Dunning (Collection) Letters
The following are some more examples of Dunning (Collection) letters: [block type="rounded" color="#FFF" background="#f16a10"] Reference: Outstanding Invoice Number 610009 dated Mar 09, 20xx for $___.__ (As...
Measuring Collection Performance
Measuring Collection Performance There are numerous collection measures for evaluating performance. There are measures to assess performance at the organizational level and others that get more granular in appraising the...
Handling Objections In Debt Collection
OVERCOMING OBJECTIONS In debt collection, mere focus on improving recovery rate can lead to unfair and inconsistent treatment of customers. A collector is front-line staff who speaks directly with customers...
The POWER of the Ear that Listens and not just Hears!
LISTENING SKILLS “Most people do not listen with the intent to understand; they listen with the intent to reply.”Stephen R. Covey, The 7 Habits of Highly Effective People I feel...
Should you make a call or should you email?
EMAIL/TEXTING VS. PHONE CALL: WHICH IS BETTER? Emailing/Texting vs. Making a phone call: which is better? I often get asked this question in our seminars and corporate training programs....