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Structuring a Collection Call Wendell Etheridge TEC Services Group.

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Presentation on theme: "Structuring a Collection Call Wendell Etheridge TEC Services Group."— Presentation transcript:

1 Structuring a Collection Call Wendell Etheridge TEC Services Group

2 Getting that “First Hello” Turn a ‘wrong party’ contact into a RIGHT PARTY CONTACT Their time is YOUR money!

3 Getting that “First Hello” Preparation Identification Verification Documentation

4 Bridging the Gap – Coming to an Understanding Determine why there has been no action Empathize versus Sympathize Identify any disputes or objections

5 Bridging the Gap – Coming to an Understanding Communication Information Education Exploration Situation Complication

6 Overcoming Obstacles – Knock down the barriers Not paying IS NOT AN OPTION A carrot or a stick – the benefits of paying and the consequences of delaying Know your department guidelines

7 Overcoming Obstacles – Knock down the barriers Obligation Expectation Organization Negotiation

8 Developing the Solution Everybody can win Sources of Money Payments over time?

9 Developing the Solution Remuneration Qualification Application Consideration Duration Examination

10 Creating a Sense of Urgency Time Value of Money Earliest Restitution = Earliest Resolution Recap. Restate. Reinforce.

11 Creating a Sense of Urgency Customization Motivation Rehabilitation


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