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WorksheetsASSESSMENT TEST FOR CREDIT AND COLLECTION
Total questions: 11
Worksheet time: 6mins
Q. IS A NUMERICAL GRADE OF YOUR CREDIT WORTHINESS AT ANY GIVEN TIME.
CREDIT SCORE
CHARACTER
CREDIT MANAGEMENT PLAN
CREDIT REPORT
Q. THE 5c's OF CREDIT.
CHARACTER, CAPACITY, CREDIT REPORT, COURSE, COOL
CORE, CREDIT, CHAPTER, COGENT, CHARM
CAPACITY, CAPITAL,CHARACTER, COLLATERAL, CONDITIONS
Q. A CREDIT APPLICATION IS A FORM USED BY POTENTIAL BORROWERS TO GET APPROVAL FOR CREDIT FROM LENDERS.
TRUE
MAYBE
FALSE
Q. (RIGHT YOUR ANSWER IN CAPITAL LETTER)
FOLLOW UP QUICKLY, FOLLOW UP (a) .
Q. PAYMENT RULES:
AT 99 DAYS THE ACCOUNT WILL BE PLACED WITH A COLLECTION AGENCY.
FALSE
TRUE
Q. YOU MUST PAY YOUR BILL WITHIN 30 DAYS FROM THE DATE OF THE BILL.
TRUE
FALSE
Q. ONE OF THE SKILLS AND RESOURCES TO MANAGE CREDIT SUCCESSFULLY.
MEDICATION SKILLS
UNSIGNED CREDIT APPLICATION
NEGOTIATION SKILLS
FULL KNOWLEDGE OF THE FBCPA AND ANY STATE OR OTHER FEDERAL COLLECTION LAWS.
Q. CREDIT REPORT IS A GRADE OF YOUR CREDIT WORTHINESS.
TRUE
FALSE
(NO ABBREVIATION AND SHOULD WRITTEN IN CAPITAL LETTER)
Q. GIVE ONE CREDIT BUREAUS.
(a)
Q. THE THINGS YOU CAN DO TO MAKE CREDIT MANAGEMENT EASIER.
(CHECK ALL POSSIBLE ANSWER)
MAKE IT EASY AS POSSIBLE FOR CUSTOMER
HAVE A CREDIT POLICY
MANAGE YOUR RECEIVABLES
KEEP AN EYE ON YOUR ACCOUNT PAYABLES
Q. The 3C's of a succesful collection strategy.
communication, choice, control
Capital, control, capacity
Chraracter, choice, chance
Clean, close, collateral
