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4 tips for making successful debt collection calls

On Behalf of | Mar 19, 2024 | Debt Collection |

Calling clients to ask for delayed payments or business debts is not everyone’s typical day in the office.

Making debt collection calls is an art that takes time to master and involves effective strategies and techniques. The following are some tips for making successful debt collection calls.

Be well prepared

Before making a call to a debtor, you should be well prepared. This may include familiarizing with the debtor’s record including their payment history, outstanding balance and any relevant correspondence or agreements. Knowing the specifics of the debt will not only demonstrate your professionalism but also allow you to address any potential objections or disputes the debtor may raise during the call. You can also prepare a script or outline to guide the conversation and help ensure you cover all necessary points without appearing unprepared or hesitant.

Establish a positive rapport

Approach the call with a friendly and empathetic tone. Remember, your goal is to recover the debt while maintaining a good relationship with the debtor if possible. Begin by introducing yourself and explaining the purpose of the call in a respectful manner. Listen actively to the debtor’s responses and acknowledge their concerns or circumstances.

Take control of the discussion

You should be careful not to cede control of the conversation to the debtor. While it’s important to listen to their perspective and address any legitimate concerns they may have, you must steer the conversation back to the matter at hand – resolving the debt. Politely but firmly guide the discussion towards establishing a payment plan or commitment to clear the outstanding balance.

Follow up diligently

After the call, follow up promptly with any agreements or arrangements made during the conversation. Send written confirmation of the agreed-upon terms, including details such as payment deadlines and amounts. Maintain regular communication with the debtor to ensure they adhere to the agreed-upon plan and address any issues that may arise.

If your debtor refuses to honor agreed-upon terms, it is important to understand your legal options. Seeking personalized legal guidance is a good way to get started.