Commercial Collections

  • $10.00


The Commercial Collections assessment focuses on Collection Terms, Commercial Collection Rules, Legal Issues, and Communication appropriate for an individual with at least 1 year of collection experience. Questions are a combination of scenarios a collector would encounter on a daily basis and terms pertaining to commercial collections.

Assessments for Call Center Collections, Financial Math, and Financial Spelling are also available.

Number of questions 36
Test format Multiple-Choice
Time to complete Varies by skill
Topics covered Collection Terms
Commercial Collections Rules
Communication
Legal Issues
Tasks tested 90+
Approach to Collections
Appropriate Term for Someone Who Owes Money
Chapter 11 Bankruptcy
Chapter 7 Bankruptcy
Collecting Information from the Debtor
Collection Process
Commercial Collector Representation
Contacting Proper Personnel
Debtor Failure to Appear
Definition of Commercial Collections
Execution of a Judgment
Freezing a Bank Account
Judgment and Interest
Knowing the Responsible Parties
Knowing When to Call on an Account
Knowledge of Who Should Handle Collection Files
Net 30
On Service or Credit Hold
Personal Guarantee
Proper Understanding of Frequently Used Terms
Rates for Late Charges
Reaching Appropriate Department
Receivables or Aging Reports
Receiving Checks
Receiving Post-Dated Checks
Required Certification for Commercial Collectors
Secured Debt
Skip Tracing
Sole Proprietor Responsibility
Statement
UCC
Utilizing a Third Party
What Third Party May Be of Assistance
Supported languages ๐Ÿ‡บ๐Ÿ‡ธ English (en_US)