Loan Collection is the process of pursuing payments of debts owed by individuals or businesses. Turns open invoices into cash, therefore increasing the cash flow while mitigating credit risk.
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JOB RESPONSIBILITIES. Contact borrowers with past-due accounts by phone or mail to request payment. Negotiate extensions and modifications of loans, and arranging payment schedules. Review assigned accounts to determine if collection methods have been effective. Recommend to collections manager accounts to review for special handling or intensified collections actions. Maintain accurate and complete records on past-due accounts and collections ...
