Each position is going to be different and obviously the interviewer is going to drill down on the specific functions of the job and test your knowledge. If you have listed it on your resume it’s fair game for the interviewer. Remember your resume may just give them some queues on questions to ask you. If you talk about your experience making snow cones be ready to describe the process in detail. If it’s something you truly don’t know, say as much but then offer how you think that it could work. Use it as an opportunity to show your willingness to figure things out.
“Recovery Officer related Frequently Asked Questions by expert members with job experience as Recovery Officer. These questions and answers will help you strengthen your technical skills, prepare for the new job interview and quickly revise your concepts”
37 Recovery Officer Questions And Answers
Bill collectors should be good in communication and negotiations skill has they have to deal with customers who are in stressful financial situations.
3⟩ Tell me according to, Fair Debt Collection Practice Act, who are the third parties that the bill collector, can deal with while trying to collect a debt?
Third parties include
☛ The client or consumer
☛ The client’s attorney
☛ Client’s reporting agency
☛ The Creditor
☛ The Creditor’s attorney
☛ The debt collector’s attorney
Part of the work of a debt collector is to investigate the whereabouts of debtors. I have great investigative skills which make it somewhat easy for me to locate clients, by going through official and unofficial channels!
You should think through this question before you go to an interview and come up with a truly honest answer that rings true for you. Then you should tailor this answer to be appropriate to the interview. If your goal is to enter an entirely different field, you need to explain clearly why this job is the perfect stepping stone to that goal. For bonus points, identify a well-known mentor in your field, and explain the assets and aspects of their career that are touchstones for your own career goals.
Here you want to demonstrate your knowledge of the different roles within a team and show that you have a strength but can still be versatile. For example, you might say that you think it’s great that each team has a communicator, a leader, a note taker, etc. and that you tend to take on the leadership role but are also able to be a communicator or a note taker, as needed. Provide a brief example from a past experience at work.
The entire work of a debt collector is challenging. What I find most irksome is when debtors go into hiding, making the process longer than expected.
A “letter of demand” is usually issued by a bill collector to the customer, stating about the filing a lawsuit if payment is not done by debtor in given period.
It is an act which is prevalent and valid in U.S, and it creates guidelines according to which the bill collectors may conduct business, and it also determines the rights of consumers involved with bill collectors.
This is an interesting question I’ve been asked several times, again a good one to prepare for ahead of time. I would not provide an answer to a job that is entirely out of the field you are looking in. For instance if you are interviewing to be an accountant I would not respond that your ideal job would be hand modelling. Instead your going to want to tailor your answer more towards what this position is offering.
This is where you want to demonstrate your knowledge and passion regarding this particular employer. You should at the very least have looked through their website or talked with some current employees about the company.
12⟩ Explain what are the excuses customer usually makes to get away from debt payment? How to deal with that?
Customers usually have excuses like
☛ Cheque is in post: Ask him to send a copy of cheque through mail and inquire about the cheque number, date and what name the cheque is issued. If they are telling you the truth then, it will provide you all the facts you asked for and if not then probably they are lying
☛ Not received any statement, notice or any invoice: It is the most common excuse you will face. Ask them to give their address and make a request to pay the debt on that day itself.
☛ Account department operates only at 9am to 12pm one day a week: In such cases, think about the company size, is it really big to have an accounting department. And if yes, try to contact the director or partner of the company they can process your payment.
☛ Debtor is never available: Try to get personal contact number through which you can reach the debtor if that is not working send a warning letter about the payment to the debtor’s address, and they should call you back.
☛ Cash flow problem: If the client is really facing cash-flow problem ask him to pay the amount in small installment, if he is still resentful about paying the debt than refer them to a debt counsellor. If the problem is temporary then give him some time to overcome his problem but time should not exceed to a longer duration.
☛ Signatory is passed away: Nothing much can be done in such cases, unless you have a proper legal paperwork that states the third party name for the payment if anything goes wrong with the main party.
☛ Account is already been paid: If the debtor gives such excuses then try retrieve all the information like which bank account, date and day of the payment deposited, request to mail a copy of deposit slip, etc. If he stammers anywhere while giving information, then get alert it’s a red flag.
☛ Too busy: Show appreciation to debtor that keeps him busy, and politely ask them to settle the payment without any delaying as it is the best interest for him.
Don’t go overboard here, but don’t be afraid to highlight what you think your strengths are. If you can’t think of what they might be ask a friend, a parent, a spouse, your grocer. Get some honest feedback and be ready?
14⟩ Explain me what are the few main duties that you expect you will be performing as a debt collector if hired by us?
Creating lists of delinquent accounts and sorting them to prioritize clients, contacting debtors through telephone, email and in person to solicit payments from them, sending out reminders, and ensuring that all payments are properly logged so that accounts can be closed out, are some of the main duties I expect to be performing as a debt collector.
I have always felt that my follow-up skills are excellent. This coupled with an inherent interest to do something challenging on a daily basis is what made me pick up this work, and make a career out of it!
16⟩ Explain me about a time when you didn’t agree with your supervisor? How did you handle the situation?
The interviewer wants to know how you are going to work with them and their style. There isn’t a specific right answer here because there are definitely supervisors or managers that are very difficult to work with again the interviewer is looking for how you as the interviewee would fit in the team.
Things to be considered before filing a lawsuit is
☛ Is yours claim large enough to sue, as most attorneys in U.S will not file a lawsuit under $1000 and even $2000
☛ Is debtor active in business or job
☛ Find the correct address where you can send a legal notice to the debtor
☛ Check whether debtor holds up enough cash or property to pay the debts
☛ Some debtors won’t pay you unless legal action is not held, so hire an attorney who has experience in such cases
☛ If the client has the upper hand then always go for a settlement, as they have rights to counter claim against you for damages
☛ Can you provide enough proof or documentation that substantiate the debt
☛ Will you be able to present a witness if needed
☛ Does the cost include the warrant filing a lawsuit
18⟩ Explain me about a time when had to solve a really tough problem? Can you go through what you did and what were the end results?
Whether or not you get a similar type of question this is a great theme to think about before your interview. Think back through your career or education or any prior experience and think of a situation where you presented with a very difficult situation and how you either overcame the situation or didn’t. Remember you don’t always have to win, but you need to demonstrate that you can learn from these types of situations. This is not a one sentence answer, the interviewer is looking for you to demonstrate that you have problem solving skills to work through a situation or that you can handled some ambiguity.
I have over 6 years of experience working as a debt collector. In addition to experience, I am well-versed in strategizing ways to connect with debtors and solicit payment. The last 4 years that I have worked as a debt collector, I have been successful in closing all accounts assigned to me. I’m quite sure that I will be a great addition to your organization.
There is a subtle balance to be achieved when answering this question. You want to show that you can indeed be a great team member, collaborating with others and working together to produce a great end result. However, you also want to emphasize that you value the opportunity to share your own input and also that you have the ability to take instruction and run with it without having your hand held.
In order to achieve this subtle balance, you should answer that you do enjoy working as part of a team, but also that you aren’t afraid of taking on individual tasks, either. You should then provide two examples from your past; one that shows true collaboration and one that shows an ability to work independently in a manner that is an asset to the company.
A final note is that there are often gender stereotypes at play here that you should be aware of. Women are often seen as collaborative but unable to take initiative, so females should emphasize the portion of the answer that shows off their ability to take the lead on projects. On the other hand, men are sometimes seen as aggressive and unable to cooperate and take the lead from others, so their examples should emphasize their experience with collaboration.