ASSESSMENT TEST FOR CREDIT AND COLLECTION

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 ____________.

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.

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