Basic Definition

Quiz
•
Professional Development
•
Professional Development
•
Hard

Gary Gross
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a skip?
Debtor who defaults on loan and then relocates. (Most skips are not intentional)
Debtor who passes the first payment to get to the next payment
A debtor who does not default on the loan
Allows no payments from the debtor for 24 months
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a skip tracer?
A term used for following the path of a rock thrown in a lake.
A person who defaults on a loan and relocates
Person who locates people who have defaulted on their auto loan debt.
Person who has defaulted on their student loan.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Preskip?
A case where the debtor has already paid but not in the system.
An application used to enter the debtors information into the system.
A procedure used to make a final attempt to collect the debt
The skip tracing procedure applied to each case prior to being assigned to an agent.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Lien?
A non-legal claim towards a property that is in debt.
A legal claim against property that can be used as collateral.
When the debtor has paid their debt.
When someone has one too many drinks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Lien Holder?
Is the company where the vehicle was purchased at the time of the loan.
Is the lending institution owns the vehicle until its paid off.
The institution that owns have of the vehicle until its paid off.
Someone who provides support when you've had too many drinks.
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
There are two sides to our repossession business, what are they? (Choose all that apply)
Direct
Internal
Global
National
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A direct operation is defines by?
Instant payment
Tax code number
Zip code matrix
Phone matrix
Create a free account and access millions of resources
Similar Resources on Wayground
9 questions
1. Intro to Moves - TEG

Quiz
•
Professional Development
15 questions
Pre-Test for the Newly Hired PDOs

Quiz
•
Professional Development
14 questions
Career Paths Accounting 2 Unit 10

Quiz
•
Professional Development
11 questions
Productivity Systems

Quiz
•
Professional Development
10 questions
M1 - Assignment 1

Quiz
•
Professional Development
5 questions
WCAP

Quiz
•
Professional Development
10 questions
Resource Mgmt Pre-test

Quiz
•
Professional Development
11 questions
PTP Matrix

Quiz
•
Professional Development
Popular Resources on Wayground
10 questions
Video Games

Quiz
•
6th - 12th Grade
20 questions
Brand Labels

Quiz
•
5th - 12th Grade
15 questions
Core 4 of Customer Service - Student Edition

Quiz
•
6th - 8th Grade
15 questions
What is Bullying?- Bullying Lesson Series 6-12

Lesson
•
11th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade