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. Total Questions 36 Question Types Multiple Choice Competencies Tested CommunicationCollection TermsCommercial Collections RulesLegal Issues Tasks Tested Knowing When to Call on an AccountProper Understanding of Frequently Used TermsContacting Proper PersonnelReaching Appropriate DepartmentApproach to CollectionsCollection ProcessWhat Third Party May Be of AssistanceDefinition of Commercial CollectionsUCCPersonal GuaranteeStatementAppropriate Term for Someone Who Owes MoneySkip TracingNet 30On Service or Credit Hold90+Receivables or Aging ReportsReceiving Post-Dated ChecksUtilizing a Third PartyCollecting Information from the DebtorRates for Late ChargesRequired Certification for Commercial CollectorsReceiving ChecksCommercial Collector RepresentationJudgment and InterestKnowledge of Who Should Handle Collection FilesChapter 7 BankruptcySecured DebtChapter 11 BankruptcyDebtor Failure to AppearFreezing a Bank AccountExecution of a JudgmentSole Proprietor ResponsibilityKnowing the Responsible Parties
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