Debt Collection 101: Episode 4 - Helpful Tips from a Top Collector

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  • čas přidán 6. 09. 2017
  • Are you looking for helpful tips and advice from a top debt collector? Check out Arbeit U's newest episode on our Debt Collection 101 series. Learn tips from a professional collector and improve your skills.
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Komentáře • 54

  • @derick42790
    @derick42790 Před 4 lety +48

    I've been working for a collection agency now for 7 months. This video is excellent, I'm trying to be the top collector in my agency and I'm close to it. I love the videos

    • @ArbeitU
      @ArbeitU  Před 4 lety +1

      Thank you so much for watching!

    • @nuvowang8059
      @nuvowang8059 Před 2 lety +1

      Same, any tips?

    • @NotUrRubberDuck
      @NotUrRubberDuck Před rokem +2

      This is TheDuck... this video helped changed my life. I won top collector for multiple months in a row. I got promoted to Manager and within a year I was promoted again and was running the project

    • @kamellesims574
      @kamellesims574 Před 8 měsíci

      I gave up my job as a shift manager working toward becoming a general manager for 20 years to work at home as a medical bill collector for a law office I'm just trying to get tips and pointers

  • @Allentox
    @Allentox Před 4 lety +29

    Other good tips are - reiterate- the customer's concern, reassure, create a sense of urgency, empathize, and talk with the customer, not to them. Go get 'em guys.

  • @salesarrs6199
    @salesarrs6199 Před 6 lety +18

    Alex, maybe unknowingly, brought up a very good point. He says he worked 4 hours a day and didn't dread going to work - didn't get burned out from making calls "all day". I'm reminded of how, when I was young, I did a four hour shifts in phones sales. The company's reasoning was that one would be fresher and try harder, in four hours, vs someone showing up for 8 hours and just doing "their shift". I think that would apply to me and maybe many others. It's now got me thinking of offering two "waves" of 4 hours shifts...for all. Might even cut down on employee absenteeism?

    • @ArbeitU
      @ArbeitU  Před 6 lety +2

      There are a lot of study's that show this actually helps! I think it is definitely a valid option especially in a call center type environment. When Alex owned an agency they considered doing all part-time collectors at 4 hours shifts, but it's kind of culture shock (at least then) since no one is used to it, so it never stuck.
      If you try it let us know your results!

    • @anonymousrandom14
      @anonymousrandom14 Před 4 lety +1

      Agreed my company does 8 hour shifts nights and weekends and a low retention rate because of it. Very easy to get burned out like this

  • @Dana-vq1tk
    @Dana-vq1tk Před rokem +1

    I would get a lot of PIF by using kindness and compassion. Also using the positive , like your cable or phone won't get turned off .

  • @DavidS-tr5hn
    @DavidS-tr5hn Před 6 lety +16

    As an agency owner, I can say Alex had the right idea to be a top collector in today's dialer environment.Get on and off calls. You Can not get inbound-money calls If you are sitting in a wrapping state on the dialer.
    Also, you don't have to be the best talker on the phone IF you know your database and can find the answers of the questions consumers are asking quickly.
    Good Content on this blog, Keep at it !

    • @ArbeitU
      @ArbeitU  Před 6 lety

      Thank you for the positive feedback and insight David! Means a lot to all of us here!

    • @thinkthrice123
      @thinkthrice123 Před 5 lety +1

      David, tomorrow is my first day as a collections agent in an agency.
      What do I have to focus on to be the best possible?
      I don't like bragging, but the environment is below what I was trained in.
      I was trained hands on, door to door sales, hardcore selling and harsh conditions.
      I honestly thing I have more training than 90% of the agents in the place. How do I go about being the top collector.

    • @JR-yw7ik
      @JR-yw7ik Před 2 lety +2

      @@thinkthrice123 its 3 years later... did you become the top collector?

    • @MAAU-tz1yc
      @MAAU-tz1yc Před 4 měsíci

      @@JR-yw7ikIt’s 4 years later, did you become a top collector?

  • @cindymacias7824
    @cindymacias7824 Před rokem +1

    i never did any role play my supervisor just through me to the phone he started me off with transferring calls first which i pretty much picked up fast i learned the script fast than they gave me a small amount of accounts to work on and that was doing outbound calls but what i need practice is on speaking to the debtor and speaking into detail regarding their account i dont want to give out the wrong info.

  • @ari03able
    @ari03able Před 3 měsíci +1

    If its a inbound call 90% u have a chance of collecting a debt,BIF,SIF OR PPA

  • @alexislamberson1901
    @alexislamberson1901 Před měsícem

    This is my second week in collections. I’ve worked at a bank doing customer service never calll center much less collections. I really like it so far but I do want to increase my chances with collecting payments for of course those extra commission bonuses. I have so coworkers who go in very demanding so I’m stuck with trying to find my lane and how to approach it

  • @sanjeevbisht9090
    @sanjeevbisht9090 Před 4 lety +8

    Don't fucking interrupt alex
    We are here to listen Alex only

  • @robertbass396
    @robertbass396 Před 6 lety +7

    I love that you guys are doing this. I really look forward to these videos.

    • @ArbeitU
      @ArbeitU  Před 6 lety

      Thanks! Glad that this is getting such great feedback!

  • @searchbug
    @searchbug Před 2 lety

    To ensure successful debt collection, you need to have an effective game plan. It should be efficient such that it maximizes profit and minimizes cost.

  • @TheGreatBigShow
    @TheGreatBigShow Před 3 lety +8

    1:08 in and i know this video is gonna piss me off already

    • @wisemansocrates
      @wisemansocrates Před 3 lety +1

      These people are scum. Debt collectors are greasy scummy people. Gamblers and used car dealers are saints compared to debt collectors.

  • @breaves82
    @breaves82 Před 3 lety +7

    Thanks!!!! Just became a collector from customer service and the transition has been a struggle. Hence, looking up tips!!!

    • @roxcyn
      @roxcyn Před 3 lety +3

      Good luck, let us know if you need any help

    • @waxwaterloo
      @waxwaterloo Před 3 lety +2

      Same here only 3 months in now but did 16 yrs of other type call center jobs but collections is definitely a different animal.

    • @roxcyn
      @roxcyn Před 3 lety +1

      @@waxwaterloo - Definitely let me know if you need any pointers.

    • @sphezuma3926
      @sphezuma3926 Před 3 lety +1

      @@roxcyn i need help

    • @roxcyn
      @roxcyn Před 3 lety +1

      @@sphezuma3926 - What do you need help with?

  • @purplefish0947
    @purplefish0947 Před rokem

    They do exist.

  • @mmafan3
    @mmafan3 Před 4 lety +8

    I'm looking into debt collection as a second career once I retire possibly next year. Doing my research now so I can go in fully prepared. Thank you for the advice.

    • @ArbeitU
      @ArbeitU  Před 4 lety +1

      We're so glad we could help you with research!

  • @alitanicholas9579
    @alitanicholas9579 Před 2 lety +2

    I couldn't really see any helpful tips here... All he said was he farmed out calls??

  • @josiesenneff3600
    @josiesenneff3600 Před rokem

    ...I was just looking for cool ways to display my anime figurines...

  • @bgkhiphop8577
    @bgkhiphop8577 Před 3 lety +7

    Definitely not a group of greasy people right here... i remember getting a notice of debt, paid it that day. and that agency proceeded to sell the same debt i had paid, without my knowledge my credit was being effected for the longest time. I'm very responsible with my money and have a positive networth. So why was it effected by someone like this? if my only option was to collect debts id kill my self.

  • @Insufficient202
    @Insufficient202 Před rokem

    3 months to be the top dog? Seems like their closers sucked. But great job!

  • @TheGreatBigShow
    @TheGreatBigShow Před 3 lety +2

    This was useless. The guy got lucky on the dialer for 3 months. Please have me on

    • @roxcyn
      @roxcyn Před 3 lety

      What do you need help with?

  • @phizzhead53
    @phizzhead53 Před rokem

    If the kid picks up the phone can you tell the kid that his toys are going to be sold on auction because his daddy cant pay his bills

    • @UmerStoryVlogs
      @UmerStoryVlogs Před měsícem +1

      Not allowed to disclose any information to minors or anyone else other than the debtor.

  • @realityhurts8697
    @realityhurts8697 Před rokem

    My tip, inform them, you don't work with entities you, did not contract with personally. Fuck em. No collectors ever got a dime from me, never will. I deal with the company I contract with only. Outside entities have Zero claim

  • @aronzimas5660
    @aronzimas5660 Před 6 měsíci

    Pink shirt guy is not a very good liar. You can tell he's hiding things. Good thing he speaks to customers speak to him over the phone. His non verbal language is all wrong.