Question: Develop a customer Debt Collection policy including the following: Procedure to identify a bad and doubtful debt Communication protocols of how and when to contact

Develop a  customer Debt Collection policy including the following:

  • Procedure to identify a bad and doubtful debt
  • Communication protocols of how and when to contact and communicate with debtors, whilst referring to the Australian Competition &Consumer commission guidelines for debt collection
  • All timeframes of contact with the debtor as well as when to engage debt collectors and initiate debt collection

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Customer Debt Collection Policy 1 Identification of Bad and Doubtful Debt Definition A bad debt is one that is deemed uncollectible while a doubtful d... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!