Private Debt Recovery
This workflow template illustrates the first party (no collection agency involvement) recovery and payment of loans (in default) to private clients. Purchase and download this template in PDF, Visio and PowerPoint formats, and customize it to fit your organization, or use it to better understand the Private Debt Recovery process.
Related KPIs : Percentage of Inbound Promises to Pay Kept, Average Handle Time (AHT), Percentage of Right Party Contacts
What is Private Debt Recovery?
The Private Debt Recovery process involves the first party (no collection agency involvement) recovery and payment of loans (in default) to private clients. This process includes the loan scorecard process (to determine accounts that will be easiest to collect) skip tracing and payment collection/verification. Should a collections agency be employed, ensure that the agency meets with the Service Level Agreement. Otherwise, be prepared to pull back from the agency.
Download a Sample Private Debt Recovery
Frequently Asked Questions
Q: How do you create your Workflow Templates?
A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years analyzing operations at hundreds of leading companies worldwide, documenting thousands of business processes at precise levels of detail. We’ve anonymized this data—drawn from millions of dollars’ worth of consulting assignments—and have made it available to you in easy-to-use templates at affordable OpsDog prices.
Q: What can a Workflow Template do for me?
A: Boost productivity, efficiency, and service levels! Broken business processes—marked by manual workarounds, downtime, and errors—are all too common. Many businesses write off this waste as “the cost of doing business.” But you know better than that! Simply select the OpsDog Workflow Template that best fits your situation, tweak it to your liking, and then use it to train employees, identify process improvements, inform an IT project, or re-design a workflow. That’s a lot of power in your hands, cheap!
Q: What’s in the box when I buy one?
A: Three handy versions, all in one zipped file. It’s yours to download immediately upon purchase, and includes your chosen Workflow Template in PDF format, plus Microsoft PowerPoint (which you can edit), and Visio (which you can also edit).
Q: Your download-able templates look great. But I need something custom. Can you help?
A: Heck yes. Our analysts would be happy to provide you with a more detailed Workflow Template than what we offer for instant download. We can also develop an entirely new, customized Workflow Template to fit your business; we specialize in this stuff and would love to help you! Simply email us (firstname.lastname@example.org) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.