Tools of the trade
use this site to determine who has filed bankruptcy
what is pacer
once equipment is recovered you send send this letter to all obligated parties.
What is notice of sale letters
If unable to contact customer by phone, email or text you should attempt to reach them using this outside agency when contracts are below $30k
what is quiktrak
The following statement : "lost contract with major food chain" could be consider what in your review.
what is reason for default
use this document as a last ditch effort when all other steps have been taken and no other steps can be taken...dead end.
What is a settlement offer letter
You should order this document once you assigned a truck or trailer for repossession.
What is the title
you should complete this document when sending legal to ensure all remaining balanced owed is calculated correctly including any default interest.
what is an AV
what is IDICORE report (locate report)
use this excel spreadsheet to locate someone to help with "evaluations" of an invoice.
what is remarketers
you should complete this report when notified the equipment has mechanical issues and could affect the overall value of equipment.
what is the remarketing checklist
When searching for assets you should check for property owned for the following ______, _______,and / or _________ (all obligated parties)
What are the PG's , Business, and or CG's.
use this report when a customer is offering a reduced amount of money to settle a contract.
what is a settlement checklist
use these two documents when working through a contract to ensure steps not overlooked
what is Recovery Checklist and Recovery at a glance
you should request to update this ____ after equipment is sold and funds received
What is Credit Report
When transferring to legal request is sent; you should make sure this is at the top of your note in leaseworks.
what is updated problem loan note
when a payment clears after you requested verbiage, you should do the following steps in order to possibly pull verbiage again next month.
what is put on your calendar as a reminder and attempt to reach all obligated parties before requesting verbiage again.
You should send this document when a debtor has a potential buyer who wants to purchase the titled equipment but needs financing.
what is credit application
you should update the UDF1 during the following updates.
what is
1. assigned for repossession
2. equipment confirmed repossessed
3. sold date with amount sold and fee's associated to sell.
(2) part question:
if contract net balance is between $10-15k and pg's do not own property but business does you should do what with this contract.
If contract net balance is 16k and no obligated party has assets you should do what with this contract.
what is loss pool or recourse documents