COLLECTION PROCESS FOR DELINQUENT ACCOUNT

Days Delinquent
0 → 30 60 90 → 120 180 over
1. Computer- 1. Telegram 1. Final Collection Referrals: 1. Continuation 1. Reserved
Generated for new Efforts: 1. To lawyer- of collection 2. Written-
1st (6th day) delinquent a. Telephone secure efforts- Off
2nd (11th day) accounts Call accounts accounts not
reminder (30th day) b. Final demand -For referred
3rd (21st day) 2. Collection letter – replevin/ 2. Litigation by
2. Telephone calls letters (45th warning of litigation lawyers
day) litigation 2. To lawyer/ 3. Collection
3. Attorney’s 2. Extrajudicial collection efforts by
letter – 45th foreclosure/ agency – collection
day repossession of Unsecured agency
4. Field Visit secured units accounts
1. Reminder/Letters 1. Telegram 1. Final Collection Referrals: 1. Continuation 1. Reserved
1st (6th day) – for new Efforts: 1. To lawyer- of collection 2. Written-
statement of delinquent c. Telephone secure efforts- Off
accounts accounts Call accounts accounts not
2nd (11th ) (30th day) d. Final demand -For referred
reminders 2. Collection letter – replevin/ 2. Litigation by
letters (45th warning of litigation lawyers
day) litigation 2. To lawyer/ 3. Collection
3. Attorney’s 2. Extrajudicial collection efforts by
letter – 45th foreclosure/ agency – collection
day repossession of Unsecured agency
4. Field Visit – secured units accounts
to 60th