Maricopa Community Colleges  CSR157   19986-20012 
Official Course Description:   MCCCD Approval:  05/26/98
CSR157      19986-20012 LEC 2 Credit(s) 2 Period(s)
Credit Card Collection Guidelines
Overview of credit card collection laws. Includes collection polices and procedures. Credit card company background, products and collection department functions also covered. Prerequisites: None.
 
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MCCCD Official Course Competencies:
 
CSR157   19986-20012 Credit Card Collection Guidelines
1. Summarize how purpose, mission and values influence a corporation. (I)
2. Explain the function of the Collections Department. (II)
3. Define installment and revolving credit. (III)
4. Explain the life cycle of a credit card account. (III)
5. Summarize various credit card products and features. (IV)
6. Differentiate between basic features and added-value features. (IV)
7. Examine laws and regulations that govern credit card collection practices. (V)
8. Explain collection policies and procedures. (VI)
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MCCCD Official Course Outline:
 
CSR157   19986-20012 Credit Card Collection Guidelines
    I. Company Background
        A. History
        B. Values
        C. Purpose
        D. Criteria for Winning
        E. Mission
        F. Department Functions
      II. Collections Department
          A. Organizational Chart
          B. Structure
          C. Inbound/Outbound
          D. Support
          E. Skip/Bad Records Unit
          F. Stages of Delinquency
          G. Qualities of a Collector
        III. Credit Card Overview
            A. Installment Credit
            B. Revolving Credit
            C. Acquiring New Customers
            D. Life Cycle of Account
          IV. Credit Card Products
              A. Product Types
              B. Visa and Mastercard
              C. Basic Features
              D. Added Value Features
              E. Fee Services/Product Enhancement
              F. Dirm Merchants (outside vendors)
              G. Specialty Products
              H. Co-Brand Products
              I. Affinity Products
            V. Collection Laws
                A. Common Collection Terms
                  1. Creditor
                  2. Credit Agreement
                  3. Terms and Conditions
                  4. Consumer
                  5. Customer
                  6. Third Party
                B. Account Relationships
                  1. Individual Account
                  2. Joint Contractual Account
                  3. Joint Account
                  4. Co-maker Account
                  5. Maker Account
                  6. Authorized User Account
                  7. On Behalf of Account
                  8. Undesignated Account
                C. Who Can Be Spoken To Regarding a Cardholder's Debt
                  1. Primary Cardholder
                  2. Cardholder's Attorney
                  3. Cardholder's Spouse
                  4. Consumer Counseling Agencies
                  5. Authorized Third Party
                D. Calling Business Numbers
                E. Fair Debt Collections Practices Act
                  1. Definition
                  2. Abuse and Harassment
                  3. False or Misleading Representation
                  4. Unfair Practices
                F. Talking to Third Parties
                G. Fair Credit Billing Act
                H. Truth in Lending Act
                I. Regulation Z
                J. Disputes
                K. Billing Errors
                L. Claim of Defense Disputes
                M. Fraud
                N. Credit Agreement
              VI. Collection Policies and Procedures
                  A. Working Overlimit Accounts
                  B. In-House Litigation
                  C. Post Dated Checks
                  D. Minimum Payments
                  E. Branch Guarantee
                  F. Deceased Special Handling
                  G. Bankruptcy Special Handling
                  H. Third Party Handling
                  I. Customer Requests No Calls
                  J. Security Referrals
                  K. Customer Service Disputes
                  L. Soldiers and Sailors Civil Relief Act
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