The Fair Debt Collections Act Allows

question 4

Multiple Choice

The Fair Debt Collections Act allows:

• A) a message to be left with the client's employer regarding details of the account
• B) collectors to threaten clients in order to collect funds
• C) protection for the client against collections personnel
• D) debtors to be called anytime

Comprehend the principles and effectiveness of Solution Focused Counseling.

Identify different types of therapeutic relationships and their characteristics.

Recognize the cost-effectiveness of behavior contracting in therapy.

Understand the role of contingency management and internal incentives in achieving personal goals.

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Definitions:

Permanent Account

An account that is not closed at the end of the accounting period and whose balances are carried forward into the next period.

Allowance for Doubtful Accounts

An accounting method used to estimate the portion of accounts receivable that is expected not to be collected.

Net Realizable Value

The amount (Accounts Receivable – Allowance for Doubtful Accounts) that is expected to be collected.

Gross Accounts Receivable

The total amount owed to a company by its customers for goods or services delivered on credit before any deductions for returns or bad debts.