Working with Troubled Members: Loan Extensions, Deferments, Re-Aging, Refinancing &

Incentives - Webinar

 

Wednesday, October 24,  2012

2:00 - 3:30 pm CST

 

Speaker: David Reed, Reed & Jolly, PLLC

 

About the Program

Here’s a simple accounting rule that everyone understands: a loan is only an asset if the member pays on it. The trick is how to keep the member paying when they are facing difficult times. With bankruptcy attorneys, loan sharks, bogus debt-solution firms, and credit doctors, the marketplace is filled with people offering your member an “easy way out” of paying on a loan.

 

What are you going to do about it? Once a member begins to have financial problems, your credit union needs to effectively communicate with them and be ready to work on finding a successful conclusion to the loan. To do this, you need to understand all the work-out options available and how to use each one effectively. This webinar will teach you successful techniques for early identification and intervention with troubled members that focus on member service and creating a workable solution to a delinquency problem!

 

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