Which types of debts are commonly managed by collections managers?

Collections managers typically handle various types of debts that individuals and businesses owe. The correct answer highlights the most common categories of debts, which include personal loans, credit card debts, medical bills, and utility bills.

Personal loans often arise from borrowing for various personal needs, credit card debts accrue from consumer purchases, medical bills result from healthcare services rendered, and utility bills are incurred for services such as electricity, water, and gas. These debts are usually unsecured, meaning they are not tied to collateral, making them more likely to be handled by collections management as they can become delinquent.

The other options, while relevant to debt collection, do not encompass the broader range of debts typically managed by collections managers. Business loans and automotive financing involve different aspects that may not fall under everyday consumer collections. Secured debts, like mortgages, while important, do not represent the typical focus of collections management in consumer finance. Rental payments and taxes owed are specific debt categories that are managed but do not cover the full spectrum of debts encountered in the collections field, thus making the second option the most inclusive and representative choice.