Debt Collector Career

Debt Collector is a person who collects debts on behalf of others or the organization which he works for. Most debt collectors are professional collection agencies. Most attorneys collecting debts for their clients are considered as “debt collectors” under federal law. A higher position in debt collection industry may require a college level education.

How to Become a Debt Collector

Make sure you have a high school diploma or GED. You do not have to have a college degree or technical training to be a debt collector; however, some states do require a license. Consider getting specialized training.

Debt Collector career courses, training, program

There are certificate courses available for debt collector job. The course will run over approximately few months. The course will include the theory and rules of debt collecting as well as drafting of all the debt collecting documents. Apart from this subjective knowledge they are also required to demonstrate excellent interpersonal and communication skills.

To develop this requisite skill set these candidates require hands on training long with their academic education. This sort of training programs enhances personality and prepares them for the challenges involved in the professional world. Debt collection is such a field where a candidate needs prior experience to deal with the clients and to take up day to day tasks involved in the job. One should study and learn government rules and regulations to apply to debt collection. These rules explain what is defined as harassment and false representation and explain times when a debt collector is allowed to call and more.

Debt Collector career schools/colleges, education

The education required for becoming a good debt collector is being provided by various reputed universities and colleges.

Top 4 colleges/ universities      

  1. BPP, UK
  2. NOCN, UK
  3. Minnesota State Colleges & Universities
  4. American Profit Recovery

Debt Collector career job opportunities, salary/pay

Most debt collectors are paid on hourly basis from $15 – $20 per hour, while many others work on commission. A particular percentage of the income is paid along with the bonus which is based on the performance. There was a high demand for debt collecting officers during the time of recession. Most of the debt collectors get the benefit of health insurance or retirement benefits.

Category: Banking Careers

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