The economy has actually created a great platform for individuals who work within the collection industry. While unemployment is high, this industry is booming. However, prior to being able to work within this booming industry, individuals have to undergo credit and collections training.
When you are unable to pay your bills, due to whatever financial problem you may be facing, the last people that you want to talk to is a collector. To be honest, collectors do get a bad reputation, for simply doing their jobs. However, if you want to work in an industry that is never going to let you go, and give you job security, then working as a collector is a great way to go.
The agent who receives the account, will have to speak to the debtor directly, in order to collect the money that is due. It sounds like a difficult job, but there are a lot of rewards that come with it. Prior to being able to work on accounts that have been sent to be collected on, an aspiring collector will have to be properly trained.
The training to work in this type of position is intense. Collectors are required to follow a set of rules, whenever they collect money from someone. These rules are actually a written law that is known as the FDCPA. This law is not anything new, it was originally passed in 1973.
The law was set into place to protect the people that the collector is calling, it does not do anything to protect the collector at all. There have been a lot of court cases performed, regarding this law, and individuals not abiding by it. If a collector neglects to follow the law, they can be fined for it.
If you are considering looking into getting into this industry, you have to realize that working as a collector is not going to be easy. You will have to deal with many different types of people, and some of these people are not going to be happy to be speaking with you. You will be cursed at, and you will have phones slammed in your ear, but you have to keep pushing through.
Your job will be to help the individual locate the money to pay you with. In some cases, this is easier said than done, because most people would rather eat glass than speak with a collector. In fact, the job is so stressful, that many people working in the industry, can only survive to work in it for a short frame of time, before they quit.
However, just because the industry has a high turnover rate, this does not mean that it is not a decent job. There are a lot of people that have managed to make great careers working as collectors. With the right credit and collections training, it is possible to make hundreds of thousands of dollars. You just need to be dedicated, and willing to go the extra mile.
When you are unable to pay your bills, due to whatever financial problem you may be facing, the last people that you want to talk to is a collector. To be honest, collectors do get a bad reputation, for simply doing their jobs. However, if you want to work in an industry that is never going to let you go, and give you job security, then working as a collector is a great way to go.
The agent who receives the account, will have to speak to the debtor directly, in order to collect the money that is due. It sounds like a difficult job, but there are a lot of rewards that come with it. Prior to being able to work on accounts that have been sent to be collected on, an aspiring collector will have to be properly trained.
The training to work in this type of position is intense. Collectors are required to follow a set of rules, whenever they collect money from someone. These rules are actually a written law that is known as the FDCPA. This law is not anything new, it was originally passed in 1973.
The law was set into place to protect the people that the collector is calling, it does not do anything to protect the collector at all. There have been a lot of court cases performed, regarding this law, and individuals not abiding by it. If a collector neglects to follow the law, they can be fined for it.
If you are considering looking into getting into this industry, you have to realize that working as a collector is not going to be easy. You will have to deal with many different types of people, and some of these people are not going to be happy to be speaking with you. You will be cursed at, and you will have phones slammed in your ear, but you have to keep pushing through.
Your job will be to help the individual locate the money to pay you with. In some cases, this is easier said than done, because most people would rather eat glass than speak with a collector. In fact, the job is so stressful, that many people working in the industry, can only survive to work in it for a short frame of time, before they quit.
However, just because the industry has a high turnover rate, this does not mean that it is not a decent job. There are a lot of people that have managed to make great careers working as collectors. With the right credit and collections training, it is possible to make hundreds of thousands of dollars. You just need to be dedicated, and willing to go the extra mile.
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