When you are thinking about what kind of career you want, you will be looking for an industry that is growing and has real job prospects, which will allow you to grow as a person and support your family in the long run. One such industry, it may surprise you to learn, is debt collection. Consumer debt collection is one of the largest industries out there with a vast range of different job positions you can explore. In this handy guide, you will learn what it takes to become a consumer debt collector and why it is definitely the right career path for you to go down.
Why is debt collection right for you?
When you were young and asked what you wanted to grow up and be, the chances are you said fireman or nurse rather than debt collector, but there are some serious benefits to being part of this industry. For example, an average starting salary of around twenty-five thousand dollars a year, potentially rising to over fifty thousand when you reach the top of your industry, which is a fantastic amount of money to help you afford a beautiful home, raise a family, and even go traveling with. Another good thing to investigate is what life is like as a debt collector from someone who has already held the job for a number of years and can provide you with insider information to help you out as you start applying.
The right skill set
The next thing you need to find out is what qualifications and skills you need to do this job and do it well. The good news is that you do not necessarily need any advance formal qualifications in order to get your foot in the door at a debt collection agency, but a high school diploma is a must. Alongside this, you will need excellent verbal communication skills and, of course, emotional intelligence when dealing with clients. Collecting debts can be difficult if you are dealing with someone who is distressed, but the real job of a debt collector is to make the repayment manageable for the person in question and find a win-win solution. A final good idea is to seriously consider learning another language, as the debt collection industry has a huge demand for bilingual collectors.
Getting your license
The final thing you will need to do is make sure you are properly licensed to be a debt collector by using a service such as Cornerstone Support Debt Collection Licensing. The great thing about such companies is that they are able to give you information about the different laws requiring debt collection in each state and cover you so that, as your career takes off and you are starting to travel more for your job, you are always doing so legally.
Becoming a debt collector professionally is a smart move for someone looking to make good money and contribute to a vital industry.
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