How do I get a job in collections?
Employers often prefer to hire collections specialists with a minimum of a high school diploma. Consider postsecondary coursework in communication, accounting or business to provide you a variety of helpful skills and knowledge, preparing you for on-the-job training and work with debtors. Gain call center experience.
How much does a collections person make?
How much does a Collections Representative I make in the United States? The average Collections Representative I salary in the United States is $36,246 as of October 29, 2021, but the range typically falls between $31,276 and $40,222.
Is collections a stressful job?
Collections can be a stressful job. As a collection agent you’re dealing with intimate details of people’s businesses and their lives. You occasionally hear disturbing stories, and are faced with difficult decisions. Few people are happy to get a call from a collection agent and some are downright cruel or threatening.
Is collections a good career?
Debt collectors can earn good money depending on their experience and success in the field. The state you work in often impacts how much you earn as a debt collector even more. No matter the earning potential, bill collectors ranked No. 27 in Best Business Jobs by U.S. News in 2019.
What is the average salary for a collections specialist?
Collections Specialist Salaries
| Job Title | Salary |
|---|---|
| Chase Collections Specialist salaries – 23 salaries reported | $18/hr |
| Republic Services Collections Specialist salaries – 23 salaries reported | $36,341/yr |
| Ally Financial Collections Specialist salaries – 20 salaries reported | $18/hr |
What do collection managers make?
The average collections manager salary is $53,507 per year, or $25.72 per hour, in the United States. In terms of salary range, an entry level collections manager salary is roughly $38,000 a year, while the top 10% makes $75,000.
Can debt collectors work from home?
Under normal circumstances, in order to work from a residence, some states have specific requirements for debt collectors, such as requiring that the agency register an agent’s home address as a “branch office” with the state regulatory board. The regulation is currently valid for six months but could become permanent.
Is being a debt collector stressful?
Being a bill collector is stressful. Some people will scream and yell at you, call you names, hang up on you, and cry. Others will lie to you and tell you sob stories about why they cannot pay. This job can take a toll on your emotions, no matter how hard you try to keep them out of the equation.
Do debt collectors make good money?
Do debt collectors make good money? Debt collectors can earn good money depending on their experience and success in the field. The state you work in often impacts how much you earn as a debt collector even more.
Do collection agents get commission?
When consumers are not paying their debts, the companies that are owed call on the services of a debt collection agency. The agency charges a fee that is a percentage of the debt itself, usually between 10 and 50 percent, says Kiplinger.
What do collection managers do?
A collection manager ensures the proper care and preservation of objects within cultural institutions such as museums, libraries, and archives. Collection managers, along with registrars, curators, and conservators, play an important role in collections care.
How much does a collection supervisor make?
Collection Supervisor Salary
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $76,000 | $6,333 |
| 75th Percentile | $45,000 | $3,750 |
| Average | $42,468 | $3,539 |
| 25th Percentile | $34,000 | $2,833 |