Bill and Account Collectors: Salary, Job Description, How To Be One and More

Stanley TanLeave a Comment



Bill and Account Collectors jobs information
pros and cons of being a Bill and Account Collector

Bill and Account Collectors

Other names for this job might include Account Receivable Associate, Account Representative, Account Resolution Analyst, Account Service Representative, Accounting Technician, Accounts Collector, Accounts Receivable Specialist, Agent, Bad Credit Collector, Bill Collector


  • $36600
    Salary
  • 71%
    Job satisfaction
  • Easy
    Becoming one
  • High
    Job growth
OwlGuru Rank

B



Bill and Account Collectors: Know It All In 1 Minute


In this career summary, you will find out what the job of A Bill and Account Collector is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Bill and Account Collectors locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer’s account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; and keeping records of collection and status of accounts.

  • Arrange for debt repayment or establish repayment schedules, based on customers’ financial situations.
  • Locate and notify customers of delinquent accounts by mail, telephone, or personal visits to solicit payment.
  • Advise customers of necessary actions and strategies for debt repayment.
  • Persuade customers to pay amounts due on credit accounts, damage claims, or nonpayable checks, or to return merchandise.

Read more about what does A Bill and Account Collector really do at work and what is it like being and working as one.


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Salary

Average salary
$36600 per year

Hourly wage
$17.6 an hour


Bill and Account Collectors with little to no experience tend to make between $22920 and $27730 while the more experienced ones make over $42780 per year.

Top 5 paying statesHourlyAnnual
DC$28.93$60170
CT$21.17$44040
MA$21.05$43790
AK$20.19$41990
CA$20.19$41990

1 of the easiest ways to increase your salary as A Bill and Account Collector is to move to a higher paying state like DC. Right now, the highest paying states for Bill and Account Collectors are DC, CT, MA, AK and CA.

However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as A Bill and Account Collector is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Bill and Account Collectors make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
High School Diploma (or GED)

We asked other Bill and Account Collectors what degree they had when they got the job and most of them said they had a High School Diploma followed by No degree.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Banking and Financial Support Services

Another popular question from our readers is what makes A Bill and Account Collector successful or would they be good in this career.

Well, we found that most successful Bill and Account Collectors have these 5 skillsets.

Active Listening
Speaking
Social Perceptiveness
Persuasion
Reading Comprehension

In addition to that, 1 common characteristic among successful Bill and Account Collectors is they are good at Self Control. Here are the top 5 common characteristics.

Self Control
Stress Tolerance
Dependability
Integrity
Attention to Detail
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Bill and Account Collector and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Bill and Account Collector as your career.

PROS
Suitable for people who likes to follow routines
Suitable for people who values relationships between coworkers and customers and wants to work in a friendly noncompetitive environment
This career is perfect for people who love to work indoors.
It is easy to get into this career. Some previous workrelated skill, knowledge, or experience is required for this career.
CONS
Not suitable for people who likes to work with designs
One of the lowest paying jobs


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
71%

Is this job meaningful
47%


Working hours
40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Bill and Account Collectors work 40 hours per week.

71% of Bill and Account Collectors said they were satisfied with their job and 47% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Organizers and The Persuaders


You can read more about these career personality types here.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas.

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



How we can help

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They interview persons by telephone, mail, in person, or by other means for the purpose of completing forms, applications, or questionnaires. Ask specific questions, record answers, and assist persons with completing form. May sort, classify, and file forms.






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Career type

Office and Administration
Banking and Related Services

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Related to Bill and Account Collectors Career Information

Bill and Account Collectors job description, Bill and Account Collectors salary, Bill and Account Collectors information, what is the job of a Bill and Account Collector like, pros and cons about Bill and Account Collectors, colleges and universities for Bill and Account Collectors, is Bill and Account Collectors the right career for me, Easy careers to get into, careers in Office and Administration

Additional resources

http://www.bls.gov/OOH/office-and-administrative-support/bill-and-account-collectors.htm
http://www.acainternational.org/

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Bill and Account Collectors
Written by: Stanley Tan
Bill and Account Collectors locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer's account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; and keeping records of collection and status of accounts.
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