Bill and Account Collectors: Salary, Job Description, How To Become One, and Quiz

Stan T.Career, OverviewLeave a Comment

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.

  • Record information about financial status of customers and status of collection efforts.
  • Locate and notify customers of delinquent accounts by mail, telephone, or personal visits to solicit payment.
  • Locate and monitor overdue accounts, using computers and a variety of automated systems.
  • Arrange for debt repayment or establish repayment schedules, based on customers’ financial situations.
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
$38220 per year

Average hourly wage
$18 per hour


Bill and Account Collectors with little to no experience tend to make between $24620 and $29420 while the more experienced ones can earn over $44710 per year.

Top 5 paying statesHourlyAnnual
DC$31$64,210
MA$22$45,810
AK$22$45,540
CT$22$45,360
NJ$22$45,260

One 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, MA, AK, CT and NJ.

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

Three 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.


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 a College Certificate.

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
Read more about how to become a Bill and Account Collector and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being a Bill and Account Collector.

PROS
Suitable for people who likes to follow routines
Suitable for people who values relationships between co-workers and customers and wants to work in a friendly non-competitive environment
This career is perfect for people who love to work indoors.
It is easy to get into this career. Some previous work-related 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

What is the job like

Job satisfaction
71%

Is this job meaningful
47%


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 Entrepreneurs

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.




Learn more about Bill and Account Collectors

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Related 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, careers in Office and Administration

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Account Receivable Associate, Account Representative, Account Resolution Analyst, Account Service Representative, Accounting Technician, Accounts Collector, Accounts Receivable Specialist, Agent, Bad Credit Collector, Bill Collector

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