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.
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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 states||Hourly||Annual|
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.
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|
Pros and Cons
Here are some of the pros and cons of being a Bill and Account Collector.
|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.|
|Not suitable for people who likes to work with designs|
|One of the lowest paying jobs|
What is the job like
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
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.
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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