Good collection specialists handle their business professionally and are respected in the business community. The outlook for work in collections is good. Increased use of credit by consumers and increased problems with collections for credit grantors will bring continued need for in-house collectors in credit departments or outside collectors, the collection specialists. A career in collections offers you interesting and rewarding work. The collections field offers a variety of positions.
Salaries are usually competitive with other businesses in an area.
Collectors and collection salespeople usually receive a base salary plus a percentage, so pay for collectors depends greatly on their ability to collect. With experience and training, a capable collector may become a collection manager or supervisor. A collection service can range from one-person operations to large companies with offices all across the country. Most are small businesses that employ about 21 people. How a Service Operates Companies that extend credit will reach times in their billing and collection activities when they realize that their efforts to recover their money have become ineffective or unprofitable.