How to Become a Debt Collector

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Management and collection of debts is an essential part of many companies and organizations. Debt collectors are trained professionals that keep track of overdue accounts and carry out a variety of tasks to collect payments.


Hey, I'm Joshua T. Osborne

In 2015, I said goodbye to 16-hour days and hauling boxes up and down stairs for a living (I was a mover). I became a full-time entrepreneur, and I made my money by helping business owners make money.

They had a need, and because of Virtual Tool Booths., I could fill it. Through the methods taught by my all-time favorite course and mentor, I created a 6-figure business in roughly 6 months. I could retire today (at 37) and never have to worry about money ever again.

Because of Virtual Tool Booths., I was able to quit my job, work online with flexible hours, and move to the mountains (Colorado Springs if you’re wondering)...all while helping real people improve their businesses, incomes, and lives!

For most folks, a college degree is the biggest bill of their lives. I never went to college. So I don’t have any massive bills or giant debts hanging over my head. My greatest education came from Virtual Tool Booths. (for a tiny fraction of what college costs) and it’s the bill that pays ALL the bills - a hundred times over!

I really wanted to share this secret weapon with others, so they could change their lives the way I changed mine. So if you’re not 100% sure about college, or only researching to make someone else happy, Virtual Tool Booths. might be a better option for you.

Want to know how I built this life with no formal education?

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What does a debt collector do?

Debt collectors are responsible to locate and contact customers of overdue accounts. They usually initiate contact by letter, telephone, or sometimes email. They often review credit contracts and sales and service terms with the customer in explaining their delinquent account. They also try to understand why there is a delay or stop in payments. Some debt collectors provide advice to customers on how to resolve their debts. Once a customer agrees to payment terms, debt collectors record the agreement and follow up to verify payment was made. If customers refuse to pay debt collectors prepare reports and initiate disconnection of service, repossession proceedings, and legal action. Debt collectors check with telephone companies, the post office, credit bureaus, and even former neighbors to find customers who move without leaving a forwarding address. Some debt collectors work directly for many different companies such as banks, department stores, and hospitals. Others work for third-party collection agencies.

What kind of training does a debt collector need?

Debt collectors need at least a high school diploma. Many employers prefer applicants with some college training and customer service experience. Most employers provide on the job training to new debt collectors. Some provide classroom instruction on many topics such as computer software, negotiation skills, and telephone techniques. Some debt collectors earn certification from a variety of organization such as the International Association of Professional Debt Arbitrators. Some states require debt collectors to be licensed.

What are the prospects for a career as a debt collector?

Employment of debt collectors is expected to grow much faster than average for all professions, increasing 23% from 2006 to 2016 (1). A greater emphasis on collecting unpaid debts and an increasing amount of companies lending money will drive job growth.

Job prospects should be favorable especially for debt collectors with extensive experience. There will be many job openings from the need to replace debt collectors that retire, transfer, or leave the field for other reasons.

How much do debt collectors make?

As of November 2009, debt collectors with less than 1 year experience earn average hourly rates between $9.96 and $12.21. Those with 1 to 4 years experience earn average hourly rates between $10.64 and $14.12 (2).

A career as a debt collector is an excellent choice for people with an interest in resolving outstanding debt for a variety of companies and organizations. Debt collectors must have excellent oral communication and interpersonal skills because they deal with a variety of customers on a daily basis. Good judgment, patience, motivation, and assertiveness are essential characteristics. Debt collectors must be able to handle stressful financial situations and be able to make quick decisions.

Joshua T Osborne

Founder/CEO – Mr. & Mrs. Leads

$84K Per Month providing Toll Booth Leads to small business owners all over the United States. is for anyone who is looking to get out of the daily corporate grind and provide a better lifestyle for themselves and their families while bringing massive value to small business owners. 

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