Bill and Account Collectors

About the Role

Bill and Account Collectors are responsible for pursuing payments on debts owed to businesses and individuals.

Other Common Titles

  • Debt Collector
  • Accounts Receivable Specialist
  • Collections Agent
  • Collection Specialist
  • Loan Collector

Typical Tasks

  • Contact debtors to collect payments on overdue accounts via phone, email, or letter.
  • Negotiate payment arrangements and plans that are acceptable to both the debtor and the creditor.
  • Maintain accurate records of interactions with debtors and payments received.
  • Provide debtors with statements of account to clarify outstanding balances.
  • Investigate and resolve discrepancies in accounts and payment histories.
  • Report delinquent accounts to credit bureaus.
  • Assist in legal proceedings if necessary, including filing claims or testifying in court.
  • Stay updated on relevant laws and regulations related to debt collection.

Notable People

  • Lawrence Wright An expert in collection agency practices, Wright has written extensively on the ethical and legal aspects of debt collection.
  • Brett Frischmann A legal scholar who has analyzed the economics of debt collection and its implications for consumer rights.

Recommended Resources

  • The Fair Debt Collection Practices Act: A Legal Guide

    A comprehensive guide to the federal regulations that govern debt collection practices in the United States.

  • Credit Repair and Debt Collection Podcasts

    A series of episodes focusing on credit repair and effective methods for debt collection.

  • Debt Collection 101: The Basics and Beyond

    An online course providing foundational knowledge and skills for aspiring debt collectors.

  • American Collectors Association (ACA)

    A professional organization offering resources, certification, and training for debt collectors.