CAREER OPPORTUNITIES

The debt collecting industry is projected to grow by 19 percent over the next decade, which is faster than the average growth projected for most occupations. The largest growth for the industry is predicted to occur in the health care industry. Due to the increasing prices in the health care industry, it is expected that there will be many collection opportunities. Even though some companies may choose to outsource their collection efforts to offshore call centres, domestic workers have greater success in negotiating payment with clients, thus many creditors will continue to hire collectors and supervisors locally.

Debt collection jobs continue to rise in popularity and in fact, the Bureau of Labor Statistics reports the industry will grow by 19 percent within the decade. The job can get difficult, as it can be challenging to contact people, discuss their debt and come up with viable debt repayment plans. Whether you aim to study as a debt collector or work in the field of debt collection already, there are helpful tips to keep in mind which can guide you to becoming most effective and successful at your job.

More than 411,000 workers were employed as collectors in May 2008, according to the U.S. Bureau of Labor Statistics (BLS), which projected that number to grow from 2008 to 2018. According to the BLS, jobs for collections agents will likely increase 19 percent from 2008 to 2018--or about as fast the growth rate for all other occupations during the same span.