Debt Collectors
Snapshot
Debt Collectors collect consumer, commercial, insurance and other forms of debt for clients, make arrangements to settle overdue accounts, formalise payment arrangements and follow up until accounts are fully paid.
| Job stats | |
|---|---|
| How many are employed in this occupation? | 11100 |
| What are the average weekly earnings for full time workers ($ before tax)? | $802 |
| How does unemployment compare with other occupations? | high |
| What is the vacancy level for this occupation? | very high |
| What are the job prospects for this occupation? | average |
Tasks
This occupation may include associated occupations with varying tasks.
- liaising with clients, credit staff, accounts receivable departments, process servers, Private Investigators, Barristers and Solicitors to find solutions to payment problems
- identifying, locating and notifying debtors of overdue accounts in writing, by telephoning and in person, and arranging for payments to be made
- tracing addresses of debtors who have moved
- arranging new repayment plans for debtors having difficulties making existing repayments
- referring debtors' disputes to creditors
- issuing instructions for the commencement of legal action and enforcement to recover money
- arranging for money and goods collected to be transferred to creditors' possession, and preparing statements of account for creditors
- recording amounts collected and noting any further action required
- complying with debt collection guidelines and relevant legislation
Job Titles
- Debt Collector