Locates and notifies customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer's account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; and keeping records of collection and status of accounts.
This career is part of the Business Management and Administration cluster Business Finance and Accounting pathway.
A person in this career:
- Arranges for debt repayment or establishes repayment schedules, based on customers' financial situations.
- Locates and notifies customers of delinquent accounts by mail, telephone, or personal visits to solicit payment.
- Advises customers of necessary actions and strategies for debt repayment.
- Persuades customers to pay amounts due on credit accounts, damage claims, or nonpayable checks, or to return merchandise.
- Confers with customers by telephone or in person to determine reasons for overdue payments and to review the terms of sales, service, or credit contracts.
- Locates and monitors overdue accounts, using computers and a variety of automated systems.
- Answers customer questions regarding problems with their accounts.
- Records information about financial status of customers and status of collection efforts.
- Traces delinquent customers to new addresses by inquiring at post offices, telephone companies, credit bureaus, or through the questioning of neighbors.
- Sorts and files correspondence and performs miscellaneous clerical duties, such as answering correspondence and writing reports.
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