Bureau of Labor Statistics

Bill and Account Collectors

bill and account collectors image
Bill and account collectors try to recover payment on overdue bills.
Quick Facts: Bill and Account Collectors
2020 Median Pay $38,100 per year
$18.32 per hour
Typical Entry-Level Education High school diploma or equivalent
Work Experience in a Related Occupation None
On-the-job Training Moderate-term on-the-job training
Number of Jobs, 2020 223,100
Job Outlook, 2020-30 -9% (Decline)
Employment Change, 2020-30 -20,500

Summary

What Bill and Account Collectors Do

Bill and account collectors try to recover payment on overdue bills.

Work Environment

Many bill and account collectors work in a call center for a third-party collection agency rather than the original creditor. Most work full time, and some have flexible schedules.

How to Become a Bill and Account Collector

Collectors usually must have a high school diploma. A few months of on-the-job training is common.

Pay

The median annual wage for bill and account collectors was $38,100 in May 2020.

Job Outlook

Employment of bill and account collectors is projected to decline 9 percent from 2020 to 2030.

Despite declining employment, about 20,800 openings for bill and account collectors are projected each year, on average, over the decade. All of those openings are expected to result from the need to replace workers who transfer to other occupations or exit the labor force, such as to retire.

State & Area Data

Explore resources for employment and wages by state and area for bill and account collectors.

Similar Occupations

Compare the job duties, education, job growth, and pay of bill and account collectors with similar occupations.

More Information, Including Links to O*NET

Learn more about bill and account collectors by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.

What Bill and Account Collectors Do

Bill and account collectors
Collectors look up a person’s information on a computer while speaking to them over the phone.

Bill and account collectors try to recover payment on overdue bills. They negotiate repayment plans with debtors and help them find solutions to make paying their overdue bills easier.

Duties

Bill and account collectors typically do the following:

  • Find consumers and businesses who have overdue bills
  • Track down consumers who have an out-of-date address by using the Internet, post office, credit bureaus, or neighbors—a process called “skip tracing”
  • Inform debtors that they have an overdue bill and try to negotiate a payment
  • Explain the terms of sale or contract with the debtor, when necessary
  • Learn the reasons for the overdue bills, which can help with the negotiations
  • Offer credit advice or refer a consumer to a debt counselor, when appropriate

Bill and account collectors generally contact debtors by phone, although sometimes they do so by mail. They use computer systems to update contact information and record past collection attempts with a particular debtor. Keeping these records can help collectors with future negotiations.

The main job of bill and account collectors is finding a solution that is acceptable to the debtor and maximizes payment to the creditor. Listening to the debtor and paying attention to his or her concerns can help the collector negotiate a solution.

After the collector and debtor agree on a repayment plan, the collector regularly checks to ensure that the debtor pays on time. If the debtor does not pay, the collector submits a statement to the creditor, who can take legal action. In extreme cases, this legal action may include taking back goods or disconnecting service.

Collectors must follow federal and state laws that govern debt collection. These laws require that collectors make sure they are talking with the debtor before announcing that the purpose of the call is to collect a debt. A collector also must give a statement, called “mini-Miranda,” which informs the account holder that they are speaking with a bill or debt collector.

Collectors usually have goals they are expected to meet. Typically, these include calls per hour and success rates.

Work Environment

Bill and account collectors
Most bill and account collectors work in call centers for third-party collection agencies.

Bill and account collectors held about 223,100 jobs in 2020. The largest employers of bill and account collectors were as follows:

Business support services 30%
Credit intermediation and related activities 22
Healthcare and social assistance 9
Professional, scientific, and technical services 7
Management of companies and enterprises 6

Many collectors work in a call center for a third-party collection agency rather than the original creditor. In all industries, they spend most of their time on the phone tracking down or negotiating with debtors. They also use computers and databases to update information and record the results of their calls.

Collectors’ work can be stressful because some people become angry and confrontational when pressed about their debts. Collectors often face resistance while trying to do their job duties. Successful collectors must face regular rejection and still be ready to make the next call in a polite and positive voice. Fortunately, some consumers appreciate help in resolving their outstanding debts and can be quite grateful.

Work Schedules

Most bill and account collectors work full time. Some collectors work flexible schedules, often calling people on weekends or during the evenings as they learn the best times to call.

How to Become a Bill and Account Collector

Bill and account collectors
Collectors are trained on the job.

Collectors usually must have a high school diploma. A few months of on-the-job training is common.

Education

Most bill and account collectors are required to have a high school diploma, although some employers prefer applicants who have taken some college courses. Communications, accounting, and basic computer courses are examples of classes that are helpful for entering this occupation.

Training

Collectors usually receive on-the-job training after being hired. Training includes learning how to use computer software, and instruction on federal debt-collection laws (in the Fair Debt Collection Practices Act) and state debt-collection regulations. Collectors also may be trained in negotiation techniques.

Important Qualities

Listening skills. Collectors must pay attention to what debtors say when trying to negotiate a repayment plan. Learning the particular situation of the debtors and how they fell into debt can help collectors suggest solutions.

Negotiating skills. The main aspects of a collector’s job are reconciling the differences between two parties (the debtor and the creditor) and offering a solution that is acceptable to both parties.

Speaking skills. Collectors must be able to speak to debtors to explain their options and ensure that they fully understand what is being said.

Pay

Bill and Account Collectors

Median annual wages, May 2020

Total, all occupations

$41,950

Financial clerks

$39,550

Bill and account collectors

$38,100

 

The median annual wage for bill and account collectors was $38,100 in May 2020. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $26,960, and the highest 10 percent earned more than $58,940.

In May 2020, the median annual wages for bill and account collectors in the top industries in which they worked were as follows:

Management of companies and enterprises $41,630
Healthcare and social assistance 38,660
Credit intermediation and related activities 38,590
Professional, scientific, and technical services 38,340
Business support services 34,920

Most bill and account collectors work full time. Some collectors work flexible schedules, often calling people on weekends or during the evenings as they learn the best times to call.

Job Outlook

Bill and Account Collectors

Percent change in employment, projected 2020-30

Total, all occupations

8%

Financial clerks

-5%

Bill and account collectors

-9%

 

Employment of bill and account collectors is projected to decline 9 percent from 2020 to 2030.

Despite declining employment, about 20,800 openings for bill and account collectors are projected each year, on average, over the decade. All of those openings are expected to result from the need to replace workers who transfer to other occupations or exit the labor force, such as to retire.

Employment

New software and automated calling systems should increase productivity and allow collectors to handle more accounts. This will allow more collections work to be done with fewer employees.

Some collection jobs will likely be sent to other countries where wages are lower, as a way for firms to cut costs. Although this will create some drag on employment of collectors, creditors should continue to hire some collectors in the United States.

Employment projections data for bill and account collectors, 2020-30

SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program

Occupational Title

Bill and account collectors

SOC Code43-3011
Employment, 2020223,100
Projected Employment, 2030202,600
Percent Change, 2020-30-9
Numeric Change, 2020-30-20,500
Employment by IndustryGet data

State & Area Data

Occupational Employment and Wage Statistics (OEWS)

The Occupational Employment and Wage Statistics (OEWS) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. The link(s) below go to OES data maps for employment and wages by state and area.

Projections Central

Occupational employment projections are developed for all states by Labor Market Information (LMI) or individual state Employment Projections offices. All state projections data are available at www.projectionscentral.com. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. In addition, states may produce projections for areas; there are links to each state’s websites where these data may be retrieved.

CareerOneStop

CareerOneStop includes hundreds of occupational profiles with data available by state and metro area. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. There is also a salary info tool to search for wages by zip code.

Similar Occupations

This table shows a list of occupations with job duties that are similar to those of bill and account collectors.

Occupation Job Duties ENTRY-LEVEL EDUCATION 2020 MEDIAN PAY
Bookkeeping, accounting, and auditing clerks Bookkeeping, Accounting, and Auditing Clerks

Bookkeeping, accounting, and auditing clerks produce financial records for organizations and check financial records for accuracy.

Some college, no degree $42,410
Customer service representatives Customer Service Representatives

Customer service representatives interact with customers to handle complaints, process orders, and answer questions.

High school diploma or equivalent $35,830
Financial clerks Financial Clerks

Financial clerks do administrative work, help customers, and carry out transactions that involve money.

High school diploma or equivalent $41,520
Information clerks Information Clerks

Information clerks perform routine clerical duties, maintain records, collect data, and provide information to customers.

See How to Become One $36,920
Loan officers Loan Officers

Loan officers evaluate, authorize, or recommend approval of loan applications.

Bachelor's degree $63,960
Private detectives and investigators Private Detectives and Investigators

Private detectives and investigators search for information about legal, financial, and personal matters.

High school diploma or equivalent $53,320

Contacts for More Info

Last Modified Date: Wednesday, September 8, 2021

Suggested citation:

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Bill and Account Collectors,
at https://www.bls.gov/ooh/office-and-administrative-support/bill-and-account-collectors.htm (visited October 15, 2021).

Telephone: 1-202-691-5700 www.bls.gov/ooh Contact OOH

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