Top 10 Debt Collector Skills for Resume

Updated September 19, 2022
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Your skills are your net worth. They tell the hiring manager everything that he or she needs to know about you.

Does it make sense to put them into a resume? For sure!

Your resume is considered incomplete if it does not hold much information on the “hows” of what you did in a previous role, especially how you can do wonders in a new workplace.

Everything an employer needs to know about you is placed in the skills section of a resume. Linking your skills to other areas of the resume will result in success in acquiring interviews!

How can you make sure that the listed skills are impressive?

There are many ways of writing skills on a debt collector resume, but not all of them work.

What does work is when you articulate your skills in a manner that makes sense to the person reading them.

If you feel that you have written a profound skills statement but it does not gel well with a hiring manager, your skills statement is hardly profound.

Think deeply about what the hiring manager wants in terms of abilities and competencies and then list your skills accordingly. If you have a skill or a skill set that you are proud of but does not match the prospective employer’s requirements, leave them out completely!

For a debt collector position, the following list of skills can be used:

1. Researching Overdue Account Balances

Research overdue account balances and strategize appropriate follow-up plans.

2. Coordination

Coordinate collection activities for delinquent accounts by preparing information for external collection agencies or attorneys.

3. Establishing Contacts

Establish contact with debtors for the purpose of collecting delinquent funds, while keeping strict adherence to regulatory authorities and guidelines.

4. Adhering to Policies

Ensure that all legal and company policies are taken into account while collecting delinquent funds.

5. Using Skip Trace Tools

Use skip trace tools to locate debtors, and ensure that they are approached in a non-hostile manner.

6. Sending Demand Letters

Create and send demand letters to debtors and perform appropriate follow-ups.

7. Assigning Delinquent Accounts

Assign delinquent accounts to third-party collection firms, and track workouts, judgments, and payment plans.

8. Reviewing Reports

Review delinquent loan status reports, analyze debtors’ situations, and contact outstanding account holders for resolution.

9. Negotiation

Negotiate workout agreements with clients and execute settlements as appropriate to the situation.

10. Gathering and Reviewing Documents

Order and manage repossessions and gather and review documents for litigation.