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Consumer Loan Collection Recovery Representative Job Description

Job Descriptions December 1, 2013

A major part of the consumer loan collection recovery representative job description is the collection of debts owed. When people open accounts and owe payments, this is an individual who ensures that all money is brought back to the bank. This lowers the risk of large, continued losses and it allows consumers to close debts that they may have. The job here is to contact consumers with bad credit and settle their accounts so that the bank has its money back, and the people are no longer in debt. There is not a huge requirement to get this job so it is something that most people can start.

Numerous people are in trouble because of bad credit. They take money when they need it, but they are not able to pay it back completely. No matter the reason that they cannot or will not pay the money back, this representative needs to contact them to try to settle the accounts. Part of settling accounts is making sure that payments are made, obviously. This job covers various parts of collections to ensure that the bank is not bleeding money because of too many debts and not enough payments. The consumer loan collection recovery representative job description focuses on getting the money back into the bank fully.

Starting the account settlement is a significant part of the job. This means that the representative is going to help individuals get everything cleared up so that there is no more contacting and no more debt. Doing this means an understanding of the role, of course. You have to stay in touch with various parts, like the processes, to ensure that you know what you are doing. Without the knowledge, you will not be able to help people who are in debt as much as you are trying to, which also means less money going back to the bank.

The consumer loan collection recovery representative job description for requirements is not impossible at all. You can get this job with no college diploma and no experience. As long as you have your high school diploma or an equivalent, you should be qualified. You should keep in mind that more experience is always preferred. Usually, just a couple of years will suffice. It should not be difficult to qualify for this job and to impress the interviewer, but you should still put the effort into improving your resume.

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Showing schools in your area

5 Program(s) Found
  • Liberty University provides a worldclass education from a christ-centered worldview
  • 100% online programs at associate, bachelor’s, master’s, and doctoral levels
  • No standardized testing if student meets admission requirements
  • Accredited by the Southern Association of Colleges and Schools Commission on Colleges
  • 87% of Liberty University students receive some form of financial aid
  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Hallmark University has a modern approach to business education. Our students are "hired" on day one to a mock company and live out their education as if on the job.
  • Students also gain valuable work experience having gone through real case studies from Fortune 100 companies.
  • By utilizing compressed, objective-driven courses, you can complete your education in nearly half the time of a similar program at a traditional college or university.
  • Each of our courses are designed to include scenario-based activities. You get to practice what you learn so you're ready for the challenges you will face when you graduate.
  • Our graduates enter the workforce with experience employers desire in addition to a credible degree.
  • Don't settle for learning in large lecture halls. Get the attention needed to succeed.
  • Online Courses

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