Commercial Debt Collector Jobs
Commercial debt collectors handle B2B, or business-to-business, accounts. You will find many commercial debt collection positions will require two or more years of experience in the field of debt collection, and may require a college level education.
Some companies combine the department that extends credit with the department that collects on past due accounts. In this situation, it is beneficial to learn what distinguishes good credit from bad credit and what constitutes a financial risk for the business. It is common for commercial collectors to have an earnings potential greater than a consumer collector. Commercial collectors may have commission structures as well. Because the Fair Debt Collections Practices Act and Fair Credit Reporting Act protect individual consumers, these laws do not govern commercial collections. However, there are various contract and business laws that are applicable. Some businesses will choose to implement the FDCPA, or parts of it, into their collection policies.