The 21st Century woman is surprising people every day with her passion and determination for doing things. So much is the strength of women increasing, that they are now competing against men in different fields and performing really well.
Though many women are free-spirited and have a lot of courage to pick up fields that were dominated by men in the past, there are still some women who have to give some professions a second thought before stepping into them. One such field is debt collection.
Dent collection may seem like a simple office job, but there is much more to it than just sitting in the office and collecting debts. In order to understand what the job is let’s first define a debt collection agency.
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What Is A Debt Collection Agency?
A debt collection agency is responsible for collecting debts from debtors. They are usually given the task of debt collection by third parties who are unable to collect their debts. The process is quite detailed and time taking. It requires constant communication and tracking of the debtor.
Credit card collection is usually among the most common cases of debt collection, but it can also extend to mortgage debts. Different debt collections have different requirements. Some may require a person to visit the debtor’s home or office to convince them to pay their debts.
Some debt collection agencies also conduct international debt collection for their clients. These agencies have people working for them in different companies who understand the laws and regulations of that area. They get in touch with the local lawyers and while following the rules, they help collect debts for their companies.
What Are The Challenges Faced By Women In Debt Collection?
Women, no matter how strong they are, have to go through different challenges in their everyday lives, let alone professional challenges. So, if you are a woman and want to pursue a career in debt collection, or are just thinking of experimenting with debt collection, then here are some of the things that you need to know.
The Job Exposes You To Different Kinds of People
A debt collector’s job is to call the debtors and inform them about their pending debts. The next task they need to do is convince people to pay their debts either in installments or lump sum. It is not an easy job to make people take money out of their pockets.
The majority of the women in the field have reported that they were not taken seriously when they first called their clients. Some people also abused them while others made fun of them. Different people react differently to the debt collector’s calls.
So if you are ready to be exposed to different kinds of people and communicate with them then this field shouldn’t be a problem for you.
Comes With Some Emotional Baggage
Some debtors try to play the emotional game with Emotional Blackmailing so it requires you to be emotionally strong while dealing with a debtor. Women are considered as soft targets when it comes to emotional games this is why, if you can manage handling emotional situations then this job will not be tough for you.
Harsh Comments
When it comes to paying debts, people don’t always respond kindly to the person asking to return them. Not all women are used to being scolded or spoken to in a bad way. If you want to opt for a debt collection job, then you need to prepare yourself for all kinds of responses.
Some people also abuse on-call or may tell you that your work is that of demons. These are all just tactics to discourage you from calling them. Women often have great comebacks for such comments.
Field Work Required
Debt collection can prove to be quite interesting or stressful depending on whether you like fieldwork or not. Women can prove to be quite active during fieldwork. It also gives them the space to interact with people out of their work circle. They are often not taken seriously when they inform people about their debts, but a small talk about legal documentation can make people take them very seriously.
What Makes It An Easy Take For Women?
Although it may seem like a difficult task for women, it isn’t so. There are many things in debt collection that work towards the advantage of girls. One of these things is the girl factor. Since the job requires interacting with a lot of men that are owners of big companies.
In such cases, psychology says that women are more likely to convince men into doing something which they’ll rather not do if asked by men. So this gives women an instant plus factor in the field.
Queen Of Investigation
Debt collection requires a lot of information about the client. For example, you may have to call the client’s neighbor to investigate whether the client still lives in that house. Since women are good at catching lies, they can perform really well in the field. They can use their investigative skills to capture a client and later convince him or her into paying their debts.
Need To Be Familiar With The Law
It is very important for a debt collector to be familiar with the international debt collection laws. This prevents you from being played with. It also keeps you safe from any lawsuits from the client’s side. But if you’re working with a debt collection agency, they are most likely to train you before making you work.
A Job For Social People
Women are mostly social beings and mostly love talking. Well, a debt collector needs to have good communication skills because they need to interact with different people on a daily basis. Although it is a male dominant field, it allows a lot of space for females.
This is also a great opportunity to interact with different CEOs of companies and businesses. This can spring up new opportunities for you that you may not have expected. If you are able to close a case, you can get good commissions from it. So it’s a job which can pay well if you’re good at it.
