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Debt Recovery

Debt recovery is an instrumental solution in helping to collect outstanding debts from debtors. Many businesses and individuals face problems in collecting debt from customers. Some customers are non-responsive when it comes to paying the pending payments or are completely unwilling to pay. The field of debt recovery in South Africa is huge as there are many such cases reported each year. Thus, there is a huge demand for registered debt recovery agents, field workers, newly admitted attorneys and other associated debt recovery jobs in South Africa.

Types of Debt Recovery Jobs

As the field of debt recovery gets wider, the number of opportunities keeps increasing. The demand for debt recovery agents have increased drastically in the last few years as many new debt collection agencies have surfaced. There are numerous positions such as an attorney that specialises in debt collection, debt collector, field worker, a debt collection call centre executive, collections secretary and so on, the list is long and wide. Jobs in the field of debt recovery in South Africa provide salary in the range of R35000 ZAR to R140 000 ZAR annually.

Eligibility Criteria for Debt Recovery Jobs

To be a collections secretary, most of the debt recovery firms require Grade 12 and other related debt collection certificates. Debt collectors must be registered with Council for Debt Collectors. Generally, most of the debt recovery firms look for debt collector candidates who have their own reliable car that they can use for swift conveyance. Experience is not necessarily needed, but is preferred by most of the employers.

Types of Debt Recovery

Debt recovery cases can be of both personal and professional nature. However, commercial and consumer debt collection makes up for 95 per cent of the debt recovery cases. These categories of debt recovery are normally default loan collection, financial loan collection, utilities outstanding bill collection, government collection, personal loan collection, retail and service collections and so on.

So, if you are looking to make a career in the field of debt recovery in South Africa, looking for the job listings online can be immensely helpful as there are many jobs waiting to be had.