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Debt collectors always have a job. There will always be a market for debt collection.

When the economy is good, people run up their credit up and there are always those who refuse to pay old doctor bills or credit card bills. There will always be those who write bad checks or even accidentally go over a balance and bounce a few checks…

But, when the economy slows down, people begin to default on loans and credit cards. With this particular slow down, (I am careful with the word recession) people are also defaulting on their houses.

Debt collection agencies are always looking for new people. They pay minimum wage plus commissions. Turnover can be high in a debt collection agency, after all who wants to be yelled at all day while they’re at work? Not only that, but it’s nearly impossible for most people not to bring that frustration home.

Now, while the economy is slow and default is high, more debt collectors are needed. This makes work for those who are losing their jobs…the lowest paying jobs anyway.

Jeremy

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