Industry Roles
Entering the industry as a Collector
Many enter the collections area from a previous career in financial credit management, however, there is no one ideal background to guarantee success as a collector. You might come from a career in accounting, administration, finance, engineering, human resources or sales.
The work of a collector involves making demands for the payment of overdue debts. Demands can be made in writing (letters, emails or sms messages) or verbally by telephone or personal attendance upon the debtor.
Collectors are required to enter into dialogue with individual and corporate debtors in order to achieve resolution of the delinquent account either by full or part recovery or by establishing the debtor does not have either the means to pay the account or the obligation to pay the account.
Principally collectors work in modern offices with sophisticated collection software. Some larger offices use predictive telephone dialling software so that the software dials the next debtor in a queue of accounts to be actioned ready for the next available collector to speak to.
Recovery of debts can ultimately require litigation and so some collectors are involved in assisting and/or instructing solicitors in the preparation of summonses or statements of claim for filing at court and then service by a process server.
Collectors are required to strictly comply with various legislation, including the particular state or territory's civil proceedings legislation, the National Credit Code, the ASIC/ACCC Debt Collection Guideline which reflects obligations under the Australian Consumer Law introduced in 2011, the National Consumer Credit Protection Act 2009, and privacy laws and principles.
Typically, a competent and successful collector will possess:
- Maturity, honesty, integrity and a fine sense of ethics;
- Good people skills;
- A patient and pleasant disposition;
- Strong communication skills;
- Good keyboarding skills;
- An ability to focus on desired outcomes; and
- A consistent work methodology.
A common question is whether a collector requires an Australian Credit Licence issued pursuant to the National Consumer Credit Protection Act, 2009 - a permanent exemption for collectors from that licensing was issued by a regulatory change in June 2010, whereas entities engaged in debt purchasing must hold an Australian Credit Licence.
Need more information? Select your State/Territory from this list.
Entering the industry as an Investigator
Many enter the investigations area from a previous career in law enforcement, the law or insurance. However, some former law enforcement officers find the work as a private investigator working in the civil jurisdictions to be vastly different to the work of law enforcement in the criminal jurisdictions and too difficult to adjust to.
Similarly, some who enter the industry from a career in insurance claims management find the tasks of conducting investigations and preparing comprehensive investigative reports involves skills quite different to reading and instituting claim decisions from the reports of investigators.
There is no one ideal background to guarantee success as an investigator. You might come from a career in accounting, administration, finance, engineering, human resources, sales or something entirely different. Different skill sets are required for the different categories of work undertaken by private investigators.
The work of private investigators falls mainly into the following categories:
Factual investigations
Factual investigations are often conducted in respect to contractual disputes, insurance claims, litigated matters in respect to personal injuries, breaches of employment, physical damage or financial losses.
Clients, which include insurers, government departments and authorities, financiers, corporations, individuals and law firms, provide the specific instructions and scope for the assignments to be undertaken by factual investigators. Those instructions can be brief or detailed depending on the nature of the matter and the experience of the investigator. Assignments are often requested and treated on an urgent basis. Many instructions include budgetary limits for the investigator.
The work of a factual investigator involves conducting interviews and gathering evidence including records of interviews, statements, photographs, documents and other physical evidence. The principal purpose is always "to collect and report the facts only" - this allows the client to make a commercial and informed decision.
Investigators are expected to be professional and objective. They do not approach matters on the basis of only gathering evidence helpful to the client's case retained - any attempt to do so provides no value to a client seeking to reach a fair, ethical and appropriate resolution of a claim or dispute.
Typically, a competent and successful factual investigator will possess:
- Maturity, honesty, integrity and a fine sense of ethics;
- Good people skills including the ability to empathise with others;
- An inquiring mind;
- Strong written and verbal communication skills;
- Good keyboarding skills;
- An attitude of paying close attention to detail; and
- A consistent work methodology.
Observation or surveillance investigations
Observation investigations are often conducted in connection with insurance claims and litigated matters in respect to personal injuries and financial losses. The work may arise from family law disputes; employment issues; neighbour disputes; and disputes over intellectual rights or restraint of trade issues to name just a few of the reasons why clients seek evidence by observation techniques.
Clients, which include insurers, government departments and authorities, financiers, corporations, individuals and law firms provide the specific instructions and scope for the assignments to be undertaken by observation investigators. Those instructions can be brief or detailed depending on the nature of the matter and the experience of the investigator. Assignments are often requested and treated on an urgent basis. Many instructions include budgetary limits for the investigator.
The work of an observation investigator involves covertly gathering video and/or photographic evidence as well as general intelligence about the subject of the investigation. The principal purpose is always "to collect and report the facts only" - this allows the client to make a commercial and informed decision. In insurance related matters the aim is to gather evidence which either supports or disputes the veracity of the claimant's complaints of injury, disability and restriction.
Investigators are expected to be professional and objective. They do not approach matters on the basis of only gathering evidence helpful to the client's case retained nor as an “agent provocateur” - any attempt to do so provides no value to a client seeking to reach a fair, ethical and appropriate resolution of a claim or dispute.
Typically, a competent and successful observation investigator will possess:
- Maturity, honesty, integrity and a fine sense of ethics;
- Good people skills including an ability to engage others in casual discussions without drawing close attention to his/her activities;
- An ability to blend into an environment rather than standing out in a crowd;
- An inquiring mind;
- Good communication skills;
- Keyboarding skills;
- A keen interest in video and camera technology; and
- A consistent work methodology.
Skip tracing
Skip tracing is also known as searching for missing persons. The need to trace persons who have skipped arises for a variety of reasons including in respect to collection activity, process serving, repossessions and investigation work.
In the first three areas the need to skip trace involves searching for a subject and his/her assets in respect to a debt related matter whereas in investigations the purpose is either to observe the activities of the subject or alternatively to locate a party or witness for the purpose of conducting interviews and gathering evidence.
The work of a skip tracer involves the use of computers to conduct database searches of publicly available information and communication skills in respect to telephone enquiries or face-to-face enquiries to track down the missing person. Skip tracers need to be focused and careful in their approaches so as to not tip off the subject for fear of frustrating the actual purpose of locating the individual i.e. there is little purpose in announcing to a subject he has been relocated when somebody else requires the information in order take an action such as repossession of a vehicle.
Typically, a competent and successful skip-tracer will possess:
- A good friendly manner;
- Good people skills including an ability to engage others in casual discussions without drawing close attention to his/her activities;
- An ability to problem solve so as to create ideas as to how to track an individual;
- An enquiring mind;
- Good communication skills;
- Keyboarding skills; and
- A consistent work methodology.
Need more information? Select your State/Territory from this list.
Entering the industry as a Process Server
Many enter the process serving area from a previous career in law enforcement, finance or credit management, however, there is no one ideal background to guarantee success as a process server. You might come from a variety of careers including hospitality, a trade, administration, finance, industry, retail, sales or security.
The work of a process server involves attending various addresses including residences, businesses and work places to deliver court documents including subpoenas, divorce papers, writs, statements of claim and other notices in strict accordance with the varying rules for the different court jurisdictions in each state and territory. The work at times can be difficult in that some persons seek to evade receipt of documents and so the process server must be focused in ensuring the correct person is identified and does not evade service.
Typically, a competent and successful process server will possess:
- Maturity, honesty, integrity and a fine sense of ethic;
- Good people skills including the ability to empathise with others;
- Good communication skills;
- Patience, tact and persistence; and
- A consistent work methodology.
A common question is whether a process server when undertaking field work as a collector eg conducting a field call requires an Australian Credit Licence issued pursuant to the National Consumer Credit Protection Act, 2009 - a permanent exemption for collectors from that licensing was issued by a regulatory change in June 2010, whereas those engaged in debt purchasing must hold an Australian Credit Licence.
Need more information? Select your State/Territory from this list.
Entering the industry as a Repossession Agent
Many enter the repossessions area from a previous career in law enforcement, finance or credit management, however, there is no one ideal background to guarantee success as a repossession agent. You might come from a career in administration, finance, industry, hospitality, retail, sales or security.
The work of a repossession agent involves attending at various places including residences, businesses and work places for the purpose of making demands for settlement of outstanding arrears on a debt or else to seek the surrender of security goods such as vehicles, caravans, boats, trucks etc.
Many repossessions are halted at the doorstep when the debtor provides cash, bank cheque or evidence of an EFT transaction to clear the outstanding arrears. In the event resolution of the debt cannot be achieved at the doorstep it is the repossession agent's responsibility to effect repossession in a professional manner and in accordance with instructions from the client and in keeping with the various legislation including the ASIC/ACCC Debt Collection Guideline which reflects obligations under the Australian Consumer Law introduced in 2011, the National Consumer Credit Protection Act 2009, and privacy laws and principles.
Once goods are repossessed they are towed or carted by an independent contractor to an auction room in accordance with the financier's instructions. In the event buildings or land are repossessed, the repossession agent is involved in securing the premises after the occupants have been ejected by a Bailiff or Sheriffs Officer and arranging a locksmith to re-secure the premises to prevent re-entry by the debtor/occupier.
Typically, a competent and successful repossession agent will possess:
- Maturity, honesty, integrity and a fine sense of ethics;
- Good people skills including the ability to empathise with others;
- Good communication skills;
- A firm but friendly manner;
- Patience, tact and persistence;
- An ability to negotiate; and
- A consistent work methodology.
A common question is whether a repossession agent (being a collector) requires an Australian Credit Licence issued pursuant to the National Consumer Credit Protection Act, 2009 - a permanent exemption for collectors from that licensing was issued by a regulatory change in June 2010, whereas those engaged in debt purchasing must hold an Australian Credit Licence.
Need more information? Select your State/Territory from this list.
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From Google News
- Celebrities, online sleuths and private detective join search for Broadway star after mystery disappearance - The New Daily
- ‘Last resort’ home repossessions on track for decade high in NSW as households hit financial cliff - The Guardian Australia
- Debt collection fintech InDebted banks $50 million Series C - Startup Daily
- 23 of the Wildest Ways Process Servers Tracked Someone Down - Cracked.com