Become a Recovery Agent
If you want to become a recovery agent, you should have at least a high school diploma. However, you will have more potential as a college graduate. You will also need to have comparable background in customer service so that you can easily deal with collections.
There are many opportunities online and offline - submit your resume to potential employers now.
Late Payments Collection
Financial institutions these days are in need f recovery agents to help them with the collection process. A lot people have late payments on their mortgages, automobile loans, credit cards, etc. As a recovery agent, your job is to collect these late payments at the fastest possible time. There are no specific educational requirements but you can be at an advantage if you have background in customer service. You can apply at local collection agencies in your area or you can also get on the job training to gain in-house experience.
Most companies will be asking for your high school diploma but if you can graduate college, the better. The market is extremely competitive these days so you need to possess the right background and knowledge to get hired. Being a public person is another requirement since you will be dealing with different kinds of people. If you can get an in-house job experience as a customer service attendant, you can include this in your resume. Collection agencies want to hire employees who have backgrounds in customer service. You can use the internet to locate vacancies in customer service positions.
The Choice
It’s up to you whether you will focus on banks or in collection agencies. However, if you’re just starting out, the best bet is to apply at collection agencies to gain experience. Working with banks can be a bit complicated and you can easily get lost in the various tasks of a loss mitigator. When searching for jobs, you should be systematic and patient. Recovery agents are also called account collectors and the opportunities for this kind of career is still growing year after year.
Once you qualify, you will undergo a training program. The training will educate you in the process being followed to recover late payments. As a trainee, you should be conscientious so that you can get promoted and your efforts can be recognized. Who knows… you can become a supervisor or a loss mitigator. As long as you are hard working, you can never really tell what opportunities await you. You have a chance to earn $17,000 to $20,000 in a year depending on your job experience. This is a great job for individuals who love to mingle with other people and have a persuasive personality. Collecting late payments can be hard especially if you don’t have the charm or charisma. If you possess the skills and qualifications to become recovery agent, why don’t you apply at a bank or collection agency now?
203 Comments
- I am presently employed in a Nationalised Bank. I have experience of 28 years in credit dispension specially in rural / retail credit. I have good tract record in recovery of NPA loans. I like to open a new recovery agency for recovery of bank loan / bills etc. I have a consultancy chartered firm with experience of 30 years and own premises at kolkata & Asansol. what is the scope and assistance you can provide us to start a new recovery agencies
- I have good tract record in recovery of NPA and write of a/c loans. I like to open a new recovery agency for recovery of bank loan / bills etc. I have a consultancy chartered firm with experience of 2 years from sbi recover and own premises at pune. what is the scope and assistance you can provide us to start a new recovery agencies
- I have good record in recovery of NPA and write of a/c loans for Nationalised Bank.I like to improve the recovery agency for recovery of bank loan/bills etc.I have a recovery agency with experience of 5 years 5 and own premises at Kolkata.what is the scope and assistance you can provide us....
- G srinivas. I have good track record in recovery of NPA and write of A/C Lons. I like to open a new recovery agency of recovery of bank loans etc. I have a consultancy finance recovery of mortgage loans 5 years experience private biggest finance company in karimnagar and own premises at karimnagar. What is the scope and assistance you can provide us to start a new recovery agencies
- I have a good track record in collection of Secure /Unsecured loan recovery. We have experience with biggest finance company in Bihar & Jharkhand ,Non banking and with banking last 7th Years. Regional office based at Patna
- I am ex-banker from Andhra bank and have vast experience in Banking industry. I have experience in recovery of NPAs in State Bank of India for more than 5 years and having good relations in all banks and i want to establish recovery agency in Kakinada Andhra pradesh please give suggestions.
- I have experience of working with a leading non banking finance company for more than 15 years. My specialization in in the field of Appraisal of customer,Recoveries.
- I am presently employed in a Spandana Sphoorty Financial Ltd. I have experience of 4 years in credit dispersion specially in rural / retail credit. I have good tract record in recovery of NPA loans. I like to open a new recovery agency for recovery of bank loan / bills etc. I have a consultancy chartered firm with experience of 2 years and own premises at kolkata & Asansol. what is the scope and assistance you can provide us to start a new recovery agencies
- sir i'm a graduate and my home place is at vijayawada and i want to start a recovery agency can u please help me that it required any registration or anything else to start a recovery agency
- Location:Ahmedabad , Gujarat, India. I have big team for collection and all IIBF certified. Interested in nationalize banks..
- I am special recovery officer working from last 25 years in co-operative banks & societies as per securitisation and reconstruction of security interest act2002 and maharashtra co-op society Act1960
- Dear sir I am giriraj singh raghav am working with kotak Mahindra prime ltd as a recovery agent in ghaziabad at last 2 year and this time I opened to my new office in Ghaziabad. So I want to improved to my business . so I want to some business in recovery sector.
- location: Amreli, Gujarat. hello sir, i have many recovery agency, like i-bank, hdfc bank, fullerton india credit co.ltd, etc. now i want to work with SBI bank, with this purpose i mat one recovery office of SBI bank, he said to give me one application for that purpose, in this situation i wont one sound application, can you help me??
- I want to start property recovery agency help me to do
- 10+ years exp in collection, worked for Fullerton India credit company as a agency manager (recovery 4 years 8 months)
- I would like to start a new agency from Chittoor Dist, Andhra Pradesh. I have already experience as a collection agent in Two wheeler Finance, ICICI Bank, Bajaj Finance and Bhushan Auto Finance. If anybody is looking for our service, Please Email us. With in 24 Hrs. you can expect response. Our Email ID is kalyan1980kk@gmail.com
- I'm recently retired officer from an all-India financial Institution with more than 35 years of service last part being in asset recovery/legal department. I've wide experience in NPA recovery and successful track record. I want to be associated with some reputed NPA resolution agency engaged in Kolkata or nearing districts.
- I want to become vehicle recovery agent or want to open yard for keeping recovered vehicles
- hi! this is jennifer i am having a consulting company currently but right now i am planning to open any bank's loan recovery center please help me out with the requisite details so that i can start off the venture as soon as possible.my contact details are-(m) 9143201205 and mail id-sreemoyeegupta7@gmail.com
- I HAVE QUALIFIED DRA CERTIFICATE COURSE THROUGH IIBF MUMBAI, TWO YEARS WORKING EXPERIENCES AS RECOVERY AGENT SBI RBO SRINAGER J,K.MY CONTRACT IS OVER WITH SBI,NOW I WANT TO PERMANENT JOB WITH SBI IS IT POSSIBLE.IN SRINAGER HERE IS VERY DIFFICULT RECOVER THE MONEY FROM PEOPLE,. BUT I CAN DO WITH THE BEST MY LEVEL AND SBI RECOVERY CELL GIVE ME BEST PERFORMANCES CERTIFICATE.MY EMAIL ADDRESS IS MANZOORKASHMIRI19@REDIFFMAIL.COM.
- I am in Malapuram district I would like to start a Loan Recovery agency in Malapuram district , kindly advise how I can get the same
- i lived in muzaffarpur. i would like to start a loan recovery agency in bihar. pls, kindly advise for it's.my email-ashutoshthakur93.2011@gmail.com
- I am working as sales officer in a private bank from last 4-5 years in nagpur. I want to start a loan recovery agency
- I want to start a npa recovery business in mumbai how can i start it, can you send me all information about it like what kind of papers are required, education and other legal formalties. And how much time takes in process. Please send me all the details.
- Dear sir I am from Bihar (Lakhisari) and I had experience. in sales and marketing. I had stated the dealership business from last one year and now I want to open the recovery agency. Plz help me in this work
- i am an Engineer and industrial contractor also, and wanted to starts Recovery agency in pune PCMC kindly let me know the more details and procedure to start it and how much investment for same. Dheeraj 8983558899
- I am a recovery agent. Presently I am working with agencies. But I want to do work with direct financial institution. pl help
- I have over 15 years experience in the banking sector. i want to be an recovery agent for the banks. please help me out.
- i am situated in jayenagar, bangalore, Karnataka i have more than 15 years experience in banking . i would like to have an recovery agency. please suggest.
- sonu gola. i am a recovery agent and i have over 6 years experience in banking line.
- I Durgadas Pachori recently running collection agency named "Capital Services" and having eight years experience in recovery and finance. My some of colleagues has already faced DRA exam. I would like to have suggestions on how to improve my skills on recovery and to get my company on sky high position.
- I WANT TO BECOME A RECOVERY AGENT IN PATNA.
- I am a B.Com graduate and in travels field from past 12 years and well known of locations where generally vehicle runs and about collection process. Now i am interested to start a repo agency for any finance company. I belong to ap,so i am interested to work in guntur location. cont no:9701111132.
- i have completed mba i have 4 years in recovery experience as territory manager iN TVS CREDIT SERVICES LTD I WANT TO START NEW COLLECTION AGENCY PLS GIVE ME HOW TO APPROACH WITH COMPANY.
- I am interested for recovery agent of nationalised bank in tripura
- i am interest for recovery agent of sbi in assam tinsukia. now i am working sbi bc at tinsukia deistic.
- Hello. I am Pratap Rudra Kumar. Advocate, Guntur (A.P) having 10 years experience in conducting Investigations in General and Life Insurance Claims. I want to start bank recoveries. Kindly advise the process of approaching bank officials. Yours valuable information will help me to move for further proceedings.. My Mob.No: 8019881281, Mail Id: prataparudra@yahoo.com
- i am ex, co-op bank employe i am working in 15 years in loans recover section. I am last three years working in my brother's recovery agencies{Tat-finance}. now i am starting new recovery agencies name MOHAN RAO AGENCIES. at vijayawada-10. please help me in this work. D.V.V.S.MOHAN RAO 9642969889
- Hi, I am presently running an HR placement firm and i do have an experience in sales and marketing of 14 years in financial sector and FMCG. I am interested in starting up a recovery agency ( either in (financial sector or non financial sector )in Kolkata. It would be of great help if you could please do guide me as to where should i contact and with whom in kolkata at your earliest. Warm Regards, Amit Sikdar
- I am from andhra pradesh . I have 12 years experience in collection. Now I want to take a collection agency, so plz help me.
- I am presently working loan collection department... & I have experience 7 years in this field.... i am from godhra, panchmahal gujrat... .Now I want to take a collection agency, so plz help me. 09979062143
- i am from silchar, cachar district (assam) i want to start a recovery/collection agency and also looking for franchise in the same, please guide and help me to do the same
- i am from rourkela, sundergarh, odisha, india. i am presently working as a recovery agent in indian investigation centre since 2 years and doing all sorts of surface and recovery, i also have 9 years experience in marketing in fmcg. so please guide me how can i start my own recovery agency.
- am from nashik, india. i am presently working as a recovery agent in bajajfinservlending since 2 years and doing all sorts of surface and recovery so please guide me how can i start my own recovery agency.
- Dear @PARTHA PRATIM GHATAK, Mr. Ghatak & OTHER S. B. I officers, who have long experiences in RECOVERING N P A may contact me I M M E D I A T E L Y. K. Chakraberti klzsk@rediffmail.com 9433973397
- If you are interested to open a Recovery Agency for Commercial Banks or you want to work under any Bank empaneled Agency you may write to us with details : rudradey@hotmail.com
- If any one want job in recovery agency or want to open recovery agency or want strategic location partner in Assam / North East India please mail your resume along with profile(if any)to raghav.198605@gmail.com.
- I need a debit collection job in any fiance in assam. I have full knowledge regarding the rules and regulations of repossession of all type of Vehicles .
- I want to organize a recovery agency or two wheelers and four wheelers in kolkata and any part of kolkata. i have good experience of it, have dealt in both two and four wheeler for many years. The plus point is that i have my own premises in kolkata and the main things i have got good contacts all over the city be it legal or illegal. i have good man power with some educated boys. kindly let me know what will i have to do for that. thanks, E.khan
- I want to organize a recovery agency or two wheelers, four wheelers personal loan in mumbai(Virar) and any part of Maharashtra. i have good experience of it, have dealt in both two, four wheeler, personal loan for many years. The plus point is that i have my own premises in Maharashtra and the main things i have got good contacts all over the city be it legal or illegal. i have good man power with some educated boys. kindly let me know what will i have to do for that. thanks, Suhas Kamble.
- i want to organize a recovery agency or two wheelers, four wheelers personal loan in krishna district. i have good experience of it, have dealt in both two, four wheeler, personal loan many years.
- Recovery agent in gorakhpur( up ) want to work with good agency
- i want to work with good financial companies for recovering of vehicles and payments in goalpara, assam, 09706232092.09401968686
- looking for recovery agent job in around Bangalore. residing in jp nagar i have experience as recovery executive worked for icici bank
- I have experience as recovery executive work for icici bank delhi & ncr pls call 09473167401.
- I have 35 years experience in a leading nationalized bank as Agrl.officer/ Manager/Senior Manager with academic qualifications B.Sc(Ag), CAIIB, LLB, ML, DHRD etc having major exposure in recovery/ DRT matters. Available for consultation / liaison Work for recovery of stressed assets.contact 9791756202
- I want a recovery franchises of any banks, if there are any please call me at this number 9985455103
- Hello. I am Shantanu Agnihotri from Lucknow U.P., completed Masters in Commerce & Masters in Finance along with CA Finals. I have completed so many assignments regarding Bank Audits namely concurrent audits, revenue audits, statutory audits, kyc audits . I want to start bank recovery agency. Kindly advise the process of approaching bank officials. Is license required for NPAs recovery? Yours valuable information will help me to move for further proceedings.. My Mob.No: 07398391040, Mail Id shantanu_01@outlook.com.
- Hello. I am Parthasarathy from Chennai TN., I have os many years experience in collection I want to start bank recovery agency. Kindly advise the process of approaching bank officials. Yours valuable information will help me to move for further proceedings.. My Mob.No:8754511396, Mail Id srivekkaliammanenterprises@gmail.com.
- Sir, I am an agent of recovery of sum privet finance exp about 7 years. So if give chance for SBI in odisha circle
- Hi, Myself Shivram Bane. I live in central mumbai. I have 2 years exp.as collection executive in zee news ltd. I want job in loan recovery. So, plz reply me on below mention mail id ajaybane005@rediffmail.com. Tnx.
- 7 exp in banks loans recovery likes privet and nationalised, well knowledge in SARFASI act. Prefer location in west bengal. Having certified in iibf for recovery agent. 20 executive and 10 tellecaller with now. Office in sodepur. Kolkata.
- Dear sir I am live in kanpur uttar Pradesh. I have 8 years old experience as recovery and conditions executive in bank loan I want job in collection so pls reply me
- Hello, I am a successful entrepreneur in customer service industry. Being an engineering graduate and perusing MBA in distance mode, I have diversified exposure of different platforms. My office is at prime location in VISAKHAPATNAM and would like to start up an enforcement agency. Any one who can guide me can contact me at 9133555224
- hi i am vijay. and i have 10 years of experience in insurance. now i am planning to open a recovery agency in north karnataka. and i do have a team of 25 members. and i am planing to take all the banks recovery as well as sarface, and investigation. so kindly help me out regarding this. for further detail plz contact me on 8951993535
- Dear @Sudipta Mukherjee, I seen your comment on dated 16 jan 2014, If you start your branch in mumbai then plz contact on email Id. tnx
- I Have 10 years experience in financial & collections segment @ various locations in AP Know i am plan to take a recovery agency. i have relations with financial orghanisations. how can i get this official recovery agency certificate. pl give advices my Mob No: 9885 111 699
- Hi i am subhash; i have 5 years experience in collection secured and unsecures Products in west bengal surface. I am completed MBA in finance also. I am looking for job in collections in kolkata as well as in andhra pradesh also. please let me know if there is any vacancy i worked with hdfc and citi financial. My contact no is 9007842973 subhash raju. Subhash.raju87@gmail.com
- hi, i am interested to hire a franchise of collections hard and soft plz revert if there any opportunity contact me on 9672967255
- hi, i am interested to start to a collection recovery agency in hyderabad. to whom i have to contact. what i required
- Hi, we are doing collection for banking & financial sector we also in collection for cellular if any requirement for collection so we ready for that my cont no 9619854260
- Hi, I have 7 years experience in collection secured and unsecured products in gujatat. i am interested to start collection agency in gujatat. I completed M.com also. I am looking for job in collection in gujarat. Contact no . 9998063824 rupesh6681@gmail.com
- AVAILABLE- 30 % PARTNERSHIP FOR RETIRED STATE BANK OF INDIA OFFICERS. MUST HAVE EXPERIENCE IN NPA/DEBT RECOVERY Please join our team I M M E D I A T E L Y. HONEYWELL INC. KOLKATA- 700107 9433973397
- i am having 6 yrs experience of loan recovery of many nationlised bank and serfaesi act also. now i want to open recovery agency pl guide me what should i do.
- hi i am purely working in two wheeler loan, 4 wheeler loan, cv loan and home loan sales since last 7 years but now i want to working in recovery segment. i have indirectly exp. in collection and recovery. so plz help me to work as a recovery agent. my mob no is 861417726
- HI, GOOD MORNING SIR, MY NAME IS RAJESH, I HAVE BEEN LIVING IN GUNTUR FOR 5 YEARS. I HAVE 7 YEARS EXPERIENCED IN MYCROFINANCE COMPANY(RECOVERY),AND 2 YEARS BIKE RECOVERY AT GUNTUR AREA, SO PLEASE GIVE ME JOB AT GUNTUR AREA
- sir, my name is vikram kumar , i have been living mokama , patna so i have 4 years experienced sbi loan recovery & team management and please so help recovery action , mob no. 9631384905
- I am doing job in HDFC collection agency last 2 yes m DRA trained BT i am only 10+2 so plz find me best job or business.
- I want to start a loan collection agency in chittoor. I have DRA certificate also. plz guide me How to start.
- sir i am interested in shivalik nagar bhel haridwar this offers ph-9634315355
- sir, i am interested to a collection loan recovery agent in belgaum. to whom i have to contact. what i required
- I have run a recovery agency in Cochin Kerala, I have doing the recovery business with Uco Bank, ICICI bank, and NBFC. I have all set up in this city. My address is sanjaykumar 1st Floor VTR Building Muttathil Line Kadvanthra, Eranankulam 682020, Kerala
- sir, i am interested to a collection of loan(recovery agent) in bangalore. to whom i have to contact. what i required pls tell me my no 9945200804
- I have worked as collection executive for three years, now want to start something of own.. Planning to start with zero n one bucket ..pls guide me for the same.
- Respected sir, I am susovan bose. lived at howrah. west Bengal. I am 37 yrs old.B.com with 16 yrs in insurance experience. Starting with LIC agent (12 yrs/ZM club member) then switched to bharti axa life, now at IDBI Federal life as an agency manager. i have a team i want to take a collection or recovery agency for me as well as my team in total howrah zone. Please give me all information relating this matter. if possible refer us for betterment. 9163016062
- Hi, I am Lingaraj 37yrs old, DME with 14yrs experience in marketing and now I am the proprietor of R K Associates, in coimbatore since Apr'2010. As a collection agency, we have experience of collections in PL, HL and Credit card for banks (Both buckets, NPA accounts and Recoveries). Pls contact me @ 9943166388 if collection agency required.
- I am in Burdwan district in West Bengal I would like to start a Loan Recovery agency in Asansol Burdwan district And I have four years experience in loan recovery, I wish to start my own agency so kindly advise me how I can start the agency.
- Sir, I have completed Debt Recovery Agent 100 hrs. Training conduct by MITCON. I would like to start any Nationalies Banks Loan Recovery work, I have a 2 years experience in recovery work. so I wish to start Recovery work, so kindly advise me. Thanks !
- I have experience of 30 years and spent a quality time of more than 10 years in helping the organization where I worked in recovering their long standing dues from customers and succeeded 95%. Now I work as a consultant (working from home) and helping them to collect their money. I want to take up another assignment from any of the companies in India who wish to recover their long pending debts from customers. If interested let me know with terms and conditions.
- Hi. I have experience of 3yrs in collection and recovery, i wish to start my own recovery agency, i have worked multinational banks like citibank, hsbc, barclays and had had good knowledge of operations and processes.
- Hi this vijay I have 5 1/2 year experience in commercial vehicle sales I know the all customer in entire krishna district. I recover all pending collection you will appointed collection agent thank you
- Hi My self rajesh i want to start recovery agencies kindly help my contact no 9945764046.
- hi this is lingam from salem, i have 9 years experience in micro credit, i would like to start recovery agencies in salem area, any one can suggest pls mail to dharma.c45@gmail.com
- hi I am taran I've experience of 5 year in recovery of freight amt m in transport line anyone can suggest can mail
- hi sir, presently i am working with local finance. a manpower is available for any kind loan recovery, i'd agency recovery in nanded & hingoli district maharashtra. pls help me for agency or franchise.
- I want to open a recovery agency in kolkata. plz tell me about the legal staff to open a agency.
- Sir, I am graduate n working at a nbfc. I want to start my own business in Guwahati. So I m looking for franchisee of bank recovery agency. plz anyone can guide me.
- If you wish to start your own recovery agency, Please call my cell 9434365373 for help. I am in Durgapur West Bengal.I have experience of 10years in recovery job.
- I'm planning to start a Collection Agency in GUJARAT (BARODA). I need all the input and suggestions. Please help. Many thank 9727555579
- i want to start a collection agency in Attur (salem).Tamilnadu. how to start the collection agency and more details send me. i want collections agency pls help.contact 9942072750.
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