Top 25 Collections Agency Hot Spots – Texas is now debt collections mecca

The large amount of debt collectors and collection specialists that submit resumes daily and the number of employers looking for these debt collections specialists give ProCollectionJobs.com access to statistics that are not readily available to other job boards or even niche websites in the Collections Industry. These statistics are compiled regularly so management can focus on career services that meet the need of both employers and job seekers in a highly targeted margin. Recently, these career statistics for debt collections have shown a slight change in the top ten states in the industry.

New York has been the leader in the amount of collections firms and job seekers for over the last year. However, in June 2010 the data analysis shows Texas has moved to the top spot climbing to 12.57% from 10.11%. The Department of Labor reports that unemployment rate in both Texas and New York are the same at 82.% and have both dropped slightly. Texas has improved much more in the Financial arena than New York recently. That means with the flood of new debt coming onto the market that Financial companies in Texas seem to be getting more business, therefor they are hiring more employees.

These figures do not take into account large banks such as Bank Of America and a few others. However, these companies are flooding the debt market with massive amounts of debt for sale. This flood of debt in turn drives up the need for collections specialists and recently we have seen a huge need for skip tracers with some companies looking to hire as many as 500+ skip tracing and people research specialists in Texas. Clearly the mecca for debt collections is seeing a shift from New York to Texas. Is this just an anomaly in the data shown on the screen or is the trend going to take root? There is currently no way to tell for sure but all signs point to a real change in the market. Recent discussions with a few collection agency managers suggest that more efforts have been put in place to lower turnover. Lowering turnover could have part of this equation that has caused this shift but discussions with agency managers in both states lead to the conclusion that the companies in Texas are actually expanding because they are taking on new debt placements at a higher rate and not because of turnover.

Below is the list of the top 25 states hiring debt collectors or collections specialists as a percentage of debt collection companies hiring:

1) Texas - 12.57%
2) New York - 9.42%
3) California - 8.90%
4) Illinois - 5.76%
5) Minnesota - 5.24%
6) Florida - 4.97%
7) New Jersey - 4.45%
8) Massachusetts - 3.40%
9) Georgia - 3.14%
10) Delaware - 3.14%
11) Ohio - 3.14%
12) Arizona - 2.62%
13) Maryland - 2.36%
14) Virginia - 2.36%
15) Colorado - 2.09%
16) South Carolina - 1.83%
17) Washington - 1.83%
18) Wisconsin - 1.83%
19) Pennsylvania - 1.57%
20) Michigan - 1.57%
21) Nevada - 1.57%
22) North Carolina - 1.57%
23) Tennessee - 1.31%
24) Alabama - 1.05%
25) Louisiana - 1.05%
Error margin is less than 3.9% throughout the data.

Article Source: http://gamblingarticlessite.com

ProCollectionJobs.com is the leading on-line job search engine for careers in Debt Collections and Credit Industries. ProCollectionJobs.com also offers a Questions and Answers about Debt Collections and Credit. Find Collections Industry News and current happenings and RSS feeds at the site also. Vistit the ProCollectionJobs.com today!

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated