In the UK, the demand for debt collection professionals is on the rise due to the increasing number of individuals and businesses facing financial difficulties. According to the Office for National Statistics, the total household debt in the UK reached £1.7 trillion in 2020, highlighting the need for skilled professionals in debt collection.
A Professional Certificate in The Psychology of Debt Collection is essential for individuals working in this field to understand the psychological aspects of debtors and improve their collection strategies. This certificate equips professionals with the knowledge and skills to effectively communicate with debtors, negotiate payment plans, and handle difficult situations.
The following statistics further emphasize the importance of this certificate in the debt collection industry:
Statistic |
Value |
Total debt collection agencies in the UK |
over 400 |
Average debt collected per agency annually |
£2.5 million |
Projected growth in debt collection jobs by 2025 |
12% |
By obtaining a Professional Certificate in The Psychology of Debt Collection, professionals can enhance their career prospects and contribute effectively to the debt collection industry in the UK.