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Best debt collector certifications

Debt collector certifications allow job seekers to demonstrate their competency as an debt collector to employers. However, not all debt collector certifications provide the same value for job seekers.

The best certifications for a debt collector are Certified Medical Office Manager (CMOM), Certified Management Accountant (CMA), and International Accredited Business Accountant (IABA).

Below is a list of the best debt collector certifications. Obtaining an debt collector certification will give you a leg up when you apply for jobs and increase your potential salary.

5 best debt collector certifications

1. Certified Medical Office Manager (CMOM)

Experienced medical office professionals with exceptional administrative skills are eligible to sit for the Certified Medical Office Manager (CMOM) exam. To attain CMOM certification, all candidates must demonstrate a high level of knowledge in financial management, managed care contracting, personnel, and time management. Risk management, medical record keeping and facility management issues should also be mastered.

Certification details
  • More than two years of education or training after high school required? No
  • More than two years of work experience required? No
  • Oral or written exam required? Yes
  • Renewal required? 
Certifying organization
Practice Management Institute

2. Certified Management Accountant (CMA)

The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.

Certification details
  • More than two years of education or training after high school required? Yes
  • More than two years of work experience required? Yes
  • Oral or written exam required? Yes
  • Renewal required? Every 1 year(s)

3. International Accredited Business Accountant (IABA)

ACAT seeks to ensure that all accredited individuals possess both the theoretical knowledge and the practical knowledge necessary to be successful practitioners. For that reason, candidates for accreditation must satisfy an experience requirement before becoming fully credentialed: three years of related work experience, up to two of which may be satisfied through college credit. Related work experience includes verifiable experience in accounting, financial services, or other field requiring a practical and theoretical knowledge of the subject matter covered on the ACAT Comprehensive Examination for the International Accredited Business Accountant. Those who pass the exam but who have not met the experience requirement may market themselves as having passed the ACAT Comprehensive Examination for International Accredited Business Accountant, but are not entitled to use the IABA designation.

Certification details
  • More than two years of education or training after high school required? No
  • More than two years of work experience required? Yes
  • Oral or written exam required? Yes
  • Renewal required? No

4. Nationally Certified Medical Office Assistant (NCMOA)

Medical Office Assistants typically perform administrative duties for health care providers in office settings, although some may also perform basic clinical tasks (as allowed by state laws). Their responsibilities will vary by employer, but may include answering telephones, greeting patients, updating and filing medical records, completing insurance forms, handling correspondence, scheduling appointments, and handling billing or bookkeeping.

Certification details
  • More than two years of education or training after high school required? No
  • More than two years of work experience required? No
  • Oral or written exam required? Yes
  • Renewal required? Every 1 year(s)

5. Certified Professional Collector

Certification provides comprehensive instruction and proficiency testing on the key elements and skills necessary to perform specimen collections in a manner that ensures the security of the specimen and the privacy of the donor.

Certification details
  • More than two years of education or training after high school required? No
  • More than two years of work experience required? No
  • Oral or written exam required? Yes
  • Renewal required? No
Certifying organization
Drug & Alcohol Testing...

What is the best certification for a debt collector?

The best debt collector certification is Certified Medical Office Manager (CMOM). The Certified Medical Office Manager (CMOM) is awarded by the Practice Management Institute. The advanced certification is for more experienced employees as it often requires some work experience to acquire.

Here's a bit more background on how to obtain this debt collector certification:

  • To become a certified Certified Medical Office Manager (CMOM), you need to pass the exam.
  • Lucky you - certification doesn't require more than two years of work experience.
  • Renew certification every year.

What certifications can impact a debt collector career and salary?

The Certified Medical Office Manager certification will help you to secure a collections specialist position, which will increase your pay and career trajectory. A collections specialist's average salary is $32,941 whereas debt collectors make an average salary of $33,865.

Best certifications

The most common combination of debt collector certifications include: Certified Medical Office Manager (CMOM), Certified Management Accountant (CMA), and International Accredited Business Accountant (IABA).

Online courses for debt collectors to earn certifications

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