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Installment loan collector education requirements

Updated January 8, 2025
1 min read

What education do you need to become an installment loan collector?

What degree do you need to be an installment loan collector?

The most common degree for installment loan collectors is bachelor's degree, with 31% of installment loan collectors earning that degree. The second and third most common degree levels are associate degree degree at 31% and associate degree degree at 25%.
  • Bachelor's, 31%
  • Associate, 31%
  • High School Diploma, 25%
  • Master's, 9%
  • Other Degrees, 4%

What should I major in to become an installment loan collector?

You should major in business to become an installment loan collector. 15% of installment loan collectors major in business. Other common majors for an installment loan collector include management and english.

Best majors for installment loan collectors

RankMajorPercentages
1Business15.2%
2Management9.1%
3English9.1%
4History6.1%
5Finance6.1%

20 best online courses for installment loan collectors

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1. Financial Accounting-Debits & Credits-Accounting Transaction

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5. Accounting & Financial Statement Analysis: Complete Training

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7. Financial Statement Analysis

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8. Accounting basics, create financial statements easily

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9. How to Read Financial Statements: Build Financial Literacy.

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10. Accounting, Bookkeeping & Financial Analysis (Accounting)

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15. Principles of Financial Accounting

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16. Audit - Financial Statement

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Master the Art of Auditing Financial Statements: In-Depth Analysis, Techniques, and Real-World Case Studies...

17. Become a Notary Loan Signing Agent

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Learn 27 NSA terms, learn 35 documents typically used in a loan signing, common types of signing packages, and more!...

18. Bookkeeping Basics Explained (Bookkeeping & Accounting)

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19. Financial Statements Analysis for absolute beginners

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Understand Financial Statements and Analyze Financial Statements for Business and Financial Analysis...

20. Accounting Made Easy: A Quick Guide to Financial Accounting

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Accounting is not about Math, it is about concepts. And no one said it has to be hard. Learn the basics in just 2 hours!...

Average installment loan collector salary by education level

According to our data, installment loan collectors with a Bachelor's degree earn the highest average salary, at $39,172 annually. Installment loan collectors with a Associate degree earn an average annual salary of $36,605.
Installment loan collector education levelInstallment loan collector salary
High School Diploma or Less$36,588
Bachelor's Degree$39,172
Some College/ Associate Degree$36,605

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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