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Collection industry to create thousands of jobs

May 25, 2012 Philip Burgess

Collection industry to create thousands of jobs
The debt collection industry provides notable additions to the American financial climate. From recovering and reintegrating millions of dollars into the economy to creating positions for thousands who might otherwise be unemployed, the sector often does not get enough credit for its advantages.
 Residents in many states may soon be able to see some of these assets firsthand. According to the Charlotte Observer, the Consumer Financial Services Corporation, based out of Oklahoma, is looking to develop a new call center in North Carolina. At this proposed center alone, 2,000 career positions would be open, the source reported. The Observer also indicated the company could be of help to job seekers in other states in the coming years. Executives at the agency are thinking about opening locales in Nevada, Ohio, Florida and Virginia as well. According to the debt clock tool provided by the Association of Credit and Collection Professionals, which is constantly being updated in real time, the industry has created 412,631 jobs between January 1, 2011 and May 17, 2012. The ACA estimates 300,000 jobs are created at debt collection agencies each year.