Skip to content

Licensing

The Collector Hero

← All Articles

Remember your childhood hero that you always looked up to? Maybe it was Superman, an athlete or even a rock star.

The debt collection industry can be a tough one, but just like your childhood hero, this industry has heroes. In most offices, you'll find a Collector Hero.

The Collector Hero is someone that you can point to that inspires others to become better at their job. They are a positive influence in the office, and always working hard. They always exceed their goals, are self-motivated and work well with the entire team. This is the person in your office that arrives early and stays late.

They inspire others to become better at their job.

There are two important things that you need to do with the Collector Hero in your office:

  1. Study their work habits – What are they doing to set themselves up for such success? What can others learn from them? There might even be something that you can learn from them.
  2. Coach others – Share these tips and techniques you observe with other employees in your office. Allow the Collector Hero to coach their co-workers as well. Training others in your office has the potential to turn more employees into Collector Heros.

Ideally, your office has multiple Collector Heros. Have you identified who they are in your office?

Found This Useful? Let's Get You Set Up.

Start an application and an expert will tailor the next steps to your situation.

Related reading

When Home Equity Investments Become Mortgage Loans: What State Licensing Changes Mean for Providers

Licensing

When Home Equity Investments Become Mortgage Loans: What State Licensing Changes Mean for Providers

As more states bring home equity investment agreements under mortgage lending laws, providers face new licensing requirements and regulatory challenges. Recent developments in Massachusetts, Maine, Illinois, and Connecticut highlight what lenders, fintechs, and investors need to consider when offering these products or expanding into new markets.

Planning to Expand in 2027? Start With a Licensing Roadmap

Licensing

Planning to Expand in 2027? Start With a Licensing Roadmap

Planning to expand into new states or launch new financial services in 2027? Learn how to build a licensing roadmap, navigate state-specific requirements, and prepare for a smoother, more efficient expansion.

Licensing

7 Business Changes That Could Affect Your Licenses

State licensing agencies rely on current information about the businesses they regulate. This can include ownership, management, physical locations, trade names, and individuals responsible for licensed activities. When that information changes, licensees may be required to notify regulators within a specific timeframe. Some changes must be approved before they take effect.

The Difference Between Claims Made and Occurrence Policies

Insurance

The Difference Between Claims Made and Occurrence Policies

Understanding the wording that is used in your insurance policy can make a big difference for your business. Whether or not your policy covers you depends on this wording and the period of time that your policy covers. An insurance policy can be written on two bases: Claims Made Claims Occurring Claims Made policies provide [...]

The Evolving Landscape of Debt Buying Licensing

Licensing

The Evolving Landscape of Debt Buying Licensing

The Debt Buyer's Guide to Navigating the Licensing Labyrinth It has been said, "there is no cookie cutter definition of a debt buyer." The concept of a debt buyer is a complex one, with an ever-widening spectrum of potential licenses and regulations that apply to this role. Over the recent years, the definition of a [...]

The Facts: Licensing Your Branch

Licensing

The Facts: Licensing Your Branch

Cornerstone Support receives frequent requests from agencies in need of assistance related to their state collection licenses. While requests come from agencies with an array of licensing concerns, one we often assist with is branch licensing compliance. Whether neglected or simply misunderstood, licensing branch locations continues to be an area in need of improvement. Although incorrect, [...]

Browse the full insights library, meet our editorial team, or download our whitepapers.

Insights

Found This Useful? Let's Get You Set Up.

An expert will respond within one business day.