What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Debt Collector Salary

Debt Collectors in the United States take home an average $13.18 per hour. Residence is the biggest factor affecting pay for this group, followed by career length. More than half of Debt Collectors (61 percent) survey participants are women. Unfortunately, some people in this line of work are without benefits — nearly one-fourth lack coverage. On the flip side, a strong majority have medical insurance and the greater part receive dental plans. Most workers in this position report moderate levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$23,280 - $49,718
(Median)
$23K
$33K
$50K
MEDIAN: $33,030
10%
50%
90%

Add this chart to your site: 640px    300px

$9.86 - $18.03
(Median)
$9
$13
$18
MEDIAN: $13.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$17K$34K$51K
Salary
$23,280 - $49,718  
   
Bonus
$0.00 - $11,975  
Commission
$1,987 - $19,574  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$21,319 - $46,076  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 192
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$10$20$30
Hourly Rate
$9.86 - $18.03  
   
Overtime
$8.50 - $28.05  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Bonus
$0.00 - $11,975  
   
Commission
$1,987 - $19,574  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$21,319 - $46,076  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 645

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Debt Collector

A debt collector notifies the holders of accounts that are "past due" of their obligations to pay, and they help find and facilitate the best means for that person to repay the amount owed. Most of the time, individuals in this position work for a financial company dedicated to collecting on past due accounts.

Read More...

Debt Collector Tasks

  • Record information about financial status of customers and status of collection efforts.
  • Monitor overdue accounts, receive payments and post amounts paid to customer accounts.
  • Locate and notify customers of delinquent accounts by mail or telephone.
  • Arrange for debt repayment or establish repayment schedules, based on customers' financial situations.

Common Career Paths for Debt Collector


Add this chart to your site:   640px 640px    300px 300px


Debt Collectors' salaries may rise greatly for those who assume a higher-end position such as a Collections Manager. The average Collections Manager brings home $49K per year. When Debt Collectors are ready for the next step in their careers, they often become Collections Managers or Collections Supervisors. Those roles pay an additional $17K and $14K, respectively.

Collections Clerk Job Listings

Search for more jobs:

Popular Skills for Debt Collector


Survey takers who work as Debt Collectors report a focused set of job skills. Those who have experience with Collections, Negotiation, and Customer Service can expect to be compensated well for these skills. At the other end of the pay range are skills like Customer Service. Those proficient in Collections are, more often than not, also skilled in Negotiation.

Pay by Experience Level for Debt Collector

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience does not seem to be a strong driver of pay increase in this role. Salaries for the relatively untried average out to around $28K, but survey participants with five to 10 years of experience earn a significantly higher median of $33K. The average pay reported by folks with 10 to 20 years of experience is around $36K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $38K.

Pay Difference by Location


Home to some of the best pay for Debt Collectors, New York offers exceptional salaries, 35 percent above the national average. Debt Collectors can also look forward to large paychecks in cities like San Diego (+21 percent), Los Angeles (+16 percent), Dallas (+12 percent), and Phoenix (+2 percent). The lowest-paying market is Cleveland, which sits 11 percent below the national average. Buffalo and Tulsa are a couple other places where companies are known to pay below the median — salaries are 10 percent lower and 9 percent lower, respectively.

Related Job Salaries

United States (change)

Experience Affects Debt Collector Salaries




National Average
$31,000


Skills That Affect Debt Collector Salaries

Collections
up arrow 3%

Negotiation
up arrow 3%

National Average
$31,000

Customer Service
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 155 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
7%
1-4 years
39%
5-9 years
22%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 70% dental benefits Dental: 61%
vision benefits Vision: 45% employee benefits None: 26%
ADVERTISEMENT