Browse Categories

Debt Collector Salary

Earnings for Debt Collectors in the United States come in at around $13.02 per hour on average. Geography is the biggest factor affecting pay for this group, followed by career length. Although a majority have medical coverage and the greater part have dental coverage, approximately one in four claim no health benefits at all. Most people in this profession are content with their work, and moderate levels of job satisfaction are reported. Respondents to the PayScale salary survey provided the data for this report.
$22,555 - $48,751
(Median)
$23K
$33K
$49K
MEDIAN: $32,935
10%
50%
90%

Add this chart to your site: 640px    300px

$9.80 - $17.84
(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
$22,555 - $48,751  
   
Bonus
$0.00 - $11,774  
Commission
$2,027 - $19,489  
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).
)
$21,071 - $45,434  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 175
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
$9.80 - $17.84  
   
Overtime
$8.07 - $28.48  
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 - $11,774  
   
Commission
$2,027 - $19,489  
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).
)
$21,071 - $45,434  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 592
United States (change)

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 often transition into upper level Collections Manager positions, where pay tends to be much higher. On average, Collections Managers earn $47K per year. Debt Collectors typically move into roles as Collections Representatives or Collections Supervisors, and those positions pay $2K more and $14K more, respectively.

Collections Clerk Job Listings

Search for more jobs:

Popular Skills for Debt Collector


Professional skills reported by Debt Collectors are few in number. Collections and Negotiation are considered valuable skills and can increase employee pay by 4 percent and 3 percent, respectively. Most people who know Collections also know Negotiation.

Pay by Experience Level for Debt Collector

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


Experience and pay tend to be weakly linked for Debt Collectors — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have less than five years' experience make $28K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $32K. For Debt Collectors, 10 to 20 years of experience on the job amounts to an average salary of $36K. Debt Collectors with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $38K.

Pay Difference by Location


San Diego offers some of the highest pay in the country for Debt Collectors, 22 percent above the national average. Debt Collectors can also look forward to large paychecks in cities like Los Angeles (+17 percent), Dallas (+11 percent), Columbus (+8 percent), and Jacksonville (+7 percent). Place of residence plays a huge part in a Debt Collector's salary, with Cleveland Debt Collectors earning salaries that are 26 percent less than the national average. A couple other locations with smaller-than-average paychecks include Cincinnati (11 percent lower) and Tulsa (10 percent lower).

Related Job Salaries

Experience Affects Debt Collector Salaries




National Average
$31,000


Skills That Affect Debt Collector Salaries

Collections
up arrow 4%

Negotiation
up arrow 3%

National Average
$31,000

Customer Service
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 145 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
7%
1-4 years
40%
5-9 years
21%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 69% dental benefits Dental: 61%
vision benefits Vision: 45% employee benefits None: 26%