Avg. Base Hourly Rate (USD)
The average hourly pay for a Collections Specialist is $19.00 in 2023
What is the Pay by Experience Level for Collections Specialists?
An entry-level Collections Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $16.52 based on 72 salaries. An early career Collections Specialist with 1-4 years of experience earns an average total compensation of $17.64 based on 663 salaries. …Read more
What Do Collections Specialists Do?
Typically, a collections specialist is an individual that specializes in the collection of debt owed to their organization. They use a variety of means to contact individuals who have defaulted on debts and/or who have not paid past-due bills. Collections specialists usually work in a call center with other collections specialists, although they may telecommute from a remote location such as a home office.
Usually a collections specialist has some experience working in a lending or banking …Read more
How do Collections Specialists Rate Their Jobs?
FAQs About Collections Specialists
What is the highest pay for Collections Specialists?
Our data indicates that the highest pay for a Collections Specialist is $25.03 / hour
What is the lowest pay for Collections Specialists?
Our data indicates that the lowest pay for a Collections Specialist is $14.71 / hour
How can Collections Specialists increase their salary?
Increasing your pay as a Collections Specialist is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Collections Specialist that oversees more junior Collections Specialists, this experience can increase the likelihood to earn more.