Avg. Base Hourly Rate (USD)
The average hourly pay for a Collections Specialist is $18.26
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 $15.98 based on 16 salaries. An early career Collections Specialist with 1-4 years of experience earns an average total compensation of $16.85 based on 142 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
FAQs About Collections Specialists
What is the highest pay for Collections Specialists?
Our data indicates that the highest pay for a Collections Specialist is $23.73 / hour
What is the lowest pay for Collections Specialists?
Our data indicates that the lowest pay for a Collections Specialist is $13.69 / 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.