$36,947
Avg. Salary
$13.77
Avg. Hourly Rate

Average additional compensation:

$4,000

Bonus

$900

Profit Sharing

$8,000

Commission

What am I worth?
How should I pay?

The average pay for a Debt Collector is $13.77 per hour.

The average pay for a Debt Collector is $36,947 per year.

10%
$10.55
10%
$13.77
50%
$18.19
90%
90%
MEDIAN $13.77
10%
$25k
10%
$37k
50%
$63k
90%
90%
MEDIAN $36,947
$24,816 - $63,288
$25K
$37K
$63K
MEDIAN: $36,947
10%
50%
90%

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$10.55 - $18.19
$11
$14
$18
MEDIAN: $13.77
10%
50%
90%

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$0$63K
Salary $24,816 - $63,288
Bonus $508 - $15,193
Profit Sharing $900
Commission $507 - $26,577
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).
)
$22,962 - $50,283
  • Country: United States
  • Currency: USD
  • Updated: 18 Mar 2019
  • Individuals Reporting: 196
Hourly Data $0$29
Hourly Rate $10.55 - $18.19
Overtime $15.83 - $29.04
Annual Data $0$50K
Bonus $508 - $15,193
Commission $507 - $26,577
Profit Sharing $900
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).
)
$22,962 - $50,283
  • Country: United States
  • Currency: USD
  • Updated: 18 Mar 2019
  • Individuals Reporting: 630

Job Description

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.

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Common Career Paths


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Though it's uncommon, some Debt Collectors move into roles as Collections Managers, where pay is an average $49K per year. Career advancement for the typical Debt Collector often leads to becoming a Collections Supervisor or a Collections Manager; median salaries in these positions are $14K higher and $18K higher, respectively.

Job Listings

Popular Skills


Debt Collectors seem to require a number of specific skills. Most notably, skills in Negotiation, Collections, bill collections, and Typing are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Bilingual. Most people experienced in Customer Service also know Collections.

Pay by Experience Level

Pay by Experience for a Debt Collector has a positive trend. An entry-level Debt Collector with less than 5 years of experience can expect to earn an average total compensation of $29,000 based on 297 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Debt Collector with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $34,000 based on 136 salaries. An experienced Debt Collector which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $35,000 based on 159 salaries. A Debt Collector with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $38,000 based on 43 salaries.

Pay Difference by Location

31%

10%

7%

-3%

-12%

-15%

-27%

National Average: $31,823

Larger city markers indicate a job is popular in that location.

Debt Collectors will find that Houston offers an impressive pay rate, one which exceeds the national average by 34 percent. Debt Collectors can also look forward to large paychecks in cities like Cleveland (+15 percent), Dallas (+12 percent), Phoenix (+9 percent), and Denver (+7 percent). Location significantly influences compensation, with Tucson Debt Collectors earning much less — 25 percent less — than the national average. Not at the bottom but still paying below the median are employers in Buffalo and Cincinnati (13 percent lower and 12 percent lower, respectively).

Job Reviews

Q: What is it like working as a Debt Collector?

Debt Collector in St. Cloud:
"That's where I live."
Pros: Short commute
Cons: All driving wages are lower than average. where there's a lot of potential good drivers.

Debt Collector in Fiji:
"Great experience and Satisfied."
Pros: I like talking to customers and helping customers and find this work so interesting.I have also gained experience and have also manage to tackle different scenarios which have made a better debt collector.
Cons: Every star have their days, at times I can feel pressured when there are no collections for the day.

Debt Collector in Elk River:
"COLLECTIONS."
Pros: THE COMPANY I WORK FOR, THE PEOPLE I WORK WITH, THE CHALLENGE OF REACHING GOALS AND THE INCOME POTENTIAL, WORK FLEXIBILITY.
Cons: DRAMA, LATE NIGHTS, CHANGING PROCEDURES, LACK OF ONGOING TRAINING, LACK OF COMMUNICATION, STRESS.

Debt Collector in Phoenix:
"Be persistent, be empathetic, not sympathetic."
Do the same.

Debt Collector in Thorofare:
"Listen to everyone."
Take all the information provided from your trainers, Don't be afraid to ask questions, It will only improve your position and knowledge. Use the veterans to your advantage they are there for you to lean on.

Related Job Salaries

Gender

Female
63 %
Male
37 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 121 votes.
Less than 1 year
5%
1-4 years
45%
5-9 years
17%
10-19 years
24%
20 years or more
9%

How Experience Affects Salaries

▲20%

▲11%

▲7%

National Average
$32,000

▼9%

How Skills Affect Salaries

▲1%

▲1%

bill collections
▼0%

National Average
$32,000

Typing
▼1%


Bilingual
▼10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 121 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
5%
1-4 years
45%
5-9 years
17%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 66%
dental benefits
Dental: 58%
vision benefits
Vision: 50%
no benefits
None: 30%