The average hourly pay for a Debt Collector is $13.84.
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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. The biggest skills a debt collector need are the ability to communicate well and keep information organized. In many cases, a debt collector spends most of their time on the phone, and…Read more
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Popular Skills for Debt Collector
Avg. Hourly Rate
Skills in Negotiation, Oral / Verbal Communication and Microsoft Office are correlated to pay that is above average. Skills that pay less than market rate include Customer Service.
Pay by Experience Level for Debt Collector
An entry-level Debt Collector with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $12.55 based on 37 salaries. An early career Debt Collector with 1-4 years of experience earns an average total compensation of $12.99 based on 326 salaries. A mid-career Debt Collector with 5-9 years of experience earns an average total compensation of $14.38 based on 113 salaries. An experienced Debt Collector with 10-19 years of experience earns an average total compensation of $15.09 based on 160 salaries. In their late career (20 years and higher), employees earn an average total compensation of $16.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Debt Collector in their job title in Phoenix, Arizona earn an average of 15.6% more than the national average. These job titles also find higher than average salaries in Denver, Colorado (11.5% more) and Buffalo, New York (1.2% more). The lowest salaries can be found in Atlanta, Georgia (2.5% less), Jacksonville, Florida (0.7% less) and Cleveland, Ohio (0.6% less).
Years of Experience
This data is based on 708 survey responses.