Debt Collector in Buffalo, New York Salary
A Debt Collector in Buffalo, New York earns an average wage of $11.33 per hour. Most people move on to other jobs if they have more than 20 years' experience in this career.
|Hourly Rate||$8.70 - $16.49|
|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).)
|$18,720 - $49,120|
How much does a Debt Collector make in Buffalo, NY?
A Debt Collector in Buffalo earns an average of $11.90 per hour. This is 14% lower than the national average for a Debt Collector which is $13.58 per hour. Wages for a Debt Collector in Buffalo range from $8.70 per hour to $16.49 per hour. Total Annual Pay, which includes hourly rate, bonus, and overtime for a Debt Collector in Buffalo ranges from $18,720 to $49,120 annually. Among those reporting, there is an average job satisfaction rating of 5 out of 5 stars. In Buffalo, men make up the majority of the workforce (78 percent). Many report receiving medical and dental benefits from their employer.
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...
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 they likely work in a call center environment; it is common for a debt collector to make 100 to 200 phone calls per day. Additionally, a debt collector may generate mail correspondence as well.
Debt collectors are normally given their company's parameters or methods for acceptable debt repayment. Debt collectors work with individuals with past due accounts within those parameters to reduce or eliminate the debt. These professionals often need to note all contact with the debtor and follow up with them on any agreed-upon payment methods or obligations.
Debt collectors work a variety of shifts throughout the day; most U.S. states permit debt collection calls until the early evening, so a collector on the East coast may work until 10 p.m. or later to make calls further west.
The work can occasionally be stressful for debt collectors, as debtors they contact may lash out verbally over the debt in question. As such, a critical skill for a debt collector is thick skin and an ability to maintain a calm demeanor in these stressful situations. Some employers may also prefer previous experience as a debt collector or in a similar position. (Copyright 2017 PayScale.com)
Debt Collector Tasks
- Locate and notify customers of delinquent accounts by mail or telephone.
- Arrange for debt repayment or establish repayment schedules, based on customers' financial situations.
- Record information about financial status of customers and status of collection efforts.
- Monitor overdue accounts, receive payments and post amounts paid to customer accounts.
Debt Collector Job Listings
Key Stats for Debt Collector
Rated 5 out of 5
based on 2 votes.