The average hourly pay for an Early-Career Debt Collector is $13.14.
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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 Typing are correlated to pay that is above average. Skills that pay less than market rate include Customer Service and Bill Collections.
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 $12.75 based on 36 salaries. A mid-career Debt Collector with 5-9 years of experience earns an average total compensation of $14.42 based on 109 salaries. An experienced Debt Collector with 10-19 years of experience earns an average total compensation of $15.12 based on 151 salaries. In their late career (20 years and higher), employees earn an average total compensation of $16.
Pay Difference by Location
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Employees with Debt Collector in their job title in Columbus, Ohio earn an average of 12.2% more than the national average. These job titles also find higher than average salaries in Phoenix, Arizona (8.4% more) and Jacksonville, Florida (4.0% more). The lowest salaries can be found in Los Angeles, California (16.3% less), Denver, Colorado (1.1% less) and Houston, Texas (0.9% less).
Years of Experience
This data is based on 368 survey responses.