The average hourly pay for an Experienced Debt Collector is $15.13.
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$12 - $20
$491 - $19,392
$1,017 - $28,300
$26,464 - $53,675
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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 Bankruptcy Proceedings 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 $12.78 based on 36 salaries. An early career Debt Collector with 1-4 years of experience earns an average total compensation of $13.19 based on 310 salaries. A mid-career Debt Collector with 5-9 years of experience earns an average total compensation of $14.42 based on 109 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 Houston, Texas earn an average of 29.9% more than the national average. These job titles also find higher than average salaries in Norfolk, Virginia (17.4% more) and Phoenix, Arizona (4.8% more). The lowest salaries can be found in Buffalo, New York (0.9% less).
Years of Experience
This data is based on 527 survey responses.