Debt Collector

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October 30, 2016

Jobs

Debt Collector Job Description

Bill and Account Collectors Locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer’s account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; keeping records of collection and status of accounts.

Debt Collector Salary Statistics as of 2015

Average annual salary for a Debt Collector is $30539 based on statistics in the U.S. as of 2015. The highest salary recorded was $44966. The lowest salary reported was $20922. These figures will vary on a state to state basis as these are averages across all 50 states.

Median hourly wage for a Debt Collector is $15.19 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $22.36. The lowest hourly rate recorded was $10.4. These figures will vary on a state to state basis as these are averages across all 50 states.

Bonuses for a Debt Collector are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $2966 from people with 15+ years of experience. The average bonus recorded was $0 from people with under 1 year of experience.

These are the highest paying states for a Debt Collector. These numbers are based of the median annual salary as of 2015.
California – $34,897 – $40,337
Minnesota – $24,566 – $45,769
New York – $28,850 – $40,976
Ohio – $26,876 – $36,438
Oklahoma – $21,600 – $45,000
Texas – $21,360 – $49,000
Virginia – n/a

These are the highest paying cities for a Debt Collector. These numbers are based of the median annual salary as of 2015.
Houston, Texas –
Tulsa, Oklahoma –
Dallas, Texas –
Kalamazoo, Michigan –
New York, New York –
Buffalo, New York –
Newtown, Connecticut –

This chart outlines the average annual salary of a Debt Collector from the past 5 years. In 2015 the average annual salary was $30539 while in 2007 it was just $28321.33

Job Outlook

Gender Statistics

Related Jobs

39%

61%

Based on our stats gathered across the U.S. 39% of Debt Collectors were males while 61% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.

Past Jobs

Bill / Account Collector
$21,591 – $43,082
Collections Specialist
$24,537 – $47,281
Customer Service Representative (CSR)
$19,513 – $41,586

Future Jobs

Collections Representative
$23,336 – $43,969
Customer Service Representative (CSR)
$19,513 – $41,586
Credit / Collections Manager
$31,090 – $77,975


Debt Collector Jobs

 

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