How To Become A Commercial Collector: What It Is and Career Path

What is a commercial collector and how to become one

Updated January 8, 2025

3 min read

There is more than meets the eye when it comes to being a commercial collector. For example, did you know that they make an average of $17.42 an hour? That's $36,230 a year! Between 2018 and 2028, the career is expected to grow -8% and produce -17,500 job opportunities across the U.S.

ScoreCommercial CollectorUS Average

Salary

2.8

Avg. Salary $36,230

Avg. Salary $59,228

Stability level

7.9

Growth rate -8%

Growth rate 0.3%

Diversity

6.0

Race

American Indian and Alaska Native 0.48%

Asian 3.52%

Black or African American 13.44%

Hispanic or Latino 20.18%

Unknown 4.00%

White 58.37%

Gender

female 61.03%

male 38.97%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress level

7.9

Stress level is high

7.1 - high

Complexity level

4.9

Complexity level is intermediate

7 - challenging

Work life balance

7.6

Work life balance is good

6.4 - fair

Key steps to become a commercial collector

Explore commercial collector education requirements

Most common commercial collector degrees

Bachelor's

38.7 %

Associate

27.6 %

High School Diploma

20.5 %

Start to develop specific commercial collector skills

Skills	Percentages
Delinquent Accounts	8.66%
Customer Service	7.95%
FDCPA	7.58%
Past Due Accounts	5.87%
Collection Calls	5.75%

Complete relevant commercial collector training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New commercial collectors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a commercial collector based on U.S. Bureau of Labor Statistics data and data from real commercial collector resumes.

Research commercial collector duties and responsibilities

Interpret manage care contracts and/or Medicare and Medicaid rules and regulations to ensure proper reimbursement/collection.
Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
Follow the guidelines set by FDCPA
Adhere to FDCPA, state, and federal commercial laws.

Prepare your commercial collector resume

When your background is strong enough, you can start writing your commercial collector resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a commercial collector resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable commercial collector resume templates

Build a professional commercial collector resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your commercial collector resume.