Working as a Debt Collector

There is more than meets the eye when it comes to being a debt collector. For example, did you know that they make an average of $15.52 an hour? That's $32,291 a year!

Between 2018 and 2028, the career is expected to grow -8% and produce -19,400 job opportunities across the U.S.

What Does a Debt Collector Do

There are certain skills that many debt collectors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed empathy, physical stamina and good judgment.

When it comes to the most important skills required to be a debt collector, we found that a lot of resumes listed 9.5% of debt collectors included payment arrangements, while 7.7% of resumes included inbound calls, and 7.7% of resumes included delinquent accounts. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the debt collector job title. But what industry to start with? Most debt collectors actually find jobs in the health care and professional industries.

How To Become a Debt Collector

If you're interested in becoming a debt collector, one of the first things to consider is how much education you need. We've determined that 21.2% of debt collectors have a bachelor's degree. In terms of higher education levels, we found that 2.8% of debt collectors have master's degrees. Even though some debt collectors have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a debt collector. When we researched the most common majors for a debt collector, we found that they most commonly earn high school diploma degrees or bachelor's degree degrees. Other degrees that we often see on debt collector resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a debt collector. In fact, many debt collector jobs require experience in a role such as customer service representative. Meanwhile, many debt collectors also have previous career experience in roles such as cashier or sales associate.

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Average Salary$32,291
Job Growth Rate-8%

Debt Collector Jobs

Debt Collector Career Paths

Top Careers Before Debt Collector
Cashier18.6 %
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Top Careers After Debt Collector
Cashier11.4 %
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What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Debt Collector

Debt Collectors in America make an average salary of $32,291 per year or $16 per hour. The top 10 percent makes over $41,000 per year, while the bottom 10 percent under $25,000 per year.
Average Salary
$32,291

Best Paying Cities

City
Average Salary

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Debt Specialists
Debt Specialists
Randstad
Randstad
07/29/2020
07/29/2020
$32,34907/29/2020
$32,349
Debt Collector
Debt Collector
Randstad
Randstad
07/15/2020
07/15/2020
$29,21807/15/2020
$29,218
Debt Specialist (Remote)
Debt Specialist (Remote)
Randstad
Randstad
06/24/2020
06/24/2020
$32,34906/24/2020
$32,349
Debt Specialist (Remote)
Debt Specialist (Remote)
Randstad
Randstad
06/24/2020
06/24/2020
$32,34906/24/2020
$32,349
Patient Account Collector
Patient Account Collector
Randstad
Randstad
06/23/2020
06/23/2020
$43,82706/23/2020
$43,827
See More Recent Salaries

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Debt Collector Demographics

Gender

Female

66.0 %

Male

29.2 %

Unknown

4.8 %
Ethnicity

White

61.1 %

Hispanic or Latino

18.2 %

Black or African American

11.7 %
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Foreign Languages Spoken

Spanish

78.3 %

French

5.0 %

German

2.7 %
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Debt Collector Education

Schools

Erie Community College

13.5 %

Ashford University

7.7 %

Kaplan University

6.5 %

Houston Community College

6.2 %
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Majors

Business

27.3 %

Health Care Administration

9.3 %

Accounting

9.2 %

Criminal Justice

7.6 %
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Degrees

High School Diploma

37.7 %

Bachelors

21.2 %

Associate

20.8 %

Diploma

8.4 %
Show More

Entry Level Jobs For Becoming A Debt Collector

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Debt Collector

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 9.5% of debt collectors listed payment arrangements on their resume, but soft skills such as empathy and physical stamina are important as well.

Best States For a Debt Collector

Some places are better than others when it comes to starting a career as a debt collector. The best states for people in this position are Delaware, West Virginia, Connecticut, and Rhode Island. Debt collectors make the most in Delaware with an average salary of $41,766. Whereas in West Virginia and Connecticut, they would average $40,790 and $40,440, respectively. While debt collectors would only make an average of $40,331 in Rhode Island, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Rhode Island

Total Debt Collector Jobs:
28
Highest 10% Earn:
$59,000
Location Quotient:
1.77
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Kentucky

Total Debt Collector Jobs:
58
Highest 10% Earn:
$50,000
Location Quotient:
1.23
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New Hampshire

Total Debt Collector Jobs:
35
Highest 10% Earn:
$54,000
Location Quotient:
1.26
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Debt Collector Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a debt collector. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

At Zippia, we went through countless debt collector resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Write a Debt Collector Resume

At Zippia, we went through countless debt collector resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

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Top Debt Collector Employers

1. IC System
3.7
Avg. Salary: 
$36,808
Debt Collectors Hired: 
170+
2. GC Services Limited Partnership
3.6
Avg. Salary: 
$34,878
Debt Collectors Hired: 
167+
3. CBE Companies
3.7
Avg. Salary: 
$33,025
Debt Collectors Hired: 
164+
4. Diversified Consultants
3.8
Avg. Salary: 
$33,944
Debt Collectors Hired: 
125+
5. Capital Management Services L.P.
3.2
Avg. Salary: 
$34,177
Debt Collectors Hired: 
123+
6. Alliance One International
4.3
Avg. Salary: 
$38,329
Debt Collectors Hired: 
106+

Debt Collector Videos

Recently Added Debt Collector Jobs

Updated October 2, 2020