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

What is a recovery collector and how to become one

Updated January 8, 2025

2 min read

There is more than meets the eye when it comes to being a recovery collector. For example, did you know that they make an average of $17.26 an hour? That's $35,897 a year! Between 2018 and 2028, the career is expected to grow -8% and produce -17,500 job opportunities across the U.S.

ScoreRecovery CollectorUS Average

Salary

2.8

Avg. Salary $35,897

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 3.59%

Black or African American 13.32%

Hispanic or Latino 19.97%

Unknown 3.86%

White 58.78%

Gender

female 57.76%

male 42.24%

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 recovery collector

Explore recovery collector education requirements

Most common recovery collector degrees

Bachelor's

37.7 %

High School Diploma

25.2 %

Associate

22.0 %

Start to develop specific recovery collector skills

Skills	Percentages
Inbound Calls	10.42%
Outbound Calls	9.47%
Credit Card Accounts	8.20%
Delinquent Accounts	8.15%
Credit Bureaus	6.50%

Complete relevant recovery collector training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New recovery 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 recovery collector based on U.S. Bureau of Labor Statistics data and data from real recovery collector resumes.

Research recovery collector duties and responsibilities

Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Resolve errors by resubmitting correct or unacknowledge claims, appeals, and other documentation require for timely filing.
Secure modification documents including HAMP and bank require documents.

Prepare your recovery collector resume

When your background is strong enough, you can start writing your recovery 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 recovery 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 recovery collector resume templates

Build a professional recovery 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 recovery collector resume.