Position
Salary

How much does a Collections Technician make?

The average salary for a Collections Technician is $43,309 per year in the US.

Collections Technicians play a crucial role in various industries, ensuring that debts are managed and collected efficiently. This job is important for the financial health of organizations. The average yearly salary for a Collections Technician is about $43,309. This average provides a good starting point for those interested in this career.


When looking at the salary range, it spans from $30,000 to over $70,000 annually. This range shows the potential for growth and the benefits of gaining experience. Here is a breakdown of how salaries are distributed:

  • About 6.11% earn less than $30,000.
  • 21.04% earn between $30,000 and $33,705.
  • Another 21.04% earn between $33,705 and $37,411.
  • 12.89% earn between $37,411 and $41,116.
  • 11.54% earn between $41,116 and $44,822.
  • 10.86% earn between $44,822 and $48,527.
  • 2.04% earn between $48,527 and $52,233.
  • 4.41% earn between $52,233 and $55,938.
  • 2.04% earn between $55,938 and $59,644.
  • 0.68% earn between $59,644 and $63,349.
  • 2.38% earn between $63,349 and over $67,055.
  • A small percentage earn over $70,760.

View Collections Technician jobs nearby

What are the highest paying cities for a Collections Technician?

Cities like Colorado Springs, CO, and Atlanta, GA, offer attractive salaries for Collections Technician jobs. Colorado Springs provides an average salary of $43,437, while Atlanta, GA, offers around $39,916. These locations present great opportunities for those looking to advance their careers in collections. Exploring these cities could lead to a rewarding position with a competitive pay package.
Graph displaying highest paying cities salaries for Collections Technician jobs, highlighting Colorado Springs, CO with the highest at $43,437 and Atlanta, GA with the lowest at $39,916.
  1. Colorado Springs, CO
    Average Salary: $43,437
    In Colorado Springs, working with debt recovery can offer a stable career. Many people find roles with local banks and financial firms, enjoying a friendly work atmosphere. With an average salary of $43,437, it's a rewarding job for those skilled in communication and problem-solving.
    Find Collections Technician jobs in Colorado Springs, CO


  2. Atlanta, GA
    Average Salary: $39,916
    Atlanta is a bustling hub for collections work. Professionals here often collaborate with large companies in finance and healthcare. The city's vibrant job market and an average salary of $39,916 make it an attractive place for this career. Those in the field benefit from diverse opportunities and a dynamic work environment.
    Find Collections Technician jobs in Atlanta, GA

What are the best companies a Collections Technician can work for?

Collections Technicians can find excellent opportunities at top-paying companies like CommonSpirit Health, Emory Healthcare, and Cordant Health Solutions. CommonSpirit Health offers an average salary of $43,973, while Emory Healthcare provides $39,110. Cordant Health Solutions pays $36,481 on average. These companies value skilled professionals and offer competitive compensation packages.
Graph displaying best paying company salaries for Collections Technician jobs, highlighting CommonSpirit Health with the highest at $43,973 and Cordant Health Solutions with the lowest at $36,481.
  1. CommonSpirit Health
    Average Salary: $43,973
    CommonSpirit Health is a top employer for Collections Technician jobs. This company operates in many locations across the U.S. They focus on patient care and offer good benefits to their employees. Collections Technicians here manage patient accounts and handle insurance claims. They work in cities like Denver, Chicago, and Phoenix.


  2. Emory Healthcare
    Average Salary: $39,110
    Emory Healthcare provides excellent opportunities for Collections Technicians. Based in Atlanta, they are part of a large healthcare network. Technicians here help patients understand their bills and manage payments. This job offers a stable work environment with chances for advancement.


  3. Cordant Health Solutions
    Average Salary: $36,481
    Cordant Health Solutions is another great place for Collections Technicians. They focus on healthcare and wellness, working in locations like Denver and Chicago. Technicians here assist with billing and collections for various healthcare services. This job can offer a good starting point for those new to the field.

How to earn more as a Collections Technician?

Becoming a Collections Technician with a higher salary involves a mix of skill, experience, and strategy. This role demands a blend of communication, negotiation, and problem-solving abilities. Those who excel in these areas can find opportunities for advancement and better pay.

Here are some strategies to help increase earnings as a Collections Technician:

  1. Improve communication skills: Being able to clearly explain payment terms and due dates is key. Good communication can lead to quicker payments and fewer collections issues.
  2. Enhance negotiation skills: Learn to negotiate payment plans that work for both the debtor and the company. This can help in collecting owed amounts more efficiently.
  3. Gain experience: Working for a few years and gaining experience will make one more valuable. Experience often translates into higher pay.
  4. Get certifications: Certifications in collections or related fields can make one more attractive to employers. They show a commitment to professional growth.
  5. Specialize: Specializing in a certain type of debt collection can set one apart. For example, focusing on healthcare or legal debt can lead to higher-paying jobs.

Currently 23 Collections Technician job openings, nationwide.

How's the job market for a Collections Technician in the US?

Learn what a Collections Technician does, how to become one, and understand the job outlook. Get simple steps to start your career as a Collections Technician today.
Position
Overview
Collections Technician
23 Job Openings