Collection Specialist Salary at Midwest Acceptance Corp BETA

How much does a Midwest Acceptance Corp Collection Specialist make?

As of April 2025, the average annual salary for a Collection Specialist at Midwest Acceptance Corp is $37,296, which translates to approximately $18 per hour. Salaries for Collection Specialist at Midwest Acceptance Corp typically range from $33,481 to $41,095, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Midwest Acceptance Corp Overview

Website:
midwestacceptance.com
Size:
25 - 50 Employees
Revenue:
$5M - $10M
Industry:
Financial Services

Midwest Acceptance Corporation is dedicated to providing you with a product that fits your needs. Whether it is less than perfect credit or a non-conforming auto loan, we will put our 60 years of lending experience to work for you.

See similar companies related to Midwest Acceptance Corp

What Skills Does a person Need at Midwest Acceptance Corp?

At Midwest Acceptance Corp, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  2. Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.
  3. Accounts Receivable: Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
  4. Call center: A call centre or call center is a managed capability that can be centralised or remote that is used for receiving or transmitting a large volume of enquiries by telephone.
  5. Problem Solving: Analyzing and identifying the root cause of problems and applying critical thinking skills to solve problems.

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Check more jobs information at Midwest Acceptance Corp

Job Title Average Midwest Acceptance Corp Salary Hourly Rate
2 Credit Analyst $56,679 $27
3 Debt Collector $36,837 $18
4 Office Worker $32,459 $16
5 Dealer Relationship Manager $66,204 $32
6 Management Trainee $109,068 $52
7 Senior Collections Specialist $41,756 $20

Hourly Pay at Midwest Acceptance Corp

The average hourly pay at Midwest Acceptance Corp for a Collection Specialist is $18 per hour. The location, department, and job description all have an impact on the typical compensation for Midwest Acceptance Corp positions. The pay range and total remuneration for the job title are shown in the table below. Midwest Acceptance Corp may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $37,296 look to you?

FAQ about Salary and Jobs at Midwest Acceptance Corp

1. How much does Midwest Acceptance Corp pay per hour?
The average hourly pay is $18. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Midwest Acceptance Corp?
According to the data, the highest approximate salary is about $41,095 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Midwest Acceptance Corp?
According to the data, the lowest estimated salary is about $33,481 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.