As of April 01, 2025, the average annual salary for a Credit & Collections Representative, Senior in the United States is $54,190. According to Salary.com, salaries can range from a low of $41,772 to a high of $64,124, with most professionals earning between $47,690 and $59,390.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $59,390 | $4,949 | $1,142 | $29 |
| Average | $54,190 | $4,516 | $1,042 | $26 |
| 25th Percentile | $47,690 | $3,974 | $917 | $23 |
An entry-level Credit & Collections Representative, Senior with less than 1 year of experience earns about $50,503. With 1-2 years of experience, the average salary increases to $50,989. For 2-4 years of experience, the pay typically rises to $53,220. Senior-level professionals with 5-8 years of experience earn around $57,139, and those with over 8 years of experience can expect an average of $58,459.
| Levels | Salary |
|---|---|
| Entry Level Credit & Collections Representative, Senior | $50,503 |
| Intermediate Level Credit & Collections Representative, Senior | $50,989 |
| Senior Level Credit & Collections Representative, Senior | $53,220 |
| Specialist Level Credit & Collections Representative, Senior | $57,139 |
| Expert Level Credit & Collections Representative, Senior | $58,459 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 2% |
| Top Level | 5% |
| Experienced | 8% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Credit & Collections Representative, Senior compensation over the past six years. For example, the median salary increased from $49,217 in 2023 to approximately $49,343 in 2024. (For a detailed analysis of Credit & Collections Representative, Senior salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Credit & Collections Representative, Senior information for you to search for. Click on search button below to see Credit & Collections Representative, Senior job openings or enter a new job title here.
Here are companies hiring for Credit & Collections Representative, Senior and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $54,190 | 68.0% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $4,146 | 5.2% | ||
| 401K/403B | $2,276 | 2.9% | ||
| Disability | $1,084 | 1.4% | ||
| Healthcare | $8,352 | 10.5% | ||
| Pension | $2,926 | 3.7% | ||
| Time Off | $6,670 | 8.4% | ||
| Total Compensation | $79,643 | 100% | ||
Collections can indeed be a stressful job. The role involves constant follow-ups for payments and navigating challenging interactions, which can create high-pressure situations. With a salary range from $52,190 to $66,290, the financial rewards may not always offset the mental toll that comes with the job's demands.
The estimated total pay for a Credit & Collections Representative, Senior, ranges from $52,190 to $66,290 per year, with a mid-salary of $58,790. These figures reflect the salary range based on collected data, providing a clear picture of potential earnings in this role.
The salary for a Credit & Collections Representative, Senior ranges from $52,190 to $66,290, with a median salary of $58,790. While specific city data for debt collection agents varies, the average salaries in top-paying cities may not reach these figures, indicating that senior roles in collections can offer competitive compensation.
Job Summary: The Senior Collections Analyst is responsible for working directly with customers, finance, sales, and customer service to collect accounts receivable, manage and resolve deductions, and handle other credit and collection duties and projects as assigned. The salary for this position ranges from $52,190 to $66,290, with a midpoint of $58,790.
The Senior Credit and Collections Representative is responsible for addressing customer service inquiries related to collections, processing account adjustments, and resolving invoice discrepancies. They play a key role in reducing delinquency for assigned accounts. The salary for this position ranges from $52,190 to $66,290, with a midpoint of $58,790.
The commission rate for a debt collection agency typically ranges from 20% to 40%. This rate can vary based on factors such as the age of the debt—older debts often incur higher fees due to their complexity—and the balance amount, where smaller accounts may attract higher fees due to lower profit margins. For a Credit & Collections Representative, salaries range from $52,190 to $66,290.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
