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Credit/Past Due Collections Specialist III Salary in the United States

How much does a Credit/Past Due Collections Specialist III make in the United States?

As of October 01, 2026, the average salary for a Credit/Past Due Collections Specialist III in the United States is $57,170 per year, which breaks down to an hourly rate of $27.

However, a Credit/Past Due Collections Specialist III's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $69,397
  • Majority Range (25th-75th percentile): $50,390 to $63,570
  • Entry-Level (10th percentile): $44,217
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Credit/Past Due Collections Specialist III Salaries

A Credit/Past Due Collections Specialist III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Credit/Past Due Collections Specialist Salaries?

Experience is a primary driver of a Credit/Past Due Collections Specialist III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Credit/Past Due Collections Specialist I (0-1 years): $43,250
  • Credit/Past Due Collections Specialist II (1-3 years): $49,755
  • Credit/Past Due Collections Specialist III (3-5 years): $57,167
  • Credit and Collections Operations Supervisor (5+ years): $74,203
  • Credit and Collections Operations Manager (5+ years): $112,446
Job Role Years of Experience Average Salary
Credit/Past Due Collections Specialist I0-1 years$43,250
Credit/Past Due Collections Specialist II1-3 years$49,755
Credit/Past Due Collections Specialist III3-5 years$57,167
Credit and Collections Operations Supervisor5+ years$74,203
Credit and Collections Operations Manager5+ years$112,446
View as Graph

How Do Credit/Past Due Collections Specialist III Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Credit/Past Due Collections Specialist IIIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $63,300.
  • California: $63,060.
  • Massachusetts: $62,220.

Top Paying Cities for Credit/Past Due Collections Specialist IIIs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $72,110
  • San Francisco: $71,320
  • Oakland: $69,820

What Skills Can Increase a Credit/Past Due Collections Specialist III's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 16.62% Job Postings): 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.
  • Call Center (Mentioned in 2.96% Job Postings): 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.
  • Bankruptcy (Mentioned in 1.37% Job Postings): Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan.
Skills Demand Percentage
Customer Service 16.62%
Call Center 2.96%
Bankruptcy 1.37%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Credit/Past Due Collections Specialist III's salary.

  • HIPAA: Can increase your salary by up to 12%.
  • Initiative: Can increase your salary by up to 12%.
  • Analysis: Can increase your salary by up to 10%.
Skill Salary Salary % Increase
HIPAA $64,030
12%
Initiative $64,030
12%
Analysis $62,887
10%
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Credit/Past Due Collections Specialist III Salary by Company Size: Startups vs. Enterprise

Credit/Past Due Collections Specialist III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $63,824. While startup companies pay approximate $54,043.

Credit/Past Due Collections Specialist III Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $54,043
Growth Stage 51~500 $57,144
Established 501~5000 $61,627
Enterprise 5000+ $63,824

Credit/Past Due Collections Specialist III Salary by Industry: Top Paying Sectors

For Credit/Past Due Collections Specialist III roles, the industry you choose can affect earning potential by as much as 70% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Insurance sectors offer the strongest compensation, at 30% above the average. In contrast, Credit/Past Due Collections Specialist positions in Internet or Financial Services typically offer lower base pay, as these industries often view Credit/Past Due Collections Specialist III as a support function rather than a direct revenue driver.

The top paying industries for a Credit/Past Due Collections Specialist III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Energy & Utilities$74,321$36.030%
Insurance$71,462$34.025%
Biotechnology$68,604$33.020%
Telecom$68,604$33.020%
Healthcare$65,746$32.015%

Credit/Past Due Collections Specialist III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Credit/Past Due Collections Specialist III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on October 01, 2026
$50,390
Average $57,170/year
$63,570
$4,199
Average $4,764/month
$5,298
$969
Average $1,099/week
$1,223
$24
Average $27/hour
$31
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $63,570 $5,298 $1,223 $31
Average $57,170 $4,764 $1,099 $27
25th Percentile $50,390 $4,199 $969 $24

Credit/Past Due Collections Specialist III Salary Growth & Career Path

Credit/Past Due Collections Specialist III

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Credit/Past Due Collections Specialist III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Next Step Role Estimate Salary Projected Raise
Credit and Collections Operations Supervisor $74,300 30%
E-Billing Supervisor $88,200 54%

Most common benefits for Credit/Past Due Collections Specialist III

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Credit/Past Due Collections Specialist III

Here are companies hiring for Credit/Past Due Collections Specialist III and their salaries, click below for more details.

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FAQ about Credit/Past Due Collections Specialist III

1. What industry pays the highest salary for Credit/Past Due Collections Specialist III?

The Energy & Utilities industry offers the highest average compensation for Credit/Past Due Collections Specialist III roles, with salaries approximately 30% above the market median.

2. What does a credit and collections specialist do?

Credit and Collections Specialists advise individuals or organizations on managing debt and acquiring loans. They explain loan requirements, help develop debt management plans, and may assist with student financial aid packages. The salary for this role typically ranges from $52,130 to $66,290, with a midpoint of $58,750.

3. How much does a credit and collection analyst make?

A Credit/Past Due Collections Specialist typically earns between $52,130 and $66,290, with a median salary of around $58,750. Salaries can vary by state, with some states like Kentucky averaging $55,252 and California around $58,583, reflecting the demand and cost of living in different regions.

4. Where do credit analysts make the most money?

Credit/Past Due Collections Specialists earn between $52,130 and $66,290, with a median salary of $58,750. While specific geographic data for this role isn't provided, credit analysts in states like New York earn significantly more, with an annual mean wage of $142,370, indicating that location can greatly influence salary potential.

5. What does a collection specialist II do?

The Collections Specialist II provides financial counseling, offering solutions such as mortgage forbearance, consumer loan deferral, and refinancing or modification options. They also track foreclosures and repossessions to ensure compliance. The salary for this role ranges from $52,130 to $66,290, with a midpoint of $58,750.

6. How much does a credit officer make at Bank of America?

The salary range for a Credit/Past Due Collections Specialist is between $52,130 and $66,290, with a midpoint of $58,750. This reflects the base salary, excluding any additional compensation such as bonuses or commissions.

7. What is the salary for Equifax?

The salary for a Credit/Past Due Collections Specialist at Equifax ranges from approximately $52,130 to $66,290 per year, with a midpoint of $58,750. This reflects the competitive compensation structure within the company, contributing to an overall employee satisfaction rating of 3.5/5 stars for compensation and benefits.

Where Does Our Salary Data Come From?

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.)

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