As of May 01, 2026, the average salary for a Collections Representative III in the United States is $48,628 per year, which breaks down to an hourly rate of $23.
However, a Collections Representative III's salary can vary significantly. Here’s a look at the typical salary range:
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A Collections Representative 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, education and company size can directly affect your earning potential.
Experience is a primary driver of a Collections Representative 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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Collections Representative I | 0-1 years | $39,450 |
| Collections Representative II | 1-3 years | $43,943 |
| Collections Representative III | 3-5 years | $48,628 |
| Collections Supervisor | 5+ years | $67,654 |
| VP of Collections | 5+ years | $236,579 |
What Am I Worth?
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 Collections Representative IIIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 18.31% |
| Microsoft Office | 3.71% |
| Bankruptcy | 1.5% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Analysis
|
$55,436 |
14%
|
|
Flexibility
|
$53,491 |
10%
|
|
Empathy
|
$53,005 |
9%
|
|
Initiative
|
$51,059 |
5%
|
|
Public Relations
|
$50,573 |
4%
|
|
Diversity and Inclusion
|
$50,573 |
4%
|
Your level of education can impact your salary potential. While many Collections Representative IIIs enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Collections Representative III with a High School Diploma or Technical Certificate is between $49,787 and $52,935).
Collections Representative III Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 7.8% |
| High School | 31.3% |
| Associates | 21.9% |
| Bachelors | 35.9% |
| Masters | 3.1% |
| Doctorate | 0.0% |
Understanding how a Collections Representative 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 May 01, 2026For a Collections Representative III, the most direct path to higher earnings is advancing to the Collections Supervisor role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $67,654 - a projected growth of 39% over your current level.
Salaries for a Collections Representative III can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $47,741 in 2023 to around $47,767 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Collections Representative III salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $47,741 |
| 2024 | $48,003 |
| 2025 | $47,767 |
| 2026 |
View More
|
| 2027 |
View More
|
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A Collections Representative III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Collections Representative III earns the most in San Jose, CA, where the annual salary of a Collections Representative III is $61,334.
The highest pay for Collections Representative III is $57,063.
The lowest pay for Collections Representative III is $38,581.
Responsible for initiating calls to complex and difficult delinquent customers by phone, mail or personal visit to collect payments and settle accounts. Follows-up on delinquent accounts, updates and maintains accurate financial records including accounting, receivable, and credit records. Requires a high school diploma or equivalent. Typically reports to a supervisor. Works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience.
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.
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