How Much Does a Debt Recovery Specialist make?

Debt Recovery Specialist made a median salary around $39,628 in December, 2024. The best-paid 25 percent made $43,402 probably that year, while the lowest-paid 25 percent made around $36,462. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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Best-Paying Cities for Debt Recovery Specialist

The metropolitan areas that pay the highest salary in the Debt Recovery Specialist profession are Marion , West Memphis , Proctor , Clarkedale , Edmondson .
Marion, AR $42,533
West Memphis, AR $42,533
Proctor, AR $42,442
Clarkedale, AR $42,397
Edmondson, AR $42,397

Best-Paying States for Debt Recovery Specialist

The states and districts that pay Debt Recovery Specialist the highest salary are District of Columbia (around $50,522) , California (around $50,068) , New Jersey (around $49,750) , Alaska (around $49,433) , and Massachusetts (around $49,387) .
District of Columbia $50,522
California $50,068
New Jersey $49,750
Alaska $49,433
Massachusetts $49,387

What is the Career Path of Debt Recovery Specialist?

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Debt Recovery Specialist, the first career path typically starts with a Consumer Loan Collector III position , and then progresses to Consumer Loan Collection Supervisor I.

The second career path typically starts with a Consumer Loan Collection/Recovery Rep. III position , and then progresses to Consumer Loan Collection/Recovery Supervisor.

The third career path typically progresses to Loan Collection Clerk III.

Additionally, the fourth career path typically starts with a Mortgage Collector III position , and then progresses to Mortgage Collection Supervisor I.

Besides, Debt Recovery Specialist can also turn to other related jobs, including Debt Recovery Officer , Debt Recovery Agent , Debt Specialist and Loan/Bad Debt Recovery Supervisor .

Frequently Asked Questions for Debt Recovery Specialist

Q: What is the salary range of Debt Recovery Specialist in Fort Smith, AR?
A: In 2024 , the lowest-paid Debt Recovery Specialist in Fort Smith, AR earned an average annual salary of $36,462 , while the highest-paid made $43,402.
Q: What is the salary for a Debt Recovery Specialist in California?
A: Debt Recovery Specialist employed in California earned an average salary of $50,068 in 2024.

Average Debt Recovery Specialist Pay vs. Other Jobs

Debt Recovery Specialist earned an average salary of $39,628 in 2024. Other jobs related to Debt Recovery Specialist earned the following average salary in December, 2024. Debt Recovery Officer made $41,365 , Debt Recovery Agent made $32,839 , Debt Specialist and Loan/Bad Debt Recovery Supervisor made $70,779 and $56,290 respectively .

Relevant Jobs of Debt Recovery Specialist

Debt Recovery Officer - Average Salary $41,365
There is currently no job description for Debt Recovery Officer, be the first to submit the job responsibilities for Debt Recovery Officer.
Debt Recovery Agent - Average Salary $32,839
There is currently no job description for Debt Recovery Agent, be the first to submit the job responsibilities for Debt Recovery Agent.
Debt Specialist - Average Salary $70,779
There is currently no job description for Debt Specialist, be the first to submit the job responsibilities for Debt Specialist.
Loan/Bad Debt Recovery Supervisor - Average Salary $56,290
The Loan/Bad Debt Recovery Supervisor coaches team to achieve collection targets. Supervises a team of recovery representatives in consumer collection activities. Directs initiatives and policies to improve collection process. In addition, Loan/Bad Debt Recovery Supervisor typically reports to a manager or head of a unit/department.
Loan /Bad Debt Recovery Representative I - Average Salary $32,790
The Loan /Bad Debt Recovery Representative I initiates account settlements pre-approved by a supervisor. Responsible for contacting "bad debt" customers to collect payments and settle accounts. Being a Loan /Bad Debt Recovery Representative I typically reports to a supervisor. Requires a high school diploma or its equivalent. Being a Loan /Bad Debt Recovery Representative I may require 0-1 year of general work experience. Possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area.