How Much Does a Debt Recovery Specialist make?

Debt Recovery Specialist made a median salary around $41,860 in May, 2024. The best-paid 25 percent made $46,113 probably that year, while the lowest-paid 25 percent made around $38,207. 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.
Based on HR-reported data: a national average with a geographic differential
Find Jobs for Debt Recovery Specialist
Check out Debt Recovery Specialist jobs in Hernandez, New Mexico

Peer Recovery Specialist

Ideal Option and Ideal Balance - Las Cruces, NM

Peer Recovery Specialist

Ideal Option PLLC - Las Cruces, NM

Peer Recovery Specialist

Ideal Option - Las Cruces, NM

Best-Paying Cities for Debt Recovery Specialist

The metropolitan areas that pay the highest salary in the Debt Recovery Specialist profession are Capulin , Des Moines , Folsom , Raton , Santa Fe .
Capulin, NM $43,121
Des Moines, NM $43,121
Folsom, NM $43,121
Raton, NM $43,121
Santa Fe, NM $42,536

Best-Paying States for Debt Recovery Specialist

The states and districts that pay Debt Recovery Specialist the highest salary are District of Columbia (around $50,097) , California (around $49,647) , New Jersey (around $49,332) , Alaska (around $49,017) , and Massachusetts (around $48,972) .
District of Columbia $50,097
California $49,647
New Jersey $49,332
Alaska $49,017
Massachusetts $48,972

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 Hernandez, NM?
A: In 2024 , the lowest-paid Debt Recovery Specialist in Hernandez, NM earned an average annual salary of $38,207 , while the highest-paid made $46,113.
Q: What is the salary for a Debt Recovery Specialist in California?
A: Debt Recovery Specialist employed in California earned an average salary of $49,647 in 2024.

Average Debt Recovery Specialist Pay vs. Other Jobs

Debt Recovery Specialist earned an average salary of $41,860 in 2024. Other jobs related to Debt Recovery Specialist earned the following average salary in May, 2024. Debt Recovery Officer made $43,563 , Debt Recovery Agent made $34,449 , Debt Specialist and Loan/Bad Debt Recovery Supervisor made $74,210 and $59,190 respectively .

Relevant Jobs of Debt Recovery Specialist

Debt Recovery Officer - Average Salary $43,563
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 $34,449
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 $74,210
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 $59,190
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 $34,490
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.