Debt collection officer salary

Salary and Work for Debt Collectors

Debt collectors play a crucial role in the fields of finance and law by managing and collecting unpaid debts. Here is information about what it entails to work as a debt collector, including salary statistics and job market outlook for the profession.

What Does a Debt Collector Do?

As a debt collector, you work on contacting individuals and businesses with outstanding debts. This may involve sending payment reminders, negotiating installment plans, and in some cases, taking legal actions. The job often entails a lot of communication via phone and email, as well as handling administrative tasks.

Salary for Debt Collectors

The average salary for a debt collector is 34 200 SEK per month. Gender pay gaps are noticeable; men earn an average of 35 300 SEK while women earn 33 600 SEK, which means women earn approximately 95% of what men do. It is also worth noting that the average salary has increased from 32 000 SEK to 34 200 SEK since last year.

Education and Requirements

To work as a debt collector, a high school education is often required, preferably with a focus on finance or law. Many employers also value previous experience in finance or customer service. Education in debt collection and debt restructuring can also be an advantage.

Recruitment Situation and Job Market Outlook

According to the Swedish Public Employment Service, there is no specific forecast for debt collectors due to limited data. The profession is part of a larger occupational group that includes debt collectors and pawnbrokers, where the job market situation can vary.

Benefits and Working Conditions

Benefits for debt collectors can vary depending on the employer. Common benefits may include paid training, wellness subsidies, and sometimes even a company mobile phone. It is important to investigate the benefits offered for a specific position.

Considerations for Becoming a Debt Collector

If you are interested in working as a debt collector, it is good to have strong communication skills and be adept at handling stress. The work can sometimes be challenging as you will need to deal with people in financially difficult situations. An interest in finance and law is also important.