# Collections **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [October 25, 2011, 7:03pm UTC](https://forums.speedlife.net/t/collections/217807 "2011-10-25T19:03:15Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![amicold](https://avatars.discourse-cdn.com/v4/letter/a/c6cbf5/32.png) [@amicold](https://forums.speedlife.net/u/amicold)\ **Post date:** [October 25, 2011, 7:03pm UTC](https://forums.speedlife.net/t/collections/217807/1 "2011-10-25T19:03:15Z")
Being that this is NYSpeed and a lot of you are from Buffalo, I want to see how many of you work as a debt collector. Either third-party or for a debt buyer. I just went back to school and needed something flexible with scheduling so I quit my job at UPS and got hired on at a third party agency. Surprisingly the bonus structure is realistic and my hourly is just fine for having zero experience. I’m still in training and wondering what I can expect from it being that it is a third party agency and not a debt buyer. Thanks. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [October 26, 2011, 5:52am UTC](https://forums.speedlife.net/t/collections/217807/2 "2011-10-26T05:52:27Z")
I used to be a contractor for a bunch of collection firms. There are some collectors easily making $100,000 a year. The structure should be the same whether its a third party or buyer. The third party should provide you with some basis so I would think your earning potential is a little less as they wouldn’t get the same pricing as a buyer would but overall, its a solid venture if you run it legit. I know a few people here in Buffalo that are starting to look into buying debt and starting collections as the startup costs are very small. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [October 26, 2011, 6:08am UTC](https://forums.speedlife.net/t/collections/217807/3 "2011-10-26T06:08:13Z")
My retired neighbor works for one of the collections places part time. I still can’t picture such a nice soft spoken old man chasing down people for money over the phone but he does it.