Loan Collector, Consumer Salary

For Consumer Loan Collectors, hourly average wages total $16.13 per hour. A strong majority report receiving medical coverage from their employers and a fair number collect dental insurance. Most Consumer Loan Collectors report high levels of job satisfaction. There are more female Consumer Loan Collectors who answered the questionnaire than male, making up 63 percent. This report is based on answers to PayScale's salary questionnaire.

$23,270 - $53,528
$23K
$36K
$54K
MEDIAN: $35,769
10%
50%
90%

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$13.00 - $22.81
$13
$16
$23
MEDIAN: $16.13
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$23,270 - $53,528  
   
Bonus
$618 - $14,544  
Profit Sharing
$2,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$28,279 - $49,700  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 15
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$13.00 - $22.81  
   
Overtime
$23.83  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$618 - $14,544  
   
Profit Sharing
$2,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$28,279 - $49,700  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 40

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Job Description for Loan Collector, Consumer

  • Monitors the sale of collateral property to recover value of the loan.
  • Negotiates repayment plans, recommends accounts for legal action.
  • Maintains files and documentation, handles issues that may arise in the effort to recover money from loans.
  • Contacts customer in order to collect money on charged-off loans or existing delinquent loans.

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Pay by Experience Level for Loan Collector, Consumer

Pay by Experience for a Loan Collector, Consumer has a positive trend. An entry-level Loan Collector, Consumer with less than 5 years of experience can expect to earn an average total compensation of $33,000 based on 22 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Collector, Consumer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $34,000 based on 15 salaries. An experienced Loan Collector, Consumer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 24 salaries. A Loan Collector, Consumer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $45,000 based on 10 salaries.

Related Job Salaries

Key Stats for Loan Collector, Consumer

Gender

Female
63 %
Male
37 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.
1-4 years
31%
5-9 years
20%
10-19 years
31%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Collector, Consumer Salaries

Late-Career
▲22%

Experienced
▲12%

National Average
$37,000

Mid-Career
▼7%

Entry-Level
▼9%

Skills That Affect Loan Collector, Consumer Salaries

Negotiation
▲19%

bill collections
▲3%

National Average
$37,000

Collections
▼2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

1-4 years
31%
5-9 years
20%
10-19 years
31%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 78%
vision benefits
Vision: 76%
no benefits
None: 16%