What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Loan Collector, Consumer Salary

The average Consumer Loan Collector in the United States earns approximately $15.36 per hour. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most workers in this position report moderate levels of job satisfaction. Women make up the majority of Consumer Loan Collectors (68 percent) who completed the questionnaire. This overview is based on answers to PayScale's salary questionnaire.

$24,654 - $42,055
(Median)
$25K
$35K
$42K
MEDIAN: $35,063
10%
50%
90%

Add this chart to your site: 640px    300px

$11.95 - $18.82
(Median)
$12
$15
$19
MEDIAN: $15.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15K$30K$45K
Salary
$24,654 - $42,055  
   
Bonus
$0.00 - $9,826  
Profit Sharing
$290.00 - $2,396  
Commission
$2,966 - $5,000  
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).
)
$25,801 - $44,663  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 46
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$10$20$30
Hourly Rate
$11.95 - $18.82  
   
Overtime
$16.23 - $28.00  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Bonus
$0.00 - $9,826  
   
Commission
$2,966 - $5,000  
Profit Sharing
$290.00 - $2,396  
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).
)
$25,801 - $44,663  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 106

Find Out Exactly What You Should Be Paid

United States (change)

- OR -

Log in with LinkedIn

Comp Managers Click Here »

Job Description for Loan Collector, Consumer

  • 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.
  • Monitors the sale of collateral property to recover value of the loan.
  • Negotiates repayment plans, recommends accounts for legal action.

Loan Collector Job Listings

Search for more jobs:


Pay by Experience Level for Loan Collector, Consumer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Relatively untried employees who have fewer than five years of experience earn around $33K on average. People who have worked for five to 10 years can expect a higher median salary of $35K. The average pay reported by folks with 10 to 20 years of experience is around $39K. Survey participants with more than twenty years of experience only make around $37K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Related Job Salaries

United States (change)

Experience Affects Loan Collector, Consumer Salaries

Experienced
up arrow 12%

Late-Career
up arrow 6%

Mid-Career
0%

National Average
$35,000

Entry-Level
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 40 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
1%
1-4 years
33%
5-9 years
36%
10-19 years
21%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 76%
vision benefits Vision: 60% employee benefits None: 14%