Loan Collector, Consumer Salary

Consumer Loan Collectors in the United States can expect to earn an average of $15.38 per hour. Men are in the minority of survey respondents, with female Consumer Loan Collectors making up 70 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Consumer Loan Collectors are fairly content with their jobs, and work satisfaction falls in line with the national average. The numbers in this rundown were provided by PayScale's salary survey participants.

$24,738 - $45,608
(Median)
$25K
$36K
$46K
MEDIAN: $35,612
10%
50%
90%

Add this chart to your site: 640px    300px

$12.00 - $19.73
(Median)
$12
$15
$20
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$16K$32K$48K
Salary
$24,738 - $45,608  
   
Bonus
$0.00 - $9,060  
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).
)
$25,850 - $45,518  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 48
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
$12.00 - $19.73  
   
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 - $9,060  
   
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).
)
$25,850 - $45,518  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 105
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start 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.


Consumer Loan Collectors with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Relatively untried employees who have less than five years' experience have a median salary of $34K. Those who have been around for five to 10 years can expect to take home more — $34K on average. Consumer Loan Collectors with one to two decades of relevant experience report an average salary of approximately $40K. Consumer Loan Collectors who have stuck around for more than two decades see earnings that are no higher than those of folks who have worked for 10 to 20 years.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Loan Collector, Consumer Salaries

Late-Career
up arrow 14%

Experienced
up arrow 13%

National Average
$35,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 39 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

1-4 years
32%
5-9 years
36%
10-19 years
22%
20 years or more
10%

Common Health Benefits

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