Loan Collector, Consumer Salary

The average Consumer Loan Collector in the United States earns approximately $15.44 per hour. Female Consumer Loan Collectors make up most of the survey respondents at 72 percent. A large number have medical and dental plans, and the larger part have vision insurance. Job satisfaction is reported as high by the vast majority of workers. The information for this snapshot was generated by responses to the PayScale salary survey.

$24,613 - $46,053
(Median)
$25K
$36K
$46K
MEDIAN: $36,126
10%
50%
90%

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$12.22 - $20.53
(Median)
$12
$15
$21
MEDIAN: $15.00
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$16K$32K$48K
Salary
$24,613 - $46,053  
   
Bonus
$0.00 - $11,920  
Profit Sharing
$690  
Commission
$3,052  
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).
)
$26,166 - $46,434  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 45
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$10$20$30
Hourly Rate
$12.22 - $20.53  
   
Overtime
$16.05 - $28.57  
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$20K$40K$60K
Bonus
$0.00 - $11,920  
   
Commission
$3,052  
Profit Sharing
$690  
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).
)
$26,166 - $46,434  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 96
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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

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Consumer Loan Collectors typically list a handful of skills they use on the job. Fortunate workers who know Negotiation command much higher paychecks, scoring salaries 23 percent above average.

Pay by Experience Level for Loan Collector, Consumer

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


For Consumer Loan Collectors, more experience in the field does not usually mean bigger paychecks. Those who have worked for fewer than five years take home a median salary of $34K, and workers with five to 10 years of experience earn a higher $35K on average. People with 10 to 20 years of experience make an average of about $39K in this role. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $40K.

Related Job Salaries

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Experience Affects Loan Collector, Consumer Salaries

Late-Career
up arrow 12%

Experienced
up arrow 8%

National Average
$36,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 5%

Skills That Affect Loan Collector, Consumer Salaries

Negotiation
up arrow 23%

Collections
up arrow 2%

National Average
$36,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

1-4 years
30%
5-9 years
31%
10-19 years
26%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 77%
medical benefits
Vision: 62%
dental benefits
None: 12%
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