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Loan Collector, Consumer Salary

Consumer Loan Collectors in the United States pull down an average of $15.32 per hour. For the most part, people in this position report moderate levels of job satisfaction. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. The information for this snapshot was generated by responses to the PayScale salary survey.

$24,738 - $45,608
(Median)
$25K
$35K
$46K
MEDIAN: $35,304
10%
50%
90%

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$11.99 - $18.87
(Median)
$12
$15
$19
MEDIAN: $15.00
10%
50%
90%

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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 - $9,899  
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).
)
$25,813 - $45,213  
Country: United States | Currency: USD | Updated: 2 May 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
$11.99 - $18.87  
   
Overtime
$16.19 - $28.14  
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 - $9,899  
   
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).
)
$25,813 - $45,213  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 104

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United States (change)


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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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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. On average, Consumer Loan Collectors make $39K following one to two decades on the job. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $38K by contrast.

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United States (change)

Experience Affects Loan Collector, Consumer Salaries

Experienced
up arrow 13%

Late-Career
up arrow 10%

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
69 %
Male
31 %

Years of Experience

Less than 1 year
1%
1-4 years
34%
5-9 years
36%
10-19 years
20%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 75%
vision benefits Vision: 60% employee benefits None: 14%
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