Loan Collector Salary

The average rate for a Loan Collector is $14.89 per hour. Most people with this job move on to other positions after 20 years in this field. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.

$24,511 - $40,935
$25K
$34K
$41K
MEDIAN: $34,042
10%
50%
90%

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$11.68 - $18.58
$12
$15
$19
MEDIAN: $14.89
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
$24,511 - $40,935  
   
Bonus
$700 - $16,000  
Commission
$6,180  
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).
)
$24,764 - $45,126  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 12
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$9$18$27
Hourly Rate
$11.68 - $18.58  
   
Overtime
$21.00  
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$18K$36K$54K
Bonus
$700 - $16,000  
   
Commission
$6,180  
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).
)
$24,764 - $45,126  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 50

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Loan Collector

  • 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.

Loan Collector Job Listings

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Pay by Experience Level for Loan Collector

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

Related Job Salaries

Key Stats for Loan Collector

Gender

Female
71 %
Male
29 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 9 votes.
Less than 1 year
6%
1-4 years
34%
5-9 years
24%
10-19 years
27%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Collector Salaries

Late-Career
▲15%

Experienced
▲14%

Mid-Career
▲4%

National Average
$33,000

Entry-Level
▼5%

Skills That Affect Loan Collector Salaries

National Average
$33,000


▼2%

Customer Service
▼16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 9 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
6%
1-4 years
34%
5-9 years
24%
10-19 years
27%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 67%
vision benefits
Vision: 53%
dental benefits
None: 22%
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