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Loan Collector Salary

The average rate for a Loan Collector is $14.42 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.

$25,364 - $48,372
(Median)
$25K
$34K
$48K
MEDIAN: $33,576
10%
50%
90%

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$10.61 - $18.23
(Median)
$11
$14
$18
MEDIAN: $14.00
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$17K$34K$51K
Salary
$25,364 - $48,372  
   
Bonus
$0.00 - $10,168  
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).
)
$24,940 - $45,008  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 42
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
$10.61 - $18.23  
   
Overtime
$15.02 - $27.89  
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 - $10,168  
   
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).
)
$24,940 - $45,008  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 100

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United States (change)


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Job Description for Loan Collector

  • 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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United States (change)

Experience Affects Loan Collector Salaries

Experienced
up arrow 10%

Mid-Career
up arrow 4%

National Average
$32,000

Entry-Level
up arrow 3%

Skills That Affect Loan Collector Salaries

National Average
$32,000

Collections
up arrow 2%

Customer Service
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
4%
1-4 years
46%
5-9 years
23%
10-19 years
23%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 69%
vision benefits Vision: 58% employee benefits None: 17%
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