Loan Collector Salary

A Loan Collector earns an average wage of $14.64 per hour. Most people move on to other jobs if they have more than 20 years' experience in this field.

$25,694 - $49,460
(Median)
$26K
$37K
$49K
MEDIAN: $36,967
10%
50%
90%

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$11.61 - $18.70
(Median)
$12
$15
$19
MEDIAN: $14.00
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$17K$34K$51K
Salary
$25,694 - $49,460  
   
Bonus
$0.00 - $11,632  
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).
)
$25,284 - $46,215  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 35
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$11$22$33
Hourly Rate
$11.61 - $18.70  
   
Overtime
$14.88 - $31.68  
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$22K$44K$66K
Bonus
$0.00 - $11,632  
   
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).
)
$25,284 - $46,215  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 101
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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Related Job Salaries

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Experience Affects Loan Collector Salaries

Experienced
up arrow 15%

Mid-Career
0%

National Average
$33,000

Entry-Level
up arrow 4%

Skills That Affect Loan Collector Salaries

National Average
$33,000

Collections
up arrow 2%

Customer Service
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
3%
1-4 years
43%
5-9 years
23%
10-19 years
26%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 62%
medical benefits
Vision: 50%
dental benefits
None: 20%
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