A Loan Collector earns an average wage of $14.12 per hour. Most people move on to other jobs if they have more than 20 years' experience in this field.
Loan Collector Total Pay (?
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.
)
$26,060 - $42,144
(Median)
26K
30K
34K
39K
42K
MEDIAN: $34,080
10%
25%
50%
75%
90%
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Loan Collector Total Pay (?
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.
)
$10.47 - $18.31
(Median)
10
12
14
16
18
MEDIAN: $14.00
10%
25%
50%
75%
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$15K$30K$45K
Salary
$26,060 - $42,144  
   
Bonus
$0.00 - $10,174  
Commission
$2,000 - $10,000  
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).
)
$23,917 - $44,720  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 283
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
$10.47 - $18.31  
   
Overtime
$17.53 - $27.67  
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 - $10,174  
   
Commission
$2,000 - $10,000  
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).
)
$23,917 - $44,720  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 283
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Loan Collector Job Listings

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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.
Pay by Experience Level for Loan Collector
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Related Job Salaries

Experience Affects Loan Collector Salaries

Late-Career
up arrow 20%
Experienced
up arrow 14%
Mid-Career
up arrow 6%
National Average
$33,000
Entry-Level
up arrow 6%

Skills That Affect Loan Collector Salaries

National Average
$33,000
Collections
up arrow 6%
Customer Service
up arrow 23%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 38 votes.
Gender
Female
66%
female alumni
 
Male
34%
male alumni
Years of Experience
Less than 1 year
3%
1-4 years
49%
5-9 years
22%
10-19 years
20%
20 years or more
5%
Common Health Benefits
medical benefits Medical: 79% dental benefits Dental: 72%
vision benefits Vision: 60% employee benefits None: 16%
Find Out Exactly What You Should Be Paid
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