Loan Collector Salary (United States)

The average rate for a Loan Collector is $14.46 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.
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.
)
$25,145 - $42,383
(Median)
25K
30K
33K
38K
42K
MEDIAN: $33,373
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.
)
$10.74 - $18.58
(Median)
11
13
14
16
19
MEDIAN: $14.00
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px

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
$25,145 - $42,383  
   
Bonus
$0.00 - $10,221  
Commission
$2,948 - $10,174  
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).
)
$24,005 - $45,205  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 216
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$9$18$27
Hourly Rate
$10.74 - $18.58  
   
Overtime
$17.45 - $26.19  
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$18K$36K$54K
Bonus
$0.00 - $10,221  
   
Commission
$2,948 - $10,174  
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).
)
$24,005 - $45,205  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 216
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Location:
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

Experience Affects Loan Collector Salaries

Experienced
up arrow 13%
Mid-Career
up arrow 4%
National Average
$33,000
Entry-Level
up arrow 5%

Skills That Affect Loan Collector Salaries

National Average
$33,000
Collections
up arrow 4%
Customer Service
up arrow 23%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 36 votes.

Gender

Female
67%
female alumni
 
Male
33%
male alumni

Years of Experience

Less than 1 year
3%
1-4 years
46%
5-9 years
25%
10-19 years
21%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 71%
vision benefits Vision: 57% employee benefits None: 18%
Find Out Exactly What You Should Be Paid
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