Loan Collector Salary (United States)

A Loan Collector earns an average wage of $14.25 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.
)
$26,023 - $42,221
(Median)
26K
30K
34K
38K
42K
MEDIAN: $34,113
10%
25%
50%
75%
90%
Add this chart to your site
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.
)
$10.52 - $18.38
(Median)
11
12
14
16
18
MEDIAN: $14.00
10%
25%
50%
75%
90%
Add this chart to your site

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
$26,023 - $42,221  
   
Bonus
$0.00 - $10,296  
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).
)
$24,158 - $45,109  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 244
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
$10.52 - $18.38  
   
Overtime
$15.55 - $27.21  
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 - $10,296  
   
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).
)
$24,158 - $45,109  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 244
Is Loan Collector your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

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

Search for more jobs:
job title / company
location

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 19%
Experienced
up arrow 13%
Mid-Career
up arrow 4%
National Average
$33,000
Entry-Level
up arrow 6%

Skills That Affect Loan Collector Salaries

National Average
$33,000
Collections
up arrow 7%
Customer Service
up arrow 23%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 37 votes.

Gender

Female
68%
female alumni
 
Male
32%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
47%
5-9 years
25%
10-19 years
21%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 72%
vision benefits Vision: 60% employee benefits None: 16%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -