Loan Collector, Consumer Salary

Consumer Loan Collectors in the United States pull down an average of $16.12 per hour. Women make up the majority of Consumer Loan Collectors (65 percent) who completed the questionnaire. Some workers in this field — about a fifth — are not awarded benefits. Medical coverage is reported by the larger part and dental plans are enjoyed by a strong majority. Most people on this career path report moderate levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$20,608 - $55,687
$21K
$35K
$56K
MEDIAN: $34,669
10%
50%
90%

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$10.21 - $22.81
$10
$16
$23
MEDIAN: $15.96
10%
50%
90%

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$0$55K
Salary $20,608 - $55,687
Bonus $515 - $14,544
Profit Sharing $2,000
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).
)
$22,184 - $51,278
  • Country: United States
  • Currency: USD
  • Updated: 16 Nov 2017
  • Individuals Reporting: 13
Hourly Data $0$38
Hourly Rate $10.21 - $22.81
Overtime $27.00
Annual Data $0$51K
Bonus $515 - $14,544
Profit Sharing $2,000
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).
)
$22,184 - $51,278
  • Country: United States
  • Currency: USD
  • Updated: 16 Nov 2017
  • Individuals Reporting: 32

Job Description for Loan Collector, Consumer

  • Monitors the sale of collateral property to recover value of the loan.
  • Negotiates repayment plans, recommends accounts for legal action.
  • 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.

Loan Collector, Consumer Job Listings

Pay by Experience Level for Loan Collector, Consumer

Pay by Experience for a Loan Collector, Consumer has a positive trend. An entry-level Loan Collector, Consumer with less than 5 years of experience can expect to earn an average total compensation of $33,000 based on 22 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Collector, Consumer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $34,000 based on 15 salaries. An experienced Loan Collector, Consumer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 24 salaries. A Loan Collector, Consumer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $45,000 based on 10 salaries.

Related Job Salaries

Key Stats for Loan Collector, Consumer

Gender

Female
70 %
Male
30 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.
1-4 years
33%
5-9 years
22%
10-19 years
31%
20 years or more
13%

Experience Affects Loan Collector, Consumer Salaries

Late-Career
▲23%

Experienced
▲12%

National Average
$36,000

Mid-Career
▼7%

Entry-Level
▼9%

Skills That Affect Loan Collector, Consumer Salaries

Negotiation
▲20%

bill collections
▲4%

National Average
$36,000

Collections
▼1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

1-4 years
33%
5-9 years
22%
10-19 years
31%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 70%
vision benefits
Vision: 74%
no benefits
None: 26%