$37,116
Avg. Salary
$15.83
Avg. Hourly Rate

Average additional compensation:

$4,500

Bonus

$4,000

Profit Sharing

$6,180

Commission

What am I worth?
How should I pay?

The average pay for a Loan Collector is $15.83 per hour.

The average pay for a Loan Collector is $37,116 per year.

10%
$12.33
10%
$15.83
50%
$20.76
90%
90%
MEDIAN $15.83
10%
$28k
10%
$37k
50%
$53k
90%
90%
MEDIAN $37,116
$27,573 - $53,117
$28K
$37K
$53K
MEDIAN: $37,116
10%
50%
90%

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$12.33 - $20.76
$12
$16
$21
MEDIAN: $15.83
10%
50%
90%

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$0$53K
Salary $27,573 - $53,117
Bonus $596 - $14,746
Profit Sharing $4,000
Commission $6,180
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).
)
$27,274 - $49,384
  • Country: United States
  • Currency: USD
  • Updated: 21 Mar 2019
  • Individuals Reporting: 32
Hourly Data $0$32
Hourly Rate $12.33 - $20.76
Overtime $1.22 - $32.74
Annual Data $0$49K
Bonus $596 - $14,746
Commission $6,180
Profit Sharing $4,000
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).
)
$27,274 - $49,384
  • Country: United States
  • Currency: USD
  • Updated: 21 Mar 2019
  • Individuals Reporting: 92

Job Description for Loan Collector

  • 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 Job Listings

Pay by Experience Level for Loan Collector

Pay by Experience for a Loan Collector has a positive trend. An entry-level Loan Collector with less than 5 years of experience can expect to earn an average total compensation of $31,000 based on 28 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Collector with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $33,000 based on 21 salaries. An experienced Loan Collector which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 18 salaries. A Loan Collector with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $37,000 based on 5 salaries.

Related Job Salaries

Key Stats for Loan Collector

Gender

Female
73 %
Male
27 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 21 votes.
Less than 1 year
5%
1-4 years
35%
5-9 years
23%
10-19 years
26%
20 years or more
11%

Related Jobs

Experience Affects Loan Collector Salaries

Late-Career
▲5%

▲3%

National Average
$36,000

▼7%

▼13%

Skills That Affect Loan Collector Salaries

National Average
$36,000


▼10%

Customer Service
▼23%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 21 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
5%
1-4 years
35%
5-9 years
23%
10-19 years
26%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 68%
vision benefits
Vision: 61%
no benefits
None: 21%