Average Loan Collector Hourly Pay

$16.84
Avg. Hourly RateShow Salary
$2,700
Bonus
$4,000
Profit Sharing
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The average hourly pay for a Loan Collector is $16.84.
10%
$13.52
MEDIAN
$16.84
90%
$22.36
Is Loan Collector your job title? Find out what you should be paid
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Hourly Rate
$14 - $22
Bonus
$511 - $14,681
Profit Sharing
$0 - $4,000
Total Pay
$28,865 - $50,638
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Job Satisfaction for Loan Collector

3.7 out of 5
(22)
Highly Satisfied
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Loan Collector Job Listings

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What Are Popular Skills for Loan Collectors?

Skills in Bill Collections, Customer Service, Foreclosure and Legal Compliance are correlated to pay that is above average. Skills that pay less than market rate include Consumer Loans.

What is the Pay by Experience Level for Loan Collectors?

An entry-level Loan Collector with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $14.46 based on 5 salaries. An early career Loan Collector with 1-4 years of experience earns an average total compensation of $15.83 based on 33 salaries. A mid-career Loan Collector with 5-9 years of experience earns an average total compensation of $16.49 based on 25 salaries. An experienced Loan Collector with 10-19 years of experience earns an average total compensation of $18.03 based on 26 salaries. In their late career (20 years and higher), employees earn an average total compensation of $19.
Employees with Loan Collector in their job title in Los Angeles, California earn an average of 32.8% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (27.6% more) and Phoenix, Arizona (14.6% more). The lowest salaries can be found in Columbus, Ohio (14.0% less), Jacksonville, Florida (5.2% less) and Irving, Texas (0.5% less).

Years of Experience

This data is based on 102 survey responses.
Entry Level
4.9%
Early Career
32.4%
Mid Career
24.5%
Experienced
25.5%
Late Career
12.7%