Loan Collector Salary

A Loan Collector earns an average wage of $14.96 per hour. Most people move on to other jobs if they have more than 20 years' experience in this field.

$24,730 - $53,327
$25K
$35K
$53K
MEDIAN: $34,817
10%
50%
90%

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$12.11 - $19.74
$12
$16
$20
MEDIAN: $15.95
10%
50%
90%

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$0$53K
Salary $24,730 - $53,327
Bonus $650 - $16,000
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).
)
$26,779 - $48,744
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 13
Hourly Data $0$27
Hourly Rate $12.11 - $19.74
Overtime $21.00
Annual Data $0$48K
Bonus $650 - $16,000
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).
)
$26,779 - $48,744
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 49

Find Out Exactly What You Should Be Paid

United States (change)

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
78 %
Male
22 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.
Less than 1 year
5%
1-4 years
26%
5-9 years
24%
10-19 years
34%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Collector Salaries

Late-Career
▲7%

▲5%

National Average
$35,000

▼5%

▼11%

Skills That Affect Loan Collector Salaries

National Average
$35,000


▼8%

Customer Service
▼21%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
5%
1-4 years
26%
5-9 years
24%
10-19 years
34%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 69%
vision benefits
Vision: 64%
no benefits
None: 24%
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