The average hourly pay for a Loan Collector is $16.84.
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$14 - $22
$511 - $14,681
$0 - $4,000
$28,865 - $50,638
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What Are Popular Skills for Loan Collectors?
Avg. Hourly Rate
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.
Pay Difference by Location
Learn more about cost of living by city.
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.