$30,086
Avg. Salary
$14.76
Avg. Hourly Rate
Help us gather more data! Is Loan Counselor your job title? Find out what you're worth.

The average pay for a Loan Counselor is $14.76 per hour.

The average pay for a Loan Counselor is $30,086 per year.

10%
$11.09
10%
$14.76
50%
$18.82
90%
90%
MEDIAN $14.76
10%
$28k
10%
$30k
50%
$36k
90%
90%
MEDIAN $30,086
$28,491 - $36,000
$30K
MEDIAN: $30,086
50%

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$11.09 - $18.82
$11
$15
$19
MEDIAN: $14.76
10%
50%
90%

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$0$46K
Salary $30,086
Bonus $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).
)
$24,645 - $46,252
  • Country: United States
  • Currency: USD
  • Updated: 10 Mar 2019
  • Individuals Reporting: 5
Hourly Data $0$29
Hourly Rate $11.09 - $18.82
Overtime $16.33 - $29.59
Annual Data $0$46K
Bonus $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).
)
$24,645 - $46,252
  • Country: United States
  • Currency: USD
  • Updated: 10 Mar 2019
  • Individuals Reporting: 23

Job Description

  • Counsel individuals struggling to pay loans or individuals who do not meet the prerequisites for traditional loans.
  • Analyze applicants' current and past financial status, credit, and property evaluations to determine possibility and ease of granting loans.
  • Service low risk and pre-foreclosure accounts and approve loans with specified limits.
  • Refinance outstanding balance and negotiate repayment plans with the lender to avoid the borrower defaulting on the loan.
  • Calculate amount of debt and available funds in order to decide amount of monthly payments and length of payment plans.

Job Listings

Gender

Female
72 %
Male
28 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.
Less than 1 year
7%
1-4 years
57%
5-9 years
25%
10-19 years
11%

Related Jobs

How Experience Affects Salaries

Mid-Career
▲16%

National Average
$32,000

Entry-Level
▼11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
7%
1-4 years
57%
5-9 years
25%
10-19 years
11%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 95%
vision benefits
Vision: 76%
no benefits
None: