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Loan /Bad Debt Recovery Representative I Salary in Massachusetts

How much does a Loan /Bad Debt Recovery Representative I make in Massachusetts?

As of October 01, 2026, the average salary for a Loan /Bad Debt Recovery Representative I in Massachusetts is $42,190 per year, which breaks down to an hourly rate of $20.

However, a Loan /Bad Debt Recovery Representative I's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $48,303
  • Majority Range (25th-75th percentile): $38,890 to $45,390
  • Entry-Level (10th percentile): $35,886

Key Factors That Influence Loan /Bad Debt Recovery Representative I Salaries

A Loan /Bad Debt Recovery Representative I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Loan /Bad Debt Recovery Representative Salaries?

Experience is a primary driver of a Loan /Bad Debt Recovery Representative I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Loan /Bad Debt Recovery Representative I (0-1 years): $42,155
  • Account Settlement Representative II - Consumer Loans (1-3 years): $47,120
  • Account Settlement Representative III - Consumer Loans (3-5 years): $53,313
  • Account Settlement and Recovery Supervisor - Consumer Loans (5+ years): $83,159
  • Account Settlement and Recovery Manager - Consumer Loans (5+ years): $112,331
Job Role Years of Experience Average Salary
Loan /Bad Debt Recovery Representative I0-1 years$42,155
Account Settlement Representative II - Consumer Loans1-3 years$47,120
Account Settlement Representative III - Consumer Loans3-5 years$53,313
Account Settlement and Recovery Supervisor - Consumer Loans5+ years$83,159
Account Settlement and Recovery Manager - Consumer Loans5+ years$112,331

Top Paying Cities for Loan /Bad Debt Recovery Representative Is

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Agawam: $39,990
  • Amherst: $40,290
  • Barre: $40,690

Loan /Bad Debt Recovery Representative I Salary by Company Size: Startups vs. Enterprise

Loan /Bad Debt Recovery Representative I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $45,667. While startup companies pay approximate $38,677.

Loan /Bad Debt Recovery Representative I Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $38,677
Growth Stage 51~500 $40,902
Established 501~5000 $44,095
Enterprise 5000+ $45,667

Loan /Bad Debt Recovery Representative I Salary by Industry: Top Paying Sectors

For Loan /Bad Debt Recovery Representative I roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 20% above the average. Conversely, Loan /Bad Debt Recovery Representative positions in Business Services typically offer lower base pay, as this sector often view Loan /Bad Debt Recovery Representative I as a support function rather than a direct revenue driver.

The top paying industry for a Loan /Bad Debt Recovery Representative I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$50,628$24.020%

Loan /Bad Debt Recovery Representative I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan /Bad Debt Recovery Representative I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on October 01, 2026
$38,890
Average $42,190/year
$45,390
$3,241
Average $3,516/month
$3,783
$748
Average $811/week
$873
$19
Average $20/hour
$22
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $45,390 $3,783 $873 $22
Average $42,190 $3,516 $811 $20
25th Percentile $38,890 $3,241 $748 $19

Loan /Bad Debt Recovery Representative I Salary Growth & Career Path

Promotions are the fastest way to increase your earnings. As a Loan /Bad Debt Recovery Representative I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Loan /Bad Debt Recovery Representative I Salary Growth and Career Path
Next Step Role Estimate Salary Projected Raise
Consumer Loan Collector, Experienced $48,400 15%
Account Settlement Representative II - Consumer Loans $47,200 12%
Collections Clerk, Experienced - Loans $48,500 15%
Delinquent Mortgage Collector II $58,900 40%

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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