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How much does a Loan Collections Specialist I make in Bloomington, IN?

As of February 01, 2025, the average annual salary for a Loan Collections Specialist I in Bloomington, IN is $37,780. Salary.com reports that pay typically ranges from $35,310 to $40,690, with most professionals earning between $33,061 and $43,339.

Loan Collections Specialist I Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $40,690 $3,391 $783 $20
Average $37,780 $3,148 $727 $18
25th Percentile $35,310 $2,943 $679 $17

Average Salary

25% $35,310 10% $33,061 90% $43,339 75% $40,690 $37,780 50%(Median) Didn’t find job title? Click
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How much does a Loan Collections Specialist I make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Loan Collections Specialist I salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Loan Collections Specialist I hourly pay, weekly pay, monthly pay and so on.

Last Updated on February 01, 2025
Last Updated on February 01, 2025
Levels Salary
Entry Level Loan Collections Specialist I $37,220
Intermediate Level Loan Collections Specialist I $37,488
Senior Level Loan Collections Specialist I $38,133
Specialist Level Loan Collections Specialist I $38,262
Expert Level Loan Collections Specialist I $38,348
$37,220 0 yr
$37,488 < 2 yrs
$38,133 2-4 yrs
$38,262 5-8 yrs
$38,348 > 8 yrs
Last Updated on February 01, 2025
Entry Level 1%
Mid Level 1%
Senior Level 1%
Top Level 1%
Experienced 2%
View as graph
Last Updated on February 01, 2025

Job Openings of Loan Collections Specialist I

Salary.com job board provides millions of Loan Collections Specialist I information for you to search for. Click on search button below to see Loan Collections Specialist I job openings or enter a new job title here.

Cost of Living In Bloomington, IN

Cost of Living in Bloomington , IN is
0.3% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Loan Collections Specialist I

What skills does a Loan Collections Specialist I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

3.

Consumer Service: Consumer services are intangible products or actions that are typically produced and consumed simultaneously. Common examples of consumer services are haircuts, auto repairs, and landscaping.

Customer Service 11.08%
Microsoft Office 2.58%
Consumer Service 1.46%
Others 84.88%
View as Table
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Loan Collections Specialist I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Innovation, you can get a 81% salary raise. If you are good at Collaborating, your salary will increase by 52%. If you are expert in KPI, your salary will rise by 29%.
Skill Salary Demand
Innovation
$68,382
81%
Collaborating
$57,426
52%
KPI
$48,736
29%
Teamwork
$42,691
13%
Attention to Detail
$41,936
11%
Listening
$41,936
11%
Last Updated on February 01, 2025

About Our Data

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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The average salary for a Loan Collections Specialist I is $37,780 per year in Bloomington, IN, updated at February 01, 2025.
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