How much does a Loan Collections Specialist I make in Grand Rapids, MI?
As of March 01, 2025, the average annual salary for a Loan Collections Specialist I in Grand Rapids, MI is $39,880. Salary.com reports that pay typically ranges from $37,280 to $42,960, with most professionals earning between $34,913 and $45,764.
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 March 01, 2025
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$42,960 |
$3,580 |
$826 |
$21 |
Average |
$39,880 |
$3,323 |
$767 |
$19 |
25th Percentile |
$37,280 |
$3,107 |
$717 |
$18 |
Last Updated on March 01, 2025
How Does Experience Level Affect a Loan Collections Specialist I's Salary?
An entry-level Loan Collections Specialist I with under 1 year experience makes about $39,200.
With less than 2 years of experience, a mid-level Loan Collections Specialist I makes around $39,482.
After 2-4 years, the Loan Collections Specialist I pay rises to about $40,162.
Those senior Loan Collections Specialist I with 5-8 years of experience earn roughly $40,298, and those Loan Collections Specialist I having 8 years or more experience are expected to earn about $40,389 on average.
Levels |
Salary |
Entry Level Loan Collections Specialist I
|
$39,200
|
Intermediate Level Loan Collections Specialist I
|
$39,482
|
Senior Level Loan Collections Specialist I
|
$40,162
|
Specialist Level Loan Collections Specialist I
|
$40,298
|
Expert Level Loan Collections Specialist I
|
$40,389
|
$39,200
0 yr
$39,482
< 2 yrs
$40,162
2-4 yrs
$40,298
5-8 yrs
$40,389
> 8 yrs
Last Updated on March 01, 2025
Entry Level
|
2%
|
Mid Level
|
1%
|
Senior Level
|
1%
|
Top Level
|
1%
|
Experienced
|
1%
|
View as graph
View as table
Last Updated on March 01, 2025