As of March 01, 2025, the average annual salary for a Consumer Loan Collection/Recovery Rep. I in the United States is $37,743. Salary.com reports that pay typically ranges from $31,913 to $39,986, with most professionals earning between $26,605 and $42,027.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $39,986 | $3,332 | $769 | $19 |
| Average | $37,743 | $3,145 | $726 | $18 |
| 25th Percentile | $31,913 | $2,659 | $614 | $15 |
An entry-level Consumer Loan Collection/Recovery Rep. I with less than 1 year of experience earns about $36,900. With 1-2 years of experience, the average salary increases to $37,396. For 2-4 years of experience, the pay typically rises to $37,892. Senior-level professionals with 5-8 years of experience earn around $37,992, and those with over 8 years of experience can expect an average of $38,058.
| Levels | Salary |
|---|---|
| Entry Level Consumer Loan Collection/Recovery Rep. I | $36,900 |
| Intermediate Level Consumer Loan Collection/Recovery Rep. I | $37,396 |
| Senior Level Consumer Loan Collection/Recovery Rep. I | $37,892 |
| Specialist Level Consumer Loan Collection/Recovery Rep. I | $37,992 |
| Expert Level Consumer Loan Collection/Recovery Rep. I | $38,058 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 0% |
| Top Level | 1% |
| Experienced | 1% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Consumer Loan Collection/Recovery Rep. I compensation over the past six years. For example, the median salary increased from $39,825 in 2023 to approximately $39,233 in 2024. (For a detailed analysis of Consumer Loan Collection/Recovery Rep. I salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Consumer Loan Collection/Recovery Rep. I information for you to search for. Click on search button below to see Consumer Loan Collection/Recovery Rep. I job openings or enter a new job title here.
Here are companies hiring for Consumer Loan Collection/Recovery Rep. I and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $37,743 | 61.4% | ||
| Bonus | $4,607 | 7.5% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $3,240 | 5.3% | ||
| 401K/403B | $1,990 | 3.2% | ||
| Disability | $339 | 0.6% | ||
| Healthcare | $6,056 | 9.8% | ||
| Pension | $2,329 | 3.8% | ||
| Time Off | $5,212 | 8.5% | ||
| Total Compensation | $61,517 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 53.1% |
| Associates | 24.5% |
| Bachelors | 22.4% |
What Am I Worth?
The average annual salary of Consumer Loan Collection/Recovery Rep. I is $37,743. In case you are finding an easy salary calculator, the average hourly pay of Consumer Loan Collection/Recovery Rep. I is $18; the average weekly pay of Consumer Loan Collection/Recovery Rep. I is $726; the average monthly pay of Consumer Loan Collection/Recovery Rep. I is $3,145.
A Consumer Loan Collection/Recovery Rep. I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Consumer Loan Collection/Recovery Rep. I earns the most in San Jose, CA, where the annual salary of a Consumer Loan Collection/Recovery Rep. I is $47,368.
The highest pay for Consumer Loan Collection/Recovery Rep. I is $42,027.
The lowest pay for Consumer Loan Collection/Recovery Rep. I is $26,605.
Consumer Loan Collection/Recovery Rep. I is responsible for contacting "bad debt" customers to collect payments and settle accounts. Initiates account settlements pre-approved by a supervisor. Being a Consumer Loan Collection/Recovery Rep. I requires a high school diploma or its equivalent. Typically reports to a supervisor. The Consumer Loan Collection/Recovery Rep. I may require 0-1 year of general work experience. Possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area.
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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.
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Credit Management: Granting and paying credit within the defined payment terms and conditions to improve the revenue and profit of the company.
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