How much does a Consumer Loan Collector I make in Michigan? The average Consumer Loan Collector I salary in Michigan is $39,129 as of February 26, 2024, but the range typically falls between $36,153 and $42,395. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Consumer Loan Collector I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Consumer Loan Collector I Salary $33,443 MI February 26, 2024
25th Percentile Consumer Loan Collector I Salary $36,153 MI February 26, 2024
50th Percentile Consumer Loan Collector I Salary $39,129 MI February 26, 2024
75th Percentile Consumer Loan Collector I Salary $42,395 MI February 26, 2024
90th Percentile Consumer Loan Collector I Salary $45,369 MI February 26, 2024
25% $36,153 10% $33,443 90% $45,369 75% $42,395 $39,129 50%(Median) Didn’t find job title? Click
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What skills does a Consumer Loan Collector 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 11.2%
Microsoft Office 2.61%
Consumer Service 1.48%
Others 84.71%

Job Description for Consumer Loan Collector I

Consumer Loan Collector I contacts customers who are delinquent in the repayment of their loans and obtains payments, commitment agreements or establishes a repayment plan. Follows set policies and procedures when determining suitable collection solution. Being a Consumer Loan Collector I requires a high school diploma or its equivalent. Typically reports to a supervisor. The Consumer Loan Collector 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. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Consumer Loan Collector I in Michigan

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Location Avg. Salary Date Updated
Location Taylor, MI Avg. Salary $39,828 Date Updated February 26, 2024
Location Acme, MI Avg. Salary $37,181 Date Updated February 26, 2024
Location Ada, MI Avg. Salary $38,262 Date Updated February 26, 2024
Location Addison, MI Avg. Salary $39,858 Date Updated February 26, 2024
Location Adrian, MI Avg. Salary $39,174 Date Updated February 26, 2024
Location Afton, MI Avg. Salary $36,660 Date Updated February 26, 2024
Location Ahmeek, MI Avg. Salary $37,476 Date Updated February 26, 2024
Location Akron, MI Avg. Salary $36,702 Date Updated February 26, 2024
Location Alanson, MI Avg. Salary $36,660 Date Updated February 26, 2024
Location Alba, MI Avg. Salary $36,660 Date Updated February 26, 2024

Career Path for Consumer Loan Collector I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Consumer Loan Collector I, the first career path typically starts with a Consumer Loan Collector II position, and then Consumer Loan Collection Supervisor I.

The second career path typically starts with a Consumer Loan Collection/Recovery Rep. II position, and then progresses to Consumer Loan Collection/Recovery Supervisor.

The third career path typically starts with a Loan Collection Clerk II position, and then progresses to Loan Collection Clerk III.

Additionally, the fourth career path typically starts with a Mortgage Collector II position, and then progresses to Mortgage Collection Supervisor I.

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Consumer Loan Collector I Salary in Michigan
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