As of January 01, 2025, the average annual salary for a Loan Collection Clerk I in the United States is $34,205. According to Salary.com, salaries can range from a low of $26,442 to a high of $42,051, with most professionals earning between $30,142 and $38,312.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $38,312 | $3,193 | $737 | $18 |
| Average | $34,205 | $2,850 | $658 | $16 |
| 25th Percentile | $30,142 | $2,512 | $580 | $14 |
An entry-level Loan Collection Clerk I with less than 1 year of experience earns about $33,277. With 1-2 years of experience, the average salary increases to $34,122. For 2-4 years of experience, the pay typically rises to $35,826. Senior-level professionals with 5-8 years of experience earn around $36,008, and those with over 8 years of experience can expect an average of $36,130.
| Levels | Salary |
|---|---|
| Entry Level Loan Collection Clerk I | $33,277 |
| Intermediate Level Loan Collection Clerk I | $34,122 |
| Senior Level Loan Collection Clerk I | $35,826 |
| Specialist Level Loan Collection Clerk I | $36,008 |
| Expert Level Loan Collection Clerk I | $36,130 |
| Entry Level | 3% |
| Mid Level | 0% |
| Senior Level | 5% |
| Top Level | 5% |
| Experienced | 6% |
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 January 01, 2025, our research reveals a significant shift in Loan Collection Clerk 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 Loan Collection Clerk 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 Loan Collection Clerk I information for you to search for. Click on search button below to see Loan Collection Clerk I job openings or enter a new job title here.
Here are companies hiring for Loan Collection Clerk I and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $34,205 | 67.0% | ||
| Bonus | $161 | 0.3% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $2,629 | 5.1% | ||
| 401K/403B | $1,615 | 3.2% | ||
| Disability | $275 | 0.5% | ||
| Healthcare | $6,056 | 11.9% | ||
| Pension | $1,890 | 3.7% | ||
| Time Off | $4,230 | 8.3% | ||
| Total Compensation | $51,060 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 36.4% |
| Associates | 21.2% |
| Bachelors | 33.3% |
| Masters | 9.1% |
What Am I Worth?
The average annual salary of Loan Collection Clerk I is $34,205. In case you are finding an easy salary calculator, the average hourly pay of Loan Collection Clerk I is $16; the average weekly pay of Loan Collection Clerk I is $658; the average monthly pay of Loan Collection Clerk I is $2,850.
A Loan Collection Clerk 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 Loan Collection Clerk I earns the most in San Jose, CA, where the annual salary of a Loan Collection Clerk I is $42,927.
The highest pay for Loan Collection Clerk I is $42,051.
The lowest pay for Loan Collection Clerk I is $26,442.
Loan Collection Clerk I supports the collections group by performing routine administrative and clerical tasks. Inputs data, coordinates document distribution, and responds to customer requests related to loans. Being a Loan Collection Clerk I requires a high school diploma. Typically reports to a supervisor. The Loan Collection Clerk I possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
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.
Credit Card: A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
