As of March 01, 2025, the average annual salary for a Loan Collection Clerk II in the United States is $42,491. According to Salary.com, salaries can range from a low of $28,134 to a high of $49,781, with most professionals earning between $34,976 and $46,307.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $46,307 | $3,859 | $891 | $22 |
| Average | $42,491 | $3,541 | $817 | $20 |
| 25th Percentile | $34,976 | $2,915 | $673 | $17 |
An entry-level Loan Collection Clerk II with less than 1 year of experience earns about $39,567. With 1-2 years of experience, the average salary increases to $39,788. For 2-4 years of experience, the pay typically rises to $42,288. Senior-level professionals with 5-8 years of experience earn around $43,868, and those with over 8 years of experience can expect an average of $43,980.
| Levels | Salary |
|---|---|
| Entry Level Loan Collection Clerk II | $39,567 |
| Intermediate Level Loan Collection Clerk II | $39,788 |
| Senior Level Loan Collection Clerk II | $42,288 |
| Specialist Level Loan Collection Clerk II | $43,868 |
| Expert Level Loan Collection Clerk II | $43,980 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 0% |
| Top Level | 3% |
| Experienced | 4% |
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 Loan Collection Clerk II compensation over the past six years. For example, the median salary increased from $43,846 in 2023 to approximately $43,213 in 2024. (For a detailed analysis of Loan Collection Clerk II 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 II information for you to search for. Click on search button below to see Loan Collection Clerk II job openings or enter a new job title here.
Here are companies hiring for Loan Collection Clerk II and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $42,491 | 67.7% | ||
| Bonus | $802 | 1.3% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $3,312 | 5.3% | ||
| 401K/403B | $2,035 | 3.2% | ||
| Disability | $346 | 0.6% | ||
| Healthcare | $6,056 | 9.7% | ||
| Pension | $2,381 | 3.8% | ||
| Time Off | $5,328 | 8.5% | ||
| Total Compensation | $62,752 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 50.0% |
| Bachelors | 50.0% |
What Am I Worth?
The average annual salary of Loan Collection Clerk II is $42,491. In case you are finding an easy salary calculator, the average hourly pay of Loan Collection Clerk II is $20; the average weekly pay of Loan Collection Clerk II is $817; the average monthly pay of Loan Collection Clerk II is $3,541.
A Loan Collection Clerk II'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 II earns the most in San Jose, CA, where the annual salary of a Loan Collection Clerk II is $53,327.
The highest pay for Loan Collection Clerk II is $49,781.
The lowest pay for Loan Collection Clerk II is $28,134.
Loan Collection Clerk II 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 II requires a high school diploma or equivalent. Typically reports to a supervisor. The Loan Collection Clerk II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Loan Collection Clerk II typically requires 1-3 years of related 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.
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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.
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