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Loan Collection Clerk III Salary in the United States

How much does a Loan Collection Clerk III make in the United States?

As of August 01, 2026, the average salary for a Loan Collection Clerk III in the United States is $51,133 per year, which breaks down to an hourly rate of $25.

However, a Loan Collection Clerk III's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $62,571
  • Majority Range (25th-75th percentile): $45,233 to $57,120
  • Entry-Level (10th percentile): $39,861
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Loan Collection Clerk III Salaries

A Loan Collection Clerk III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Loan Collection Clerk III Salaries?

Experience is a primary driver of a Loan Collection Clerk III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Loan Collection Clerk I (0-1 years): $39,528
  • Loan Collection Clerk II (1-3 years): $44,486
  • Loan Collection Clerk III (3-5 years): $51,133
Job Role Years of Experience Average Salary
Loan Collection Clerk I0-1 years$39,528
Loan Collection Clerk II1-3 years$44,486
Loan Collection Clerk III3-5 years$51,133
View as Graph

How Do Loan Collection Clerk IIIs Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Collection Clerk IIIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $56,614.
  • California: $56,400.
  • Massachusetts: $55,648.

Top Paying Cities for Loan Collection Clerk III

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $64,494
  • San Francisco: $63,788
  • Oakland: $62,444

What Skills Can Increase a Loan Collection Clerk III's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 16.58% Job Postings): 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.
  • Call Center (Mentioned in 2.98% Job Postings): A call centre or call center is a managed capability that can be centralised or remote that is used for receiving or transmitting a large volume of enquiries by telephone.
  • Bankruptcy (Mentioned in 1.55% Job Postings): Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan.
Skills Demand Percentage
Customer Service 16.58%
Call Center 2.98%
Bankruptcy 1.55%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Collection Clerk III's salary.

  • Critical Thinking: Can increase your salary by up to 14%.
  • Microsoft Office: Can increase your salary by up to 14%.
  • Analytical Skills: Can increase your salary by up to 11%.
Skill Salary Salary % Increase
Critical Thinking $58,292
14%
Microsoft Office $58,292
14%
Analytical Skills $56,758
11%
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Loan Collection Clerk III Salary by Company Size: Startups vs. Enterprise

Loan Collection Clerk III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $55,333. While startup companies pay approximate $46,845.

Loan Collection Clerk III Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $46,845
Growth Stage 51~500 $49,541
Established 501~5000 $53,443
Enterprise 5000+ $55,333

Loan Collection Clerk III Salary by Industry: Top Paying Sectors

For Loan Collection Clerk III roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 20% above the average. Conversely, Loan Collection Clerk positions in Business Services typically offer lower base pay, as this sector often view Loan Collection Clerk III as a support function rather than a direct revenue driver.

The top paying industry for a Loan Collection Clerk III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$61,360$29.020%

How Education impacts an Loan Collection Clerk III's Salary?

Your level of education can impact your salary potential. While many Loan Collection Clerk III enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Loan Collection Clerk III with a Bachelor's Degree is between $52,247 and $54,838.

Loan Collection Clerk III Salaries by Degree Level

Typical Education for Loan Collection Clerk III
Degree Level % of user with this level of education
No Diploma 66.7%
High School 33.3%
Associates 66.7%
Bachelors 33.3%
Masters 0.0%
Doctorate 0.0%
View as Graph

Loan Collection Clerk III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Collection Clerk III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on August 01, 2026
$45,233
Average $51,133/year
$57,120
$3,769
Average $4,261/month
$4,760
$870
Average $983/week
$1,098
$22
Average $25/hour
$27
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $57,120 $4,760 $1,098 $27
Average $51,133 $4,261 $983 $25
25th Percentile $45,233 $3,769 $870 $22

Loan Collection Clerk III Salary Growth & Career Path

Loan Collection Clerk III

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Loan Collection Clerk III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Next Step Role Estimate Salary Projected Raise
Consumer Loan Collection Supervisor I $61,956 21%
Consumer Loan Collection Recovery Supervisor $59,988 17%
Mortgage Collection Supervisor $67,100 31%

Most common benefits for Loan Collection Clerk III

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Loan Collection Clerk III

Here are companies hiring for Loan Collection Clerk III and their salaries, click below for more details.

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FAQ about Loan Collection Clerk III

1. Where can a Loan Collection Clerk III earn the most?

A Loan Collection Clerk III'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 III earns the most in San Jose, CA, where the annual salary of a Loan Collection Clerk III is $64,494.

2. What is the highest pay for Loan Collection Clerk III?

The highest pay for Loan Collection Clerk III is $62,571.

3. What is the lowest pay for Loan Collection Clerk III?

The lowest pay for Loan Collection Clerk III is $39,861.

4. What are the responsibilities of Loan Collection Clerk III?

Supports the collections group by performing routine administrative and clerical tasks. Inputs data, coordinates document distribution, and responds to customer requests related to loans. Requires a high school diploma or equivalent. Typically reports to a supervisor. Works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience.

5. What industry pays the highest salary for Loan Collection Clerk III?

The Financial Services industry offers the highest average compensation for Loan Collection Clerk III roles, with salaries approximately 20% above the market median.

Where Does Our Salary Data Come From?

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.

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