As of December 01, 2024, the average annual pay of Loan Collection Clerk III in the United States is $54,484. While Salary.com is seeing that Loan Collection Clerk III salary in the US can go up to $61,976 or down to $44,944, but most earn between $49,490 and $58,405. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Collection Clerk III in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $58,405 | $4,867 | $1,123 | $28 |
| Average | $54,484 | $4,540 | $1,048 | $26 |
| 25th Percentile | $49,490 | $4,124 | $952 | $24 |
As of December 01, 2024, Salary.com is seeing that an entry-level Loan Collection Clerk III with under 1 year experience makes about $52,024. With less than 2 years of experience, a mid-level Loan Collection Clerk III makes around $52,396. After 2-4 years, the Loan Collection Clerk III pay rises to about $53,140. Those senior Loan Collection Clerk III with 5-8 years of experience earn roughly $55,420, and those Loan Collection Clerk III having 8 years or more experience is expected to earn about $56,468 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Collection Clerk III | $52,024 |
| Intermediate Level Loan Collection Clerk III | $52,396 |
| Senior Level Loan Collection Clerk III | $53,140 |
| Specialist Level Loan Collection Clerk III | $55,420 |
| Expert Level Loan Collection Clerk III | $56,468 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 2% |
| Top Level | 2% |
| Experienced | 4% |
Salaries in the United States can vary significantly from state to state due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Loan Collection Clerk III is $60,096 in California and in Massachusetts, the average annual salary goes to $59,278. While in New Jersey, a Loan Collection Clerk III earns $59,714 per year.
What Am I Worth?
Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Loan Collection Clerk III in San Francisco, CA is $68,105 and in New York, NY, the average annual salary goes to $63,637. While a Loan Collection Clerk III earns $61,076 per year in Boston, MA.
For those exploring the changing dynamics of Loan Collection Clerk III salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of December 01, 2024, our research highlights a notable shift in Loan Collection Clerk III compensation over the past six years. For instance, the median salary has moved from $48,790 in 2023 to about $48,264 in 2024 (for a comprehensive analysis of Loan Collection Clerk III salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.
Salary.com job board provides millions of Loan Collection Clerk III information for you to search for. Click on search button below to see Loan Collection Clerk III job openings or enter a new job title here.
Here are companies hiring for Loan Collection Clerk III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $54,484 | 68.0% | ||
| Bonus | $2,035 | 2.5% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $4,324 | 5.4% | ||
| 401K/403B | $2,656 | 3.3% | ||
| Disability | $452 | 0.6% | ||
| Healthcare | $6,056 | 7.6% | ||
| Pension | $3,109 | 3.9% | ||
| Time Off | $6,956 | 8.7% | ||
| Total Compensation | $80,072 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| Associates | 66.7% |
| Bachelors | 33.3% |
What Am I Worth?
The average annual salary of Loan Collection Clerk III is $54,484. In case you are finding an easy salary calculator, the average hourly pay of Loan Collection Clerk III is $26; the average weekly pay of Loan Collection Clerk III is $1,048; the average monthly pay of Loan Collection Clerk III is $4,540.
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 $68,377.
The highest pay for Loan Collection Clerk III is $61,976.
The lowest pay for Loan Collection Clerk III is $44,944.
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. Being a Loan Collection Clerk III requires a high school diploma or equivalent. Typically reports to a supervisor. The Loan Collection Clerk III works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Loan Collection Clerk III typically requires 3-5 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.
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.
