How Much Does a Loan Collector Make in Chicago, IL?

Updated April 01, 2025
As of April 01, 2025, the average annual pay of Loan Collector in Chicago, IL is $46,663. While Salary.com is seeing that Loan Collector salary in Chicago, IL can go up to $54,540 or down to $38,894, but most earn between $42,596 and $50,786. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Loan Collector
Consumer Loan Collector, Senior
$49,400
Chicago, IL
Per Year
Consumer Loan Collector, Entry
$40,900
Chicago, IL
Per Year
Consumer Loan Collector, Experienced
$42,700
Chicago, IL
Per Year
Consumer Loan Collector III
$49,392
Chicago, IL
Per Year
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Similar Job Salaries to Loan Collector by Company

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Company average base salary in (usd) range
$53,527/yr
$48,388
$58,667
RANGE: $48,388 - $58,667
WESTAMERICA BANK
Consumer Loan Collector
$50,647/yr
$46,030
$55,265
RANGE: $46,030 - $55,265
Waste Management
Waste Collector
$53,018/yr
$47,904
$58,131
RANGE: $47,904 - $58,131
D&A Services LLC
Collector Trainee
$59,690/yr
$53,723
$65,657
RANGE: $53,723 - $65,657
Prairie State Gaming
Collector/Technician
$42,436/yr
$38,349
$46,524
RANGE: $38,349 - $46,524
Labcorp
Blood Collector
$49,549/yr
$44,744
$54,354
RANGE: $44,744 - $54,354
Labcorp
Medical Collector
$49,590/yr
$43,663
$55,517
RANGE: $43,663 - $55,517
Chicago Collegiate Charter School
Resume Collector - Leadership
$119,557/yr
$105,107
$134,008
RANGE: $105,107 - $134,008
METRO INFECTIOUS DISEASE CONSULTANTS
Infusion Insurance Collector
$96,156/yr
$88,061
$104,252
RANGE: $88,061 - $104,252

Open Loan Collector Jobs in Chicago, IL

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What Does a Loan Collector Do?

A 34-year-old thrift collector, Ebere Mbonu, was brought on Friday before a Yaba chief magistrates’ court in Lagos for allegedly impersonating 18 contributors, using their cards to obtain N1.7m loan without their consent.
Updated December 02, 2021
The collector can't add on any extra fees or interest that your original credit or loan agreement doesn't allow.
Updated November 14, 2021
Sometimes, a collector will provide meaningful information, such as a loan or credit agreement, or a loan history, in response to a verification request, but not always.
Updated October 29, 2021
You also can sell the note to a debt collector, meaning they own the loan and collect the full amount (this is similar to what happens when banks sell loans to each other).
Updated October 10, 2021
If you are thinking of becoming a Loan Collector or planning the next step in your career, find details about.
Updated September 24, 2021

Frequently Asked Questions About a Loan Collector Salaries

What is the average of a Loan Collector in Chicago, IL?

The Loan Collector salary range is from $42,596 to $50,786, and the average Loan Collector salary is $46,663/year in Chicago, IL. The Loan Collector's salary will change in different locations.

Which location pays the highest Loan Collector salary in the United States?

The Loan Collector salary in San Jose, CA is $56,954 which is the highest in the US.

What kinds of reasons will influence the Loan Collector's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Loan Collector.

What is the growth rate of the Loan Collector's salary?

If you are thinking of becoming a Loan Collector or planning the next step in your career, find the detailed salary report of a Loan Collector.