Loan Collector Salaries in Detroit, MI
How Much Does a Loan Collector Make in Detroit, MI?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Collector in Detroit, MI is $45,159.
While Salary.com is seeing that Loan Collector salary in Detroit, MI can go up to $52,782
or down to $37,640, but most earn between $41,224 and $49,149.
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
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Similar Job Salaries to Loan Collector by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Beaumont Community Credit Union
Loan Collector/Loan Processor
|
$54,872/yr
|
RANGE: $49,423 - $60,321
|
|
Bank Five Nine
Senior Retail Loan Collector
|
$51,329/yr
|
RANGE: $46,398 - $56,259
|
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Ardmore Finance
Loan Processor/Debt Collector
|
$59,894/yr
|
RANGE: $53,865 - $65,923
|
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WESTAMERICA BANK
Consumer Loan Collector
|
$50,647/yr
|
RANGE: $46,030 - $55,265
|
|
Shiloh Screenings LLC
Specimen Collector
|
$51,083/yr
|
RANGE: $44,661 - $57,504
|
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
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Explore JobArchitectFrequently Asked Questions About a Loan Collector Salaries
What is the average of a Loan Collector in Detroit, MI?
The Loan Collector salary range is from $41,224 to $49,149, and the average Loan Collector salary is $45,159/year in Detroit, MI.
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.
