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Commercial Loan Collector
$59,700 (USD)/yr
$28.70 (USD)/hr
$1,898 (USD)/yr
The average commercial loan collector gross salary in Louisiana, United States is $59,700 or an equivalent hourly rate of $29. This is 11% lower (-$7,532) than the average commercial loan collector salary in the United States. In addition, they earn an average bonus of $1,898. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Louisiana, United States. An entry level commercial loan collector (1-3 years of experience) earns an average salary of $43,000. On the other end, a senior level commercial loan collector (8+ years of experience) earns an average salary of $73,549.
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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
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Salary Potential
$67,059 (USD)
12 %
Based on our compensation data, the estimated salary potential for Commercial Loan Collector will increase 12 % over 5 years.
Most Popular Skills for Commercial Loan Collector
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Education data not available for this job
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State Overview
The cost of living in Louisiana, United States is 15% less than the average cost of living in the United States. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
View Cost of Living PageLouisiana (French: Louisiane [lwizjan] ; Spanish: Luisiana [lwiˈsjana]; Louisiana Creole: Lwizyàn) is a state in the Deep South and South Central regions of the United States. It borders Texas to the west, Arkansas to the north, and Mississippi to the east. Of the 50 U.S. states, it ranks 20th in land area and the 25th in population, with roughly 4.6 million residents. Reflecting its French heritage, Louisiana is the only U.S. state with political subdivisions termed parishes, which are equivalent...
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Job Description
Writes letter to customer to demand payment of loan balance. Calls or visits with customer to determine if repayment plan can be established. Reviews files of commercial loans in default to determine collateral held by bank. Initiates collateral liquidation when customer does not repay loan.
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Disclaimer
This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Most Popular Skills for Commercial Loan Collector
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