Loan Collector Consumer salary in Iceland

Average Yearly Salary of Loan Collector Consumer in Iceland is approximately 8,366,442 ISK (58,359 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Loan Collector Consumer do?

A loan collector commercial is responsible for managing and collecting outstanding debts from individuals or businesses. They work for financial institutions, credit agencies, or debt collection agencies. The primary role of a loan collector commercial is to contact borrowers through various means such as phone calls, emails, or letters to negotiate repayment plans and recover overdue payments. They must have excellent communication and negotiation skills to handle difficult conversations and resolve disputes effectively. Additionally, they need to maintain accurate records of all interactions, update customer information, and follow legal guidelines and regulations related to debt collection.

Skills: Loan collector, Debt recovery, Financial services, Credit agency, Debt collection agency, Negotiation skills
Job industry: Finance

How much does Loan Collector Consumer make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Loan Collector Consumer a well paid job?

Yes, our data show that Loan Collector Consumer is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Loan Collector Consumer?

High salary for Loan Collector Consumer would be somewhere between 9,203,086 ISK and 12,131,341 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Loan Collector Consumer in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 8,366,442 ISK
Estimated Monthly Salary: 697,204 ISK
Estimated Weekly Salary: 160,893 ISK per week
Estimated Hourly Salary: 4,022 ISK per hour
By working as Loan Collector Consumer a person can save up to 2,134 USD per month or 25,613 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Loan Collector Consumer

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

Random salary:
Clinical research monitor (9,094,231 ISK per year, pre-tax.)
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