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Collateral Recovery Jobs in California (NOW HIRING)

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Collateral Recovery information

See California salary details

$18

$28

$47

How much do collateral recovery jobs pay per hour?

As of Sep 7, 2026, the average hourly pay for collateral recovery in California is $28.32, according to ZipRecruiter salary data. Most workers in this role earn between $18.99 and $37.98 per hour, depending on experience, location, and employer.

What is collateral recovery?

Collateral recovery is the process of reclaiming property or assets that have been used as collateral for a loan when the borrower defaults on their payments. This often involves repossessing items like vehicles, boats, or equipment to satisfy the terms of a loan agreement. Collateral recovery agents work on behalf of lenders or financial institutions to locate, secure, and return these assets in accordance with state and federal laws. Their work helps protect lenders from losses due to unpaid loans. The process must be handled professionally and legally to avoid liability or conflicts.

What are the key skills and qualifications needed to thrive as a collateral recovery agent, and why are they important?

To thrive as a Collateral Recovery Agent, you need a thorough understanding of repossession laws, investigative skills, and often a high school diploma or equivalent. Familiarity with skip tracing software, GPS tracking systems, and sometimes state-issued recovery agent licenses are typically required. Strong interpersonal skills, discretion, and conflict resolution abilities help agents handle tense situations professionally. These skills are crucial for ensuring the safe, legal, and efficient recovery of collateral while minimizing risk and maintaining compliance.

What are some typical challenges faced by professionals in collateral recovery, and how can they effectively address these situations?

Professionals in Collateral Recovery often encounter challenges such as dealing with evasive debtors, working in unpredictable environments, and managing stressful interactions. To address these situations, it's important to maintain strong communication skills, adhere strictly to legal and ethical guidelines, and remain calm under pressure. Building rapport with debtors and collaborating closely with team members and legal counsel can help ensure safe and successful recoveries. Continuous training and staying updated on industry regulations also contribute to effective problem-solving in the field.

What is the difference between Collateral Recovery vs Repo Agent?

AspectCollateral RecoveryRepo Agent
CredentialsTypically requires repossession training, sometimes licensingRequires repossession training, licensing varies by state
Work EnvironmentFieldwork involving vehicle or asset retrievalFieldwork involving vehicle or asset retrieval
Industry UsageUsed in finance, lending, and collateral managementCommonly used in auto finance and leasing
Search & Comparison IntentOften compared for repossession roles in financeOften compared with collateral recovery roles

Collateral Recovery and Repo Agent roles both involve retrieving assets like vehicles or equipment. While they share similar credentials and work environments, collateral recovery often encompasses broader asset types and may involve more complex recovery processes. Both roles are vital in finance and lending industries, with overlapping skills and responsibilities.

What are popular job titles related to Collateral Recovery jobs in California?

For Collateral Recovery jobs in California, the most frequently searched job titles are:

What job categories do people searching Collateral Recovery jobs in California look for?

The top searched job categories for Collateral Recovery jobs in California are:

Collateral Recovery jobs near you
Infographic showing various Collateral Recovery job openings in California as of August 2026, with employment types broken down into 2% As Needed, 77% Full Time, 19% Part Time, and 2% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $58,911 per year, or $28.3 per hour.

Recovery Specialist Sr-Hybrid

Logix Federal Credit Union

Valencia, CA • On-site

$30.71 - $46.06/hr

Full-time

Posted 19 days ago

Logix Federal Credit Union rating

8.5

Company rating: 8.5 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

Overview
The Recovery Specialist Sr. recovers charged-off consumer loan losses on behalf of Logix. Locates and contacts members whose accounts were previously charged-off and deemed uncollectable to attempt to make arrangements for repayment, including negotiating potential settlement agreements. Establishes and follows up on repayment schedules on accounts where applicable for debt repayment based on member financial situations, including negotiating potential lump sum settlement agreements. Evaluates charged- off consumer loan losses for potential assignment to outside counsel, repossession, collection agency, or post judgment recovery.
Responsibilities
  • Contacts members of charged-off loans for the purpose of recovering charged-off dollars and mitigating losses.
  • Establishes repayment schedules on accounts where applicable for debt repayment based on member financial situations, including negotiating potential lump sum settlement agreements.
  • Utilizes credit reports and skip tracing tools when needed to locate customers and update account information, when applicable.
  • Assesses charged-off consumer loan losses for collectability and evaluates accounts for potential assignment to outside counsel, repossession, or collection agency.
  • Reviews and follows up on Impound and Lien Sale Notices on previously charged-off and unlocated collateral to determine whether value of vehicle exceed fees for recovery and assigns to repossession desk, if applicable.
  • Utilizes Charged-off Member Collateral report to locate previously charged-off unlocated collateral and/or members.
  • Assists with locating member employment information and assets for post judgment recovery.
  • Assists the Manager in assigning accounts to collection agencies and/or external legal counsels; provides tracking reports to assist in monitoring recovery progress.
  • Prepares, gathers and organizes post charge-off account file information in preparation for asset sales.
  • Coordinates reporting to credit bureaus, Chex-Systems, and appropriate parties on account updates and settlement arrangements.
  • Communicates and negotiates settlement and payment agreement within established guidelines; adhere to all pertinent federal and state regulations at all time.
  • Assists in developing, implementing, and maintaining effective operational procedures to maximize efficiency and quality of work to provide consistent quality service to members.
  • Coordinates, monitors, and maintains effective collection procedures.
  • Assists with answering general collection questions from members and staff regarding loan payments and past due notices.
  • Prepares forms, form letters, reports, and correspondence for collections purposes.
  • Reviews requests for credit information and for corrections on credit files of members.
  • Reviews accounts assigned to collectors where action beyond routine collection procedures must be approved.
  • Works with peers and leadership from different functions and has an impact across the department.

Qualifications
Education
  • Min/Preferred: Preferred
  • Education Level: 4 Year / Bachelors Degree
  • Description: Bachelors' degree preferred.

Experience
  • Minimum Years of Experience: 6
  • Preferred Years of Experience: 8
  • Comments:
  • 6-8 years of collections experience
  • At least 1 year of repossession experience preferred

Knowledge, Skills & Ability
  • Knowledge of the legal aspects of collection, bankruptcy and repossession; knowledge of the Fair Debt Collection Practices Act.
  • Knowledge of online collection systems software and the Microsoft suite of office products.
  • Own and solve complex tasks that are part of a large project and lead small projects on their own.

Disclaimer
Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.
Pay Range
USD $30.71 - USD $46.06 /Hr.

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