Assign accounts out for repossession to an approved repossession agent. * Completes required applicable paperwork including sending all required Federal and State regulation letters. * Other duties ...
Assign accounts out for repossession to an approved repossession agent. * Completes required applicable paperwork including sending all required Federal and State regulation letters. * Other duties ...
Assign accounts out for repossession to an approved repossession agent. * Completes required applicable paperwork including sending all required Federal and State regulation letters. * Other duties ...
Assign accounts out for repossession to an approved repossession agent. * Completes required applicable paperwork including sending all required Federal and State regulation letters. * Other duties ...
Repossession Agent information
See Utah salary details
$9.19 - $11.16
1% of jobs
$11.16 - $13.13
7% of jobs
$14.74 is the 25th percentile. Wages below this are outliers.
$13.13 - $15.10
20% of jobs
$15.10 - $17.07
18% of jobs
The median wage is $17.40 / hr.
$17.07 - $19.04
19% of jobs
$20.33 is the 75th percentile. Wages above this are outliers.
$19.04 - $21.01
14% of jobs
$21.01 - $22.98
7% of jobs
$22.98 - $24.95
2% of jobs
$24.95 - $26.92
4% of jobs
$26.92 - $28.89
3% of jobs
$28.89 - $30.86
3% of jobs
$9
$19
$30
How much do repossession agent jobs pay per hour?
What is the difference between Repossession Agent vs Field Investigator?
| Aspect | Repossession Agent | Field Investigator |
|---|---|---|
| Credentials | Driver's license, sometimes security or repossession training | Investigation certifications, background checks |
| Work Environment | Fieldwork, often in various locations, sometimes confrontational | Fieldwork, interviews, surveillance |
| Employer & Industry | Loan companies, banks, repossession agencies | Insurance companies, private investigation firms |
| Search & Comparison Intent | Locating and recovering collateral | Gathering information, verifying facts |
While both roles involve fieldwork and require investigative skills, Repossession Agents focus on locating and recovering collateral for lenders, often involving physical recovery. Field Investigators gather information, verify details, and conduct surveillance for various clients. The roles share some credentials and work environments but differ in primary responsibilities and industry focus.
What are some common challenges faced by repossession agents and how can they be managed on the job?
What is a repossession agent?
What are the key skills and qualifications needed to thrive as a repossession agent, and why are they important?
What does a repossession agent do?
As a repossession agent, you participate in the recovery of an asset when someone is overdue on a debt payment. In your job as a repo agent, you may collect the deed to a vehicle or another piece of property, coordinate the transfer of ownership through a bank, and comply with all relevant laws and regulations for the repossession process. You may also help calculate the costs of repossession and help the bank determine the best way to finance complicated repossession efforts. Repossession agents should not be confused with recovery agents, who locate and retrieve people who fail to appear in court, though some people perform both duties.

Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Re-posted 15 days ago
OneMain Financial rating
7.4
Based on 101 frontline employees who took The Breakroom Quiz
118th of 150 rated financial services
Job description
As a Loss Mitigation Specialist/Late Stage Collector, you will review accounts for possible loan restructuring or other workout plans through evaluating customer income and expenses. Restructure loans for maximum likelihood of repayment while meeting all policy, government, and regulatory guidelines. Locate customers using skip tracing tools to collect on deficiency balance.
In the Role
Reviewing and analyzing consumer accounts to identify how the loan can be modified to mitigate loan loss.
Answering incoming calls and speaking with customers to work out a mutually beneficial arrangement.
Preparing written correspondence to be sent to customers to advise of modification opportunity.
Create and review modification documents to be sent to customers.
Audit modification documents to ensure all required information has been received and process modification in servicing system.
Ensure all loan workout plans meet policy guidelines and protect the company for risk.
Maintain and establish new repossession and transport vendor relationships.
Assign accounts out for repossession to an approved repossession agent.
Completes required applicable paperwork including sending all required Federal and State regulation letters.
Other duties as assigned by the Loss Mitigation Team Lead.
Requirements:
Collections 2 years
High school or GED required
Call center experience
Preferred:
- Bilingual (Spanish)
- Great multitasking skills
- Outstanding phone and negotiation skills.
- Detail oriented and quality focused
Location: Onsite in West Valley City, UT
Pay: hourly + bonus potential
Schedule: Monday through Friday from 9:30am-6:00pm with a rotating Saturday every 6-8 weeks
Who we Are
OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we've looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future. Driven collaborators and innovators, our team thrives on transformative digital thinking, customer-first energy and flexible work arrangements that grow lives, careers and our company. At every level, we're committed to an inclusive culture, career development and impacting the communities where we live and work. Getting people to a better place has made us a better company for over a century. There's never been a better time to shine with OneMain. Because team members at their best means OneMain at our best, we provide opportunities and benefits that make their health and careers a priority. That's why we've packed our comprehensive benefits package for full- and some part-timers with:
Health and wellbeing options including medical, prescription, dental, vision, hearing, accident, hospital indemnity, and life insurances
Up to 4% matching 401(k)
Employee Stock Purchase Plan (10% share discount)
Tuition reimbursement
Paid time off (15 days' vacation per year, prorated based on start date)
Paid sick leave as determined by state or local ordinance (prorated based on start date)
11 Paid holidays (4 floating holidays, prorated based on start date)
Paid volunteer time (3 days per year, prorated based on start date)
OneMain Holdings, Inc. is an Equal Employment Opportunity (EEO) employer. Qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship status, color, creed, culture, disability, ethnicity, gender, gender identity or expression, genetic information or history, marital status, military status, national origin, nationality, pregnancy, race, religion, sex, sexual orientation, socioeconomic status, transgender or on any other basis protected by law.
What OneMain Financial employees say
Pay
Benefits
Hours and flexibility
Workplace
Get the full story on Breakroom
About OneMain Financial
Sourced by ZipRecruiter
Industry
Finance and insurance
Company size
5,001 - 10,000 Employees
Headquarters location
Baltimore, MD, US