Account adjuster vs debt collector

The differences between account adjusters and debt collectors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an account adjuster and a debt collector. Additionally, an account adjuster has an average salary of $40,969, which is higher than the $33,865 average annual salary of a debt collector.

The top three skills for an account adjuster include customer service, patient accounts and delinquent accounts. The most important skills for a debt collector are customer service, outbound calls, and payment arrangements.

Account adjuster vs debt collector overview

	Account Adjuster	Debt Collector
Yearly salary	$40,969	$33,865
Hourly rate	$19.70	$16.28
Growth rate	-8%	-8%
Number of jobs	61,766	23,385
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 49%	High School Diploma, 34%
Average age	46	46
Years of experience	12	12

Account adjuster vs debt collector salary

Account adjusters and debt collectors have different pay scales, as shown below.

	Account Adjuster	Debt Collector
Average salary	$40,969	$33,865
Salary range	Between $24,000 And $68,000	Between $26,000 And $43,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Mayor Ethan Berkowitz
Best paying industry	-	Construction

Differences between account adjuster and debt collector education

There are a few differences between an account adjuster and a debt collector in terms of educational background:

	Account Adjuster	Debt Collector
Most common degree	Bachelor's Degree, 49%	High School Diploma, 34%
Most common major	Business	Business
Most common college	-	-

Account adjuster vs debt collector demographics

Here are the differences between account adjusters' and debt collectors' demographics:

	Account Adjuster	Debt Collector
Average age	46	46
Gender ratio	Male, 38.9% Female, 61.1%	Male, 30.7% Female, 69.3%
Race ratio	Black or African American, 11.8% Unknown, 4.1% Hispanic or Latino, 19.3% Asian, 4.1% White, 60.2% American Indian and Alaska Native, 0.5%	Black or African American, 12.2% Unknown, 4.0% Hispanic or Latino, 20.0% Asian, 3.4% White, 59.9% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between account adjuster and debt collector duties and responsibilities

Account adjuster example responsibilities.

Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
Provide assistance regards to trouble shooting, account status, miss invoice and account reconciliation.
Resolve all invoice and sales order processing issues that relate in amounts due to/from all customers.
Determine presumptive Medicare and/or Medicaid eligibility.
Used ACCURINT software to maintain and update files.
Search Lexus/Nexus Accurint database to locate customer.

Debt collector example responsibilities.

Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
Work with FHA, obama programs at the time.
Educate customers on ways to get medical assistance such as Medicaid, Medicare etc.
Prevent foreclosure by putting people on repayment plans, submitting requests for modifications, or deed in lieu.
File Medicaid, Medicare and commercial claims consisting of PPO discounts, nurse practitioner discounts, humanitarian discounts, etc.
Maintain security and confidentiality of company and client information, following FDCPA regulations.

Account adjuster vs debt collector skills

Common account adjuster skills

Customer Service, 16%
Patient Accounts, 13%
Delinquent Accounts, 9%
Payment Arrangements, 8%
Inbound Calls, 6%
Credit Reports, 6%

Common debt collector skills

Customer Service, 9%
Outbound Calls, 9%
Payment Arrangements, 8%
Delinquent Accounts, 8%
Credit Card Payments, 6%
FDCPA, 5%