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The differences between collections associates and collectionss, customer service can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a collections associate and a collections, customer service. Additionally, a collections associate has an average salary of $38,589, which is higher than the $32,870 average annual salary of a collections, customer service.
The top three skills for a collections associate include phone calls, customer service and UPC. The most important skills for a collections, customer service are strong customer service, customer service, and payment arrangements.
| Collections Associate | Collections, Customer Service | |
| Yearly salary | $38,589 | $32,870 |
| Hourly rate | $18.55 | $15.80 |
| Growth rate | -8% | -8% |
| Number of jobs | 20,297 | 161,544 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 43% | High School Diploma, 33% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
A collections associate is an individual who acts as a liaison between creditors and customers to collect outstanding payments and negotiates debt payments. Collections associates must contact debtors through telephone to negotiate debt recovery and prevent recurring delinquency. They must enact debt recovery plans and collaborate with other departments on debt collection strategies. They are required to research publicly-available resources such as loan documents and background checks to track down defaulters. They must also initiate legal proceedings when debt recovery fails and send statements of delinquency to the credit bureau.
A collections customer service or collections agent is the person who is in charge of collecting past-due bill payments. Collections agents establish a list of individuals who failed to make their payments. They organize the list based on the severity of their delinquency. It is their task to find the location of the customers through background checks, credit bureau information, and loan documents. Those who are interested in this job should develop skills in intuition, quick thinking, problem-solving, and communication.
Collections associates and collectionss, customer service have different pay scales, as shown below.
| Collections Associate | Collections, Customer Service | |
| Average salary | $38,589 | $32,870 |
| Salary range | Between $23,000 And $63,000 | Between $27,000 And $39,000 |
| Highest paying City | Danbury, CT | Danvers, MA |
| Highest paying state | Alaska | Virginia |
| Best paying company | JPMorgan Chase & Co. | University of California |
| Best paying industry | Finance | Automotive |
There are a few differences between a collections associate and a collections, customer service in terms of educational background:
| Collections Associate | Collections, Customer Service | |
| Most common degree | Bachelor's Degree, 43% | High School Diploma, 33% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between collections associates' and collectionss, customer service' demographics:
| Collections Associate | Collections, Customer Service | |
| Average age | 46 | 46 |
| Gender ratio | Male, 34.4% Female, 65.6% | Male, 29.3% Female, 70.7% |
| Race ratio | Black or African American, 12.3% Unknown, 4.2% Hispanic or Latino, 17.5% Asian, 3.8% White, 61.7% American Indian and Alaska Native, 0.5% | Black or African American, 11.4% Unknown, 4.2% Hispanic or Latino, 20.3% Asian, 3.8% White, 59.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |