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The differences between collections coordinators 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 coordinator and a collections, customer service. Additionally, a collections coordinator has an average salary of $37,938, which is higher than the $32,870 average annual salary of a collections, customer service.
The top three skills for a collections coordinator include customer service, patients and phone calls. The most important skills for a collections, customer service are strong customer service, customer service, and payment arrangements.
| Collections Coordinator | Collections, Customer Service | |
| Yearly salary | $37,938 | $32,870 |
| Hourly rate | $18.24 | $15.80 |
| Growth rate | -8% | -8% |
| Number of jobs | 40,113 | 161,544 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | High School Diploma, 33% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
Usually working alongside a company's account receivables team, a collections coordinator is in charge of developing strategies to optimize the payment collection operations. Among their responsibilities include reaching out to clients through calls or correspondence to remind them of their payment obligations, arranging appointments, processing payments, arranging payment terms, and researching a client's communication information such as cellphone number, address, or email. Moreover, a collections coordinator must maintain an active communication line with staff while promoting and enforcing the company's policies and regulations.
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 coordinators and collectionss, customer service have different pay scales, as shown below.
| Collections Coordinator | Collections, Customer Service | |
| Average salary | $37,938 | $32,870 |
| Salary range | Between $30,000 And $47,000 | Between $27,000 And $39,000 |
| Highest paying City | New York, NY | Danvers, MA |
| Highest paying state | Connecticut | Virginia |
| Best paying company | University of California, Berkeley | University of California |
| Best paying industry | Professional | Automotive |
There are a few differences between a collections coordinator and a collections, customer service in terms of educational background:
| Collections Coordinator | Collections, Customer Service | |
| Most common degree | Bachelor's Degree, 48% | High School Diploma, 33% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between collections coordinators' and collectionss, customer service' demographics:
| Collections Coordinator | Collections, Customer Service | |
| Average age | 46 | 46 |
| Gender ratio | Male, 26.6% Female, 73.4% | Male, 29.3% Female, 70.7% |
| Race ratio | Black or African American, 12.1% Unknown, 4.1% Hispanic or Latino, 20.8% Asian, 3.6% White, 59.0% 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% |