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Collector vs collections, customer service

The differences between collectors 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 collector and a collections, customer service. Additionally, a collector has an average salary of $34,872, which is higher than the $32,870 average annual salary of a collections, customer service.

The top three skills for a collector include patients, customer service and payment arrangements. The most important skills for a collections, customer service are strong customer service, customer service, and payment arrangements.

Collector vs collections, customer service overview

CollectorCollections, Customer Service
Yearly salary$34,872$32,870
Hourly rate$16.77$15.80
Growth rate-8%-8%
Number of jobs23,948161,544
Job satisfaction--
Most common degreeBachelor's Degree, 31%High School Diploma, 33%
Average age4646
Years of experience1212

What does a collector do?

Collectors are responsible for monitoring and providing immediate actions for client accounts with overdue payments. Collectors must be able to contact clients through phone or e-mail. A collector's duty also includes negotiating on payment procedures and offering repayment plans and alternative payment solutions to free the debt. Collectors need to document any agreements made to the client, updating and verifying contact information, resolving account discrepancies and client complaints, and report escalated concerns to the management.

What does a collections, customer service do?

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.

Collector vs collections, customer service salary

Collectors and collectionss, customer service have different pay scales, as shown below.

CollectorCollections, Customer Service
Average salary$34,872$32,870
Salary rangeBetween $27,000 And $44,000Between $27,000 And $39,000
Highest paying CityLos Angeles, CADanvers, MA
Highest paying stateAlaskaVirginia
Best paying companyUlineUniversity of California
Best paying industryFinanceAutomotive

Differences between collector and collections, customer service education

There are a few differences between a collector and a collections, customer service in terms of educational background:

CollectorCollections, Customer Service
Most common degreeBachelor's Degree, 31%High School Diploma, 33%
Most common majorBusinessBusiness
Most common college--

Collector vs collections, customer service demographics

Here are the differences between collectors' and collectionss, customer service' demographics:

CollectorCollections, Customer Service
Average age4646
Gender ratioMale, 36.0% Female, 64.0%Male, 29.3% Female, 70.7%
Race ratioBlack or African American, 12.1% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.5% 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 Percentage8%8%

Differences between collector and collections, customer service duties and responsibilities

Collector example responsibilities.

  • Manage patient focuse reports, collection modules, provider/facility A/R, collections, patient discharge letters.
  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Provide customer service via telephone and correspondence for patients and authorize representatives regarding outstanding patient accounts in accordance with facility protocol.
  • Verify and run eligibility on the following insurance, Medi-Cal, Medi-Cal HMO, Medicare, Medicare HMO.
  • Provide excellent customer service while following HIPPA confidentiality laws.
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Collections, customer service example responsibilities.

  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Provide excellent verbal, written, oral communication skills, attend ongoing training of collections and FDCPA regulations and guidelines.
  • Provide excellent interpersonal, negotiation, and customer service skills via telephone.
  • Research accounts to verify credits and debits make are accurately post against supporting documents showing timely reflect within the FDCPA guidelines.
  • Prevent impending loss and increase profitability through negotiation and enforcement of schedule collection campaigns.
  • Submit additional information request by insurance companies such as medical records, primary/secondary insurance explanation of benefits (EOB).
  • Show more

Collector vs collections, customer service skills

Common collector skills
  • Patients, 14%
  • Customer Service, 10%
  • Payment Arrangements, 10%
  • Excellent Interpersonal, 9%
  • Delinquent Accounts, 8%
  • Student Loans, 5%
Common collections, customer service skills
  • Strong Customer Service, 45%
  • Customer Service, 12%
  • Payment Arrangements, 5%
  • Credit Card Payments, 4%
  • Delinquent Accounts, 4%
  • Past Due Accounts, 3%

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