Collector lead vs debt collector

The differences between collector leads 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 a collector lead and a debt collector. Additionally, a collector lead has an average salary of $99,625, which is higher than the $33,865 average annual salary of a debt collector.

The top three skills for a collector lead include customer service, collection calls and payment arrangements. The most important skills for a debt collector are customer service, outbound calls, and payment arrangements.

Collector lead vs debt collector overview

	Collector Lead	Debt Collector
Yearly salary	$99,625	$33,865
Hourly rate	$47.90	$16.28
Growth rate	-8%	-8%
Number of jobs	6,919	23,385
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 39%	High School Diploma, 34%
Average age	46	46
Years of experience	12	12

Collector lead vs debt collector salary

Collector leads and debt collectors have different pay scales, as shown below.

	Collector Lead	Debt Collector
Average salary	$99,625	$33,865
Salary range	Between $63,000 And $155,000	Between $26,000 And $43,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	Connecticut	California
Best paying company	Accenture	Mayor Ethan Berkowitz
Best paying industry	-	Construction

Differences between collector lead and debt collector education

There are a few differences between a collector lead and a debt collector in terms of educational background:

	Collector Lead	Debt Collector
Most common degree	Bachelor's Degree, 39%	High School Diploma, 34%
Most common major	Business	Business
Most common college	-	-

Collector lead vs debt collector demographics

Here are the differences between collector leads' and debt collectors' demographics:

	Collector Lead	Debt Collector
Average age	46	46
Gender ratio	Male, 40.5% Female, 59.5%	Male, 30.7% Female, 69.3%
Race ratio	Black or African American, 11.7% Unknown, 4.1% Hispanic or Latino, 21.2% Asian, 3.7% White, 58.8% 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 collector lead and debt collector duties and responsibilities

Collector lead example responsibilities.

Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Assist department manager in hiring & training new team members on company expectations & FDCPA laws.
Exceed monthly goals set by the client while following all guidelines with state laws and FDCPA.
Complete monthly A/R account reconciliations with minimal reconciling items requiring resolution.
Coordinate monthly inter-company A/R position with multiple operating units around the world.
Utilize communication and negotiation skills to understand the customer s specific situation and assist them with determining the best repayment solution.

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.

Collector lead vs debt collector skills

Common collector lead skills

Customer Service, 16%
Collection Calls, 9%
Payment Arrangements, 7%
Credit Card Accounts, 6%
Delinquent Accounts, 6%
Outbound Calls, 5%

Common debt collector skills

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