Credit adjuster vs bill collector

The differences between credit adjusters and bill 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 credit adjuster and a bill collector. Additionally, a credit adjuster has an average salary of $40,686, which is higher than the $35,585 average annual salary of a bill collector.

The top three skills for a credit adjuster include credit card, auto loans and delinquent accounts. The most important skills for a bill collector are patients, customer service, and medicaid.

Credit adjuster vs bill collector overview

	Credit Adjuster	Bill Collector
Yearly salary	$40,686	$35,585
Hourly rate	$19.56	$17.11
Growth rate	-8%	-8%
Number of jobs	13,826	23,746
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	High School Diploma, 27%
Average age	46	46
Years of experience	12	12

Credit adjuster vs bill collector salary

Credit adjusters and bill collectors have different pay scales, as shown below.

	Credit Adjuster	Bill Collector
Average salary	$40,686	$35,585
Salary range	Between $28,000 And $57,000	Between $30,000 And $40,000
Highest paying City	-	Pittsfield, MA
Highest paying state	-	Virginia
Best paying company	-	Retina Group Of Washington
Best paying industry	-	Finance

Differences between credit adjuster and bill collector education

There are a few differences between a credit adjuster and a bill collector in terms of educational background:

	Credit Adjuster	Bill Collector
Most common degree	Bachelor's Degree, 45%	High School Diploma, 27%
Most common major	Business	Business
Most common college	-	-

Credit adjuster vs bill collector demographics

Here are the differences between credit adjusters' and bill collectors' demographics:

	Credit Adjuster	Bill Collector
Average age	46	46
Gender ratio	Male, 33.8% Female, 66.2%	Male, 20.0% Female, 80.0%
Race ratio	Black or African American, 11.1% Unknown, 4.0% Hispanic or Latino, 18.8% Asian, 3.6% White, 62.0% American Indian and Alaska Native, 0.5%	Black or African American, 11.8% Unknown, 4.0% Hispanic or Latino, 24.0% Asian, 3.5% White, 56.3% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between credit adjuster and bill collector duties and responsibilities

Credit adjuster example responsibilities.

Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
Perform collections activities on delinquent loan accounts to include repossessions, foreclosures, bankruptcy proceedings, and disposition of repossess assets.
Prepare SBA require purchase/demand packets and wrap-up reports ensuring awareness of government compliance processes and expectations.

Bill collector example responsibilities.

Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
Follow HIPPA and FDCPA guidelines to ensure legal collection practices are utilized.
Bill and collect all skil Medicare, and other insurance claims which include HMO claims denials.
Provide patients with information and resources essential to their financial needs including payment arrangements and account reminders.
Take payments by ACH and debit cards.
Collect A/R payments from medical insurance companies and customers.

Credit adjuster vs bill collector skills

Common credit adjuster skills

Credit Card, 16%
Auto Loans, 15%
Delinquent Accounts, 15%
Outbound Calls, 11%
Customer Accounts, 10%
Mortgage Loans, 10%

Common bill collector skills

Patients, 19%
Customer Service, 7%
Medicaid, 6%
Medical Billing, 4%
Patient Accounts, 4%
Appeals, 4%