Credit adjuster vs claims adjuster

The differences between credit adjusters and claims adjusters can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a credit adjuster, becoming a claims adjuster takes usually requires 2-4 years. Additionally, a claims adjuster has an average salary of $51,116, which is higher than the $40,686 average annual salary of a credit adjuster.

The top three skills for a credit adjuster include credit card, auto loans and delinquent accounts. The most important skills for a claims adjuster are insurance carriers, auto claims, and customer service.

Credit adjuster vs claims adjuster overview

	Credit Adjuster	Claims Adjuster
Yearly salary	$40,686	$51,116
Hourly rate	$19.56	$24.57
Growth rate	-8%	-6%
Number of jobs	13,826	13,221
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 66%
Average age	46	44
Years of experience	12	4

Credit adjuster vs claims adjuster salary

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

	Credit Adjuster	Claims Adjuster
Average salary	$40,686	$51,116
Salary range	Between $28,000 And $57,000	Between $40,000 And $64,000
Highest paying City	-	Los Angeles, CA
Highest paying state	-	New Jersey
Best paying company	-	Merchants Insurance Group
Best paying industry	-	Insurance

Differences between credit adjuster and claims adjuster education

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

	Credit Adjuster	Claims Adjuster
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	-	Stanford University

Credit adjuster vs claims adjuster demographics

Here are the differences between credit adjusters' and claims adjusters' demographics:

	Credit Adjuster	Claims Adjuster
Average age	46	44
Gender ratio	Male, 33.8% Female, 66.2%	Male, 45.1% Female, 54.9%
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, 4.4% Hispanic or Latino, 16.8% Asian, 5.2% White, 61.2% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	10%

Differences between credit adjuster and claims adjuster 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.

Claims adjuster example responsibilities.

Achieve targeted performance goals to manage costs and support Allstate's industry-leading operational standards.
Maintain a full caseload of WC files for a Louisiana customer, for six months, while managing this team.
Manage California branch operations including supervision of 5 WC adjusting and support staff
Apply strong customer service, organizational and multitasking skills to efficiently manage auto insurance claims.
Manage strict confidentiality of documents and comply with HIPAA regulations stipulate by the facility and government.
Manage file inventory by utilizing CCC pathways diary system documenting claim file activities in accordance with establish procedures

Credit adjuster vs claims adjuster skills

Common credit adjuster skills

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

Common claims adjuster skills

Insurance Carriers, 13%
Auto Claims, 8%
Customer Service, 8%
Litigation, 7%
Xactimate, 6%
Claims Handling, 5%