Credit adjuster vs collector

The differences between credit adjusters and 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 collector. Additionally, a credit adjuster has an average salary of $40,686, which is higher than the $34,872 average annual salary of a collector.

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

Credit adjuster vs collector overview

	Credit Adjuster	Collector
Yearly salary	$40,686	$34,872
Hourly rate	$19.56	$16.77
Growth rate	-8%	-8%
Number of jobs	13,826	23,948
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 31%
Average age	46	46
Years of experience	12	12

Credit adjuster vs collector salary

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

	Credit Adjuster	Collector
Average salary	$40,686	$34,872
Salary range	Between $28,000 And $57,000	Between $27,000 And $44,000
Highest paying City	-	Los Angeles, CA
Highest paying state	-	Alaska
Best paying company	-	Uline
Best paying industry	-	Finance

Differences between credit adjuster and collector education

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

	Credit Adjuster	Collector
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 31%
Most common major	Business	Business
Most common college	-	-

Credit adjuster vs collector demographics

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

	Credit Adjuster	Collector
Average age	46	46
Gender ratio	Male, 33.8% Female, 66.2%	Male, 36.0% Female, 64.0%
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, 12.1% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.5% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between credit adjuster and 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.

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.

Credit adjuster vs 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 collector skills

Patients, 14%
Customer Service, 10%
Payment Arrangements, 10%
Excellent Interpersonal, 9%
Delinquent Accounts, 8%
Student Loans, 5%