Credit adjuster vs debt collector

The differences between credit adjusters 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 credit adjuster and a debt collector. Additionally, a credit adjuster has an average salary of $40,686, which is higher than the $33,865 average annual salary of a debt collector.

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

Credit adjuster vs debt collector overview

	Credit Adjuster	Debt Collector
Yearly salary	$40,686	$33,865
Hourly rate	$19.56	$16.28
Growth rate	-8%	-8%
Number of jobs	13,826	23,385
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	High School Diploma, 34%
Average age	46	46
Years of experience	12	12

Credit adjuster vs debt collector salary

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

	Credit Adjuster	Debt Collector
Average salary	$40,686	$33,865
Salary range	Between $28,000 And $57,000	Between $26,000 And $43,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Mayor Ethan Berkowitz
Best paying industry	-	Construction

Differences between credit adjuster and debt collector education

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

	Credit Adjuster	Debt Collector
Most common degree	Bachelor's Degree, 45%	High School Diploma, 34%
Most common major	Business	Business
Most common college	-	-

Credit adjuster vs debt collector demographics

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

	Credit Adjuster	Debt Collector
Average age	46	46
Gender ratio	Male, 33.8% Female, 66.2%	Male, 30.7% Female, 69.3%
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, 12.2% 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 credit adjuster and debt 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.

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.

Credit adjuster vs debt 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 debt collector skills

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