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Debt collector vs account representative

The differences between debt collectors and account representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a debt collector and an account representative. Additionally, an account representative has an average salary of $36,977, which is higher than the $33,865 average annual salary of a debt collector.

The top three skills for a debt collector include customer service, outbound calls and payment arrangements. The most important skills for an account representative are customer service, patients, and patient accounts.

Debt collector vs account representative overview

Debt CollectorAccount Representative
Yearly salary$33,865$36,977
Hourly rate$16.28$17.78
Growth rate-8%-8%
Number of jobs23,385183,446
Job satisfaction--
Most common degreeHigh School Diploma, 34%Bachelor's Degree, 52%
Average age4646
Years of experience1212

What does a debt collector do?

Debt collectors are also known as collection agencies and are responsible for recovering past due debts. Most of them are hired by companies to collect debt either for a fee or a percentage of the total amount recovered. Also, some debt collectors buy delinquent debts at a discount and seek to collect the debt's full amount. They have many strategies to collect debts, including calling debtor's phones, sending letters, and even visiting them at their home. However, if debtors fail to pay their due, debt collectors can either update the debtor's credit report or sue them over debt. Once sued and debtors ignore court hearings and lose by default, results could either be garnishment on debtor'debtors' wages or levies on their bank.

What does an account representative do?

Account representatives are employees who manage client accounts and act as the main contact of the clients they are handling. They maintain existing accounts by updating client details regularly. They also check up on clients to see if they are still satisfied with the products or services of the company. They also create new accounts by welcoming new clients and assisting them in their needs. Account representatives manage client inquiries and process client requests. They also address complaints and ensure that any challenges are mitigated and that clients remain with the company.

Debt collector vs account representative salary

Debt collectors and account representatives have different pay scales, as shown below.

Debt CollectorAccount Representative
Average salary$33,865$36,977
Salary rangeBetween $26,000 And $43,000Between $26,000 And $51,000
Highest paying CitySan Francisco, CALos Angeles, CA
Highest paying stateCaliforniaCalifornia
Best paying companyMayor Ethan BerkowitzNew Relic
Best paying industryConstructionFinance

Differences between debt collector and account representative education

There are a few differences between a debt collector and an account representative in terms of educational background:

Debt CollectorAccount Representative
Most common degreeHigh School Diploma, 34%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common college--

Debt collector vs account representative demographics

Here are the differences between debt collectors' and account representatives' demographics:

Debt CollectorAccount Representative
Average age4646
Gender ratioMale, 30.7% Female, 69.3%Male, 33.6% Female, 66.4%
Race ratioBlack 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%Black or African American, 12.5% Unknown, 4.2% Hispanic or Latino, 17.3% Asian, 3.9% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between debt collector and account representative duties and responsibilities

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.
  • Show more

Account representative example responsibilities.

  • Manage all billing accounts including Medicare/Medicaid, HMO and individual accounts.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
  • Educate physicians to use current ICD-9 diagnostic coding and preparation to begin ICD-10 coding requirements.
  • Analyze health care insurance/litigation patient account files to resolve outstanding and delinquent accounts due to the healthcare client.
  • Promote ThermoCool SmartTouch ablation catheter device to electrophysiologists.
  • Show more

Debt collector vs account representative skills

Common debt collector skills
  • Customer Service, 9%
  • Outbound Calls, 9%
  • Payment Arrangements, 8%
  • Delinquent Accounts, 8%
  • Credit Card Payments, 6%
  • FDCPA, 5%
Common account representative skills
  • Customer Service, 21%
  • Patients, 18%
  • Patient Accounts, 5%
  • Data Entry, 3%
  • Medicaid, 3%
  • Customer Satisfaction, 3%

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