Post job

Debt collector vs collection team lead

The differences between debt collectors and collection team leads 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 a collection team lead. Additionally, a collection team lead has an average salary of $68,868, 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 a collection team lead are customer service, credit card, and delinquent accounts.

Debt collector vs collection team lead overview

Debt CollectorCollection Team Lead
Yearly salary$33,865$68,868
Hourly rate$16.28$33.11
Growth rate-8%-8%
Number of jobs23,38529,386
Job satisfaction--
Most common degreeHigh School Diploma, 34%Bachelor's Degree, 45%
Average age4646
Years of experience1212

Debt collector vs collection team lead salary

Debt collectors and collection team leads have different pay scales, as shown below.

Debt CollectorCollection Team Lead
Average salary$33,865$68,868
Salary rangeBetween $26,000 And $43,000Between $48,000 And $98,000
Highest paying CitySan Francisco, CA-
Highest paying stateCalifornia-
Best paying companyMayor Ethan Berkowitz-
Best paying industryConstruction-

Differences between debt collector and collection team lead education

There are a few differences between a debt collector and a collection team lead in terms of educational background:

Debt CollectorCollection Team Lead
Most common degreeHigh School Diploma, 34%Bachelor's Degree, 45%
Most common majorBusinessBusiness
Most common college--

Debt collector vs collection team lead demographics

Here are the differences between debt collectors' and collection team leads' demographics:

Debt CollectorCollection Team Lead
Average age4646
Gender ratioMale, 30.7% Female, 69.3%Male, 42.9% Female, 57.1%
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, 13.0% Unknown, 4.0% Hispanic or Latino, 18.9% Asian, 3.6% White, 59.9% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between debt collector and collection team lead 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

Collection team lead example responsibilities.

  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Receive and distribute ACH forms receive form all lots.
  • Assist consumers in money and behavior managements and ensures HIPAA compliance
  • Collect monies from Medicaid, Medicare, VA and various other third party payers.
  • Perform insurance follow up on account receivables of Medicare, Medicaid and private health insurance claims to expedite claim reimbursement.
  • Negotiate payments resolutions for delinquent customers to become current while using professionalism, and adhering to all applicable FDCPA collection laws.
  • Show more

Debt collector vs collection team lead skills

Common debt collector skills
  • Customer Service, 9%
  • Outbound Calls, 9%
  • Payment Arrangements, 8%
  • Delinquent Accounts, 8%
  • Credit Card Payments, 6%
  • FDCPA, 5%
Common collection team lead skills
  • Customer Service, 14%
  • Credit Card, 7%
  • Delinquent Accounts, 6%
  • Payment Arrangements, 6%
  • FDCPA, 4%
  • Debt Repayment, 4%

Browse office and administrative jobs