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The differences between debt collectors and medical 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 debt collector and a medical collector. Additionally, a medical collector has an average salary of $36,235, 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 medical collector are patients, healthcare, and customer service.
| Debt Collector | Medical Collector | |
| Yearly salary | $33,865 | $36,235 |
| Hourly rate | $16.28 | $17.42 |
| Growth rate | -8% | -8% |
| Number of jobs | 23,385 | 73,797 |
| Job satisfaction | - | - |
| Most common degree | High School Diploma, 34% | Bachelor's Degree, 24% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
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.
A medical collector deals with collection of bills related to medical services. They handle healthcare-related debt, collect patient insurance information, and develop repayment plans to accommodate debtors that are unable to settle their accounts. Qualifications for this position include knowledge of accounting and training in insurance, business or finance.
Debt collectors and medical collectors have different pay scales, as shown below.
| Debt Collector | Medical Collector | |
| Average salary | $33,865 | $36,235 |
| Salary range | Between $26,000 And $43,000 | Between $30,000 And $42,000 |
| Highest paying City | San Francisco, CA | Arlington Heights, IL |
| Highest paying state | California | Illinois |
| Best paying company | Mayor Ethan Berkowitz | Addison Group |
| Best paying industry | Construction | Finance |
There are a few differences between a debt collector and a medical collector in terms of educational background:
| Debt Collector | Medical Collector | |
| Most common degree | High School Diploma, 34% | Bachelor's Degree, 24% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between debt collectors' and medical collectors' demographics:
| Debt Collector | Medical Collector | |
| Average age | 46 | 46 |
| Gender ratio | Male, 30.7% Female, 69.3% | Male, 18.0% Female, 82.0% |
| Race ratio | 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% | Black or African American, 13.6% Unknown, 3.9% Hispanic or Latino, 22.6% Asian, 3.3% White, 56.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |