Debt collector vs senior collector

The differences between debt collectors and senior 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 senior collector. Additionally, a senior collector has an average salary of $85,626, 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 senior collector are customer service, payment arrangements, and past due accounts.

Debt collector vs senior collector overview

	Debt Collector	Senior Collector
Yearly salary	$33,865	$85,626
Hourly rate	$16.28	$41.17
Growth rate	-8%	-8%
Number of jobs	23,385	5,614
Job satisfaction	-	-
Most common degree	High School Diploma, 34%	Bachelor's Degree, 41%
Average age	46	46
Years of experience	12	12

Debt collector vs senior collector salary

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

	Debt Collector	Senior Collector
Average salary	$33,865	$85,626
Salary range	Between $26,000 And $43,000	Between $50,000 And $145,000
Highest paying City	San Francisco, CA	-
Highest paying state	California	-
Best paying company	Mayor Ethan Berkowitz	-
Best paying industry	Construction	-

Differences between debt collector and senior collector education

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

	Debt Collector	Senior Collector
Most common degree	High School Diploma, 34%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	-	-

Debt collector vs senior collector demographics

Here are the differences between debt collectors' and senior collectors' demographics:

	Debt Collector	Senior Collector
Average age	46	46
Gender ratio	Male, 30.7% Female, 69.3%	Male, 40.1% Female, 59.9%
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, 13.4% Unknown, 4.1% Hispanic or Latino, 20.9% Asian, 3.7% White, 57.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between debt collector and senior collector 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.

Senior collector example responsibilities.

Accomplish the above in compliance with HIPAA regulations.
Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Record CPT codes and ICD-9 codes on billing forms.
Develop and pursue collection strategies to reduce the DSO.
Process credit cards, purchase cards, ACH payments.
Used the Medicaid web portal to check claim status and eligibility.

Debt collector vs senior collector skills

Common debt collector skills

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

Common senior collector skills

Customer Service, 16%
Payment Arrangements, 13%
Past Due Accounts, 6%
Debt Repayment, 5%
Loss Mitigation, 5%
FDCPA, 4%