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Debt counselor vs collection team lead

The differences between debt counselors and collection team leads can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a debt counselor, becoming a collection team lead takes usually requires 6-12 months. Additionally, a collection team lead has an average salary of $68,868, which is higher than the $37,932 average annual salary of a debt counselor.

The top three skills for a debt counselor include outbound calls, inbound calls and customer service. The most important skills for a collection team lead are customer service, credit card, and delinquent accounts.

Debt counselor vs collection team lead overview

Debt CounselorCollection Team Lead
Yearly salary$37,932$68,868
Hourly rate$18.24$33.11
Growth rate-8%-8%
Number of jobs27,25829,386
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 45%
Average age4546
Years of experience212

Debt counselor vs collection team lead salary

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

Debt CounselorCollection Team Lead
Average salary$37,932$68,868
Salary rangeBetween $27,000 And $51,000Between $48,000 And $98,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between debt counselor and collection team lead education

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

Debt CounselorCollection Team Lead
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 45%
Most common majorBusinessBusiness
Most common college--

Debt counselor vs collection team lead demographics

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

Debt CounselorCollection Team Lead
Average age4546
Gender ratioMale, 46.8% Female, 53.2%Male, 42.9% Female, 57.1%
Race ratioBlack or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.1% White, 63.4% 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 counselor and collection team lead duties and responsibilities

Debt counselor example responsibilities.

  • Manage patient focuse reports, collection modules, provider/facility A/R, collections, patient discharge letters.
  • Comply with all of the FDCPA guidelines.
  • Perform numerous acts of repossession and litigation on a daily basis.
  • Complete standard legal garnishment forms for review, and forward to litigation department.
  • Provide administrative support by the filing electronic claims to Medicare, Medicaid and private insurers for emergency and non-emergency transports.
  • Utilize FDCRA and NFCC guidelines.

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 counselor vs collection team lead skills

Common debt counselor skills
  • Outbound Calls, 20%
  • Inbound Calls, 15%
  • Customer Service, 14%
  • Delinquent Accounts, 9%
  • Payment Arrangements, 6%
  • Credit Reports, 4%
Common collection team lead skills
  • Customer Service, 14%
  • Credit Card, 7%
  • Delinquent Accounts, 6%
  • Payment Arrangements, 6%
  • FDCPA, 4%
  • Debt Repayment, 4%

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