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The differences between debt counselors and collections specialists 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 collections specialist takes usually requires 6-12 months. Additionally, a debt counselor has an average salary of $37,932, which is higher than the $35,164 average annual salary of a collections specialist.
The top three skills for a debt counselor include outbound calls, inbound calls and customer service. The most important skills for a collections specialist are customer service, patients, and customer accounts.
| Debt Counselor | Collections Specialist | |
| Yearly salary | $37,932 | $35,164 |
| Hourly rate | $18.24 | $16.91 |
| Growth rate | -8% | -8% |
| Number of jobs | 27,258 | 40,277 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 41% | Bachelor's Degree, 34% |
| Average age | 45 | 46 |
| Years of experience | 2 | 12 |
Debt counselors and collections specialists have different pay scales, as shown below.
| Debt Counselor | Collections Specialist | |
| Average salary | $37,932 | $35,164 |
| Salary range | Between $27,000 And $51,000 | Between $27,000 And $45,000 |
| Highest paying City | - | Boston, MA |
| Highest paying state | - | Connecticut |
| Best paying company | - | Kent Daniels & Associates |
| Best paying industry | - | Finance |
There are a few differences between a debt counselor and a collections specialist in terms of educational background:
| Debt Counselor | Collections Specialist | |
| Most common degree | Bachelor's Degree, 41% | Bachelor's Degree, 34% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between debt counselors' and collections specialists' demographics:
| Debt Counselor | Collections Specialist | |
| Average age | 45 | 46 |
| Gender ratio | Male, 46.8% Female, 53.2% | Male, 30.5% Female, 69.5% |
| Race ratio | Black 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, 12.2% Unknown, 4.1% Hispanic or Latino, 18.5% Asian, 3.7% White, 61.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |