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Debt counselor vs collections specialist

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 vs collections specialist overview

Debt CounselorCollections Specialist
Yearly salary$37,932$35,164
Hourly rate$18.24$16.91
Growth rate-8%-8%
Number of jobs27,25840,277
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 34%
Average age4546
Years of experience212

Debt counselor vs collections specialist salary

Debt counselors and collections specialists have different pay scales, as shown below.

Debt CounselorCollections Specialist
Average salary$37,932$35,164
Salary rangeBetween $27,000 And $51,000Between $27,000 And $45,000
Highest paying City-Boston, MA
Highest paying state-Connecticut
Best paying company-Kent Daniels & Associates
Best paying industry-Finance

Differences between debt counselor and collections specialist education

There are a few differences between a debt counselor and a collections specialist in terms of educational background:

Debt CounselorCollections Specialist
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common college--

Debt counselor vs collections specialist demographics

Here are the differences between debt counselors' and collections specialists' demographics:

Debt CounselorCollections Specialist
Average age4546
Gender ratioMale, 46.8% Female, 53.2%Male, 30.5% Female, 69.5%
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, 12.2% Unknown, 4.1% Hispanic or Latino, 18.5% Asian, 3.7% White, 61.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between debt counselor and collections specialist 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.

Collections specialist example responsibilities.

  • Manage university A/R processes and enforce tuition payment policy.
  • Manage accounts for healthcare clients, review detailed patient information for payment resolution while abiding HIPPA privacy and security regulations.
  • Review denied Medicare and Maine Medicaid insurance claims for accuracy.
  • Analyze hospital insurance claims of individual patients for errors and contact major insurance carriers for claims dispute resolution.
  • Analyze accounts for patients ineligible for private insurance, Medicare or Medicaid and indicating inability to pay balance.
  • Possess effective persuasion and negotiation skills, excellent interpersonal and communications skills with the ability to deliver quality customer service.
  • Show more

Debt counselor vs collections specialist skills

Common debt counselor skills
  • Outbound Calls, 20%
  • Inbound Calls, 15%
  • Customer Service, 14%
  • Delinquent Accounts, 9%
  • Payment Arrangements, 6%
  • Credit Reports, 4%
Common collections specialist skills
  • Customer Service, 23%
  • Patients, 8%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%
  • Delinquent Accounts, 4%
  • Phone Calls, 4%

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