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Delinquency counselor vs collections/accounts receivable

The differences between delinquency counselors and collections/accounts receivables can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a delinquency counselor and a collections/accounts receivable. Additionally, a delinquency counselor has an average salary of $45,996, which is higher than the $38,949 average annual salary of a collections/accounts receivable.

The top three skills for a delinquency counselor include collection systems, collection practices and delinquent accounts. The most important skills for a collections/accounts receivable are customer service, patients, and delinquent accounts.

Delinquency counselor vs collections/accounts receivable overview

Delinquency CounselorCollections/Accounts Receivable
Yearly salary$45,996$38,949
Hourly rate$22.11$18.73
Growth rate-8%-8%
Number of jobs27,18430,523
Job satisfaction--
Most common degreeBachelor's Degree, 47%Bachelor's Degree, 40%
Average age4646
Years of experience1212

Delinquency counselor vs collections/accounts receivable salary

Delinquency counselors and collections/accounts receivables have different pay scales, as shown below.

Delinquency CounselorCollections/Accounts Receivable
Average salary$45,996$38,949
Salary rangeBetween $34,000 And $62,000Between $30,000 And $49,000
Highest paying City-Boston, MA
Highest paying state-Connecticut
Best paying company-Apollo Global Management
Best paying industry-Finance

Differences between delinquency counselor and collections/accounts receivable education

There are a few differences between a delinquency counselor and a collections/accounts receivable in terms of educational background:

Delinquency CounselorCollections/Accounts Receivable
Most common degreeBachelor's Degree, 47%Bachelor's Degree, 40%
Most common majorBusinessBusiness
Most common college--

Delinquency counselor vs collections/accounts receivable demographics

Here are the differences between delinquency counselors' and collections/accounts receivables' demographics:

Delinquency CounselorCollections/Accounts Receivable
Average age4646
Gender ratioMale, 43.3% Female, 56.7%Male, 25.3% Female, 74.7%
Race ratioBlack or African American, 14.5% Unknown, 4.2% Hispanic or Latino, 16.5% Asian, 3.9% White, 60.3% American Indian and Alaska Native, 0.5%Black or African American, 12.0% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.4% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between delinquency counselor and collections/accounts receivable duties and responsibilities

Delinquency counselor example responsibilities.

  • Perform in-depth financial work-ups of members determining best-case scenarios and provide alternatives to members to avoid possible foreclosure.
  • Comply with FDCPA and RFDCPA regulations.
  • Analyze mortgagors for approval of HAMP or traditional modification.

Collections/accounts receivable example responsibilities.

  • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
  • Work accounts receivable for Medicaid verification and payments.
  • Work remittance advice from Medicaid ensuring accuracy of payments.
  • Research and obtain extensive knowledge of FDCPA debt recovery laws and assist in recovering commercial debt from organizations.
  • Communicate effectively with patients, physicians, hospital staff, and insurance representatives to ensure accuracy in claims processing.
  • Review claims to determine if process correctly and if necessary, direct patients to contact insurance companies regarding additional benefit questions.
  • Show more

Delinquency counselor vs collections/accounts receivable skills

Common delinquency counselor skills
  • Collection Systems, 13%
  • Collection Practices, 12%
  • Delinquent Accounts, 10%
  • Payment Options, 9%
  • Credit Card Accounts, 9%
  • Optimal Solutions, 9%
Common collections/accounts receivable skills
  • Customer Service, 21%
  • Patients, 6%
  • Delinquent Accounts, 5%
  • Credit Card Payments, 5%
  • Past Due Accounts, 5%
  • Customer Accounts, 5%

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