Delinquency counselor vs debt collector

The differences between delinquency counselors and debt 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 delinquency counselor and a debt collector. Additionally, a delinquency counselor has an average salary of $45,996, which is higher than the $33,865 average annual salary of a debt collector.

The top three skills for a delinquency counselor include collection systems, collection practices and delinquent accounts. The most important skills for a debt collector are customer service, outbound calls, and payment arrangements.

Delinquency counselor vs debt collector overview

	Delinquency Counselor	Debt Collector
Yearly salary	$45,996	$33,865
Hourly rate	$22.11	$16.28
Growth rate	-8%	-8%
Number of jobs	27,184	23,385
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 47%	High School Diploma, 34%
Average age	46	46
Years of experience	12	12

Delinquency counselor vs debt collector salary

Delinquency counselors and debt collectors have different pay scales, as shown below.

	Delinquency Counselor	Debt Collector
Average salary	$45,996	$33,865
Salary range	Between $34,000 And $62,000	Between $26,000 And $43,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Mayor Ethan Berkowitz
Best paying industry	-	Construction

Differences between delinquency counselor and debt collector education

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

	Delinquency Counselor	Debt Collector
Most common degree	Bachelor's Degree, 47%	High School Diploma, 34%
Most common major	Business	Business
Most common college	-	-

Delinquency counselor vs debt collector demographics

Here are the differences between delinquency counselors' and debt collectors' demographics:

	Delinquency Counselor	Debt Collector
Average age	46	46
Gender ratio	Male, 43.3% Female, 56.7%	Male, 30.7% Female, 69.3%
Race ratio	Black 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, 12.2% Unknown, 4.0% Hispanic or Latino, 20.0% Asian, 3.4% White, 59.9% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between delinquency counselor and debt collector 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.

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.

Delinquency counselor vs debt collector 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 debt collector skills

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