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Installment agent vs collections, customer service

The differences between installment agents and collectionss, customer service can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an installment agent and a collections, customer service. Additionally, a collections, customer service has an average salary of $32,870, which is higher than the $26,430 average annual salary of an installment agent.

The top three skills for an installment agent include customer service, windows and troubleshoot. The most important skills for a collections, customer service are strong customer service, customer service, and payment arrangements.

Installment agent vs collections, customer service overview

Installment AgentCollections, Customer Service
Yearly salary$26,430$32,870
Hourly rate$12.71$15.80
Growth rate-8%-8%
Number of jobs26,460161,544
Job satisfaction--
Most common degreeBachelor's Degree, 41%High School Diploma, 33%
Average age4646
Years of experience1212

Installment agent vs collections, customer service salary

Installment agents and collectionss, customer service have different pay scales, as shown below.

Installment AgentCollections, Customer Service
Average salary$26,430$32,870
Salary rangeBetween $10,000 And $68,000Between $27,000 And $39,000
Highest paying City-Danvers, MA
Highest paying state-Virginia
Best paying company-University of California
Best paying industry-Automotive

Differences between installment agent and collections, customer service education

There are a few differences between an installment agent and a collections, customer service in terms of educational background:

Installment AgentCollections, Customer Service
Most common degreeBachelor's Degree, 41%High School Diploma, 33%
Most common majorBusinessBusiness
Most common college--

Installment agent vs collections, customer service demographics

Here are the differences between installment agents' and collectionss, customer service' demographics:

Installment AgentCollections, Customer Service
Average age4646
Gender ratioMale, 58.8% Female, 41.2%Male, 29.3% Female, 70.7%
Race ratioBlack or African American, 14.1% Unknown, 4.3% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.5% American Indian and Alaska Native, 0.5%Black or African American, 11.4% Unknown, 4.2% Hispanic or Latino, 20.3% Asian, 3.8% White, 59.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between installment agent and collections, customer service duties and responsibilities

Installment agent example responsibilities.

  • Answer eligibility and coverage questions from insurance agents pertaining to Medicare advantage plans and prescription drug plans.
  • Book reservations verify availability and reconfirm accommodations.
  • Upgrade, troubleshot, repair, and setup computers in store.
  • Identify & troubleshot in-home network issues, virus/spyware removal, perform PC installations & repairs.
  • Follow and maintain QA guidelines while documenting the customers questions with the appropriate escalations need.
  • Handle supervisor escalations and agent QA monitoring.
  • Show more

Collections, customer service example responsibilities.

  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Provide excellent verbal, written, oral communication skills, attend ongoing training of collections and FDCPA regulations and guidelines.
  • Provide excellent interpersonal, negotiation, and customer service skills via telephone.
  • Research accounts to verify credits and debits make are accurately post against supporting documents showing timely reflect within the FDCPA guidelines.
  • Prevent impending loss and increase profitability through negotiation and enforcement of schedule collection campaigns.
  • Submit additional information request by insurance companies such as medical records, primary/secondary insurance explanation of benefits (EOB).
  • Show more

Installment agent vs collections, customer service skills

Common installment agent skills
  • Customer Service, 33%
  • Windows, 24%
  • Troubleshoot, 14%
  • Inbound Calls, 10%
  • Outbound Calls, 10%
  • Linux, 9%
Common collections, customer service skills
  • Strong Customer Service, 45%
  • Customer Service, 12%
  • Payment Arrangements, 5%
  • Credit Card Payments, 4%
  • Delinquent Accounts, 4%
  • Past Due Accounts, 3%

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