Post job

Installment loan collector vs data collector

The differences between installment loan collectors and data collectors 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 loan collector and a data collector. Additionally, an installment loan collector has an average salary of $36,109, which is higher than the $35,626 average annual salary of a data collector.

The top three skills for an installment loan collector include customer service, and . The most important skills for a data collector are audit type, grocery store, and retail store.

Installment loan collector vs data collector overview

Installment Loan CollectorData Collector
Yearly salary$36,109$35,626
Hourly rate$17.36$17.13
Growth rate-8%-8%
Number of jobs11,96680,812
Job satisfaction--
Most common degreeBachelor's Degree, 31%Bachelor's Degree, 51%
Average age4646
Years of experience1212

Installment loan collector vs data collector salary

Installment loan collectors and data collectors have different pay scales, as shown below.

Installment Loan CollectorData Collector
Average salary$36,109$35,626
Salary rangeBetween $27,000 And $48,000Between $31,000 And $40,000
Highest paying City-Washington, DC
Highest paying state-California
Best paying company-EDC
Best paying industry-Government

Differences between installment loan collector and data collector education

There are a few differences between an installment loan collector and a data collector in terms of educational background:

Installment Loan CollectorData Collector
Most common degreeBachelor's Degree, 31%Bachelor's Degree, 51%
Most common majorBusinessBusiness
Most common college--

Installment loan collector vs data collector demographics

Here are the differences between installment loan collectors' and data collectors' demographics:

Installment Loan CollectorData Collector
Average age4646
Gender ratioMale, 52.7% Female, 47.3%Male, 40.6% Female, 59.4%
Race ratioBlack or African American, 8.4% Unknown, 3.8% Hispanic or Latino, 18.1% Asian, 3.7% White, 65.5% American Indian and Alaska Native, 0.5%Black or African American, 13.8% Unknown, 4.1% Hispanic or Latino, 20.5% Asian, 3.7% White, 57.3% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between installment loan collector and data collector duties and responsibilities

Installment loan collector example responsibilities.

  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Review and verify insurance, Medicare and/or Medicaid accounts against third party billing program provisions and procedures.
  • Secure modification documents including HAMP and bank require documents.

Data collector example responsibilities.

  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Collect from all insurances (HMO, PPO, and MEDICARE).
  • Attend trainings and abide by HIPAA regulations.
  • Collect from insurance companies (PPO and Medicare).
  • Execute database queries in SQL in response to client requests.
  • Collect pricing information in grocery, office, pet and mass retailers
  • Show more

Installment loan collector vs data collector skills

Common installment loan collector skills
  • Customer Service, 100%
Common data collector skills
  • Audit Type, 31%
  • Grocery Store, 17%
  • Retail Store, 16%
  • UPC, 10%
  • PET, 8%
  • Inter-Rater Reliability, 2%

Browse office and administrative jobs