Recovery collector vs debt collector

The differences between recovery collectors 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 recovery collector and a debt collector. Additionally, a recovery collector has an average salary of $35,897, which is higher than the $33,865 average annual salary of a debt collector.

The top three skills for a recovery collector include inbound calls, outbound calls and credit card accounts. The most important skills for a debt collector are customer service, outbound calls, and payment arrangements.

Recovery collector vs debt collector overview

	Recovery Collector	Debt Collector
Yearly salary	$35,897	$33,865
Hourly rate	$17.26	$16.28
Growth rate	-8%	-8%
Number of jobs	7,204	23,385
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	High School Diploma, 34%
Average age	46	46
Years of experience	12	12

Recovery collector vs debt collector salary

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

	Recovery Collector	Debt Collector
Average salary	$35,897	$33,865
Salary range	Between $25,000 And $51,000	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 recovery collector and debt collector education

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

	Recovery Collector	Debt Collector
Most common degree	Bachelor's Degree, 38%	High School Diploma, 34%
Most common major	Business	Business
Most common college	-	-

Recovery collector vs debt collector demographics

Here are the differences between recovery collectors' and debt collectors' demographics:

	Recovery Collector	Debt Collector
Average age	46	46
Gender ratio	Male, 42.2% Female, 57.8%	Male, 30.7% Female, 69.3%
Race ratio	Black or African American, 13.3% Unknown, 3.9% Hispanic or Latino, 20.0% Asian, 3.6% White, 58.8% 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 recovery collector and debt collector duties and responsibilities

Recovery collector example responsibilities.

Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Resolve errors by resubmitting correct or unacknowledge claims, appeals, and other documentation require for timely filing.
Secure modification documents including HAMP and bank require documents.

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.

Recovery collector vs debt collector skills

Common recovery collector skills

Inbound Calls, 10%
Outbound Calls, 9%
Credit Card Accounts, 8%
Delinquent Accounts, 8%
Credit Bureaus, 7%
Customer Service, 6%

Common debt collector skills

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