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Telephone collector vs collections specialist

The differences between telephone collectors and collections specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a telephone collector and a collections specialist. Additionally, a telephone collector has an average salary of $35,823, which is higher than the $35,164 average annual salary of a collections specialist.

The top three skills for a telephone collector include customer service, telephone calls and FDCPA. The most important skills for a collections specialist are customer service, patients, and customer accounts.

Telephone collector vs collections specialist overview

Telephone CollectorCollections Specialist
Yearly salary$35,823$35,164
Hourly rate$17.22$16.91
Growth rate-8%-8%
Number of jobs3,76240,277
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 34%
Average age4646
Years of experience1212

Telephone collector vs collections specialist salary

Telephone collectors and collections specialists have different pay scales, as shown below.

Telephone CollectorCollections Specialist
Average salary$35,823$35,164
Salary rangeBetween $30,000 And $41,000Between $27,000 And $45,000
Highest paying City-Boston, MA
Highest paying state-Connecticut
Best paying company-Kent Daniels & Associates
Best paying industry-Finance

Differences between telephone collector and collections specialist education

There are a few differences between a telephone collector and a collections specialist in terms of educational background:

Telephone CollectorCollections Specialist
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common college--

Telephone collector vs collections specialist demographics

Here are the differences between telephone collectors' and collections specialists' demographics:

Telephone CollectorCollections Specialist
Average age4646
Gender ratioMale, 35.4% Female, 64.6%Male, 30.5% Female, 69.5%
Race ratioBlack or African American, 11.1% Unknown, 4.1% Hispanic or Latino, 17.2% Asian, 3.8% White, 63.3% American Indian and Alaska Native, 0.5%Black or African American, 12.2% Unknown, 4.1% Hispanic or Latino, 18.5% Asian, 3.7% White, 61.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between telephone collector and collections specialist duties and responsibilities

Telephone collector example responsibilities.

  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Comply with all state and federal regulations (ACA & FDCPA).
  • Contact debtor's attorneys to discuss debtor's intentions throughout bankruptcy process.
  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Arrange collection of collateral or retention agreements with debtors post bankruptcy.
  • Utilize various skip-tracing services such as Accurint and TheWorkNumber in order to locate consumers and verify employment for account recovery purposes.

Collections specialist example responsibilities.

  • Manage university A/R processes and enforce tuition payment policy.
  • Manage accounts for healthcare clients, review detailed patient information for payment resolution while abiding HIPPA privacy and security regulations.
  • Review denied Medicare and Maine Medicaid insurance claims for accuracy.
  • Analyze hospital insurance claims of individual patients for errors and contact major insurance carriers for claims dispute resolution.
  • Analyze accounts for patients ineligible for private insurance, Medicare or Medicaid and indicating inability to pay balance.
  • Possess effective persuasion and negotiation skills, excellent interpersonal and communications skills with the ability to deliver quality customer service.
  • Show more

Telephone collector vs collections specialist skills

Common telephone collector skills
  • Customer Service, 43%
  • Telephone Calls, 23%
  • FDCPA, 10%
  • Past Due Accounts, 10%
  • Debtor, 8%
  • Computer System, 8%
Common collections specialist skills
  • Customer Service, 23%
  • Patients, 8%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%
  • Delinquent Accounts, 4%
  • Phone Calls, 4%

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