Credit Counselors: Salary, Job Description, How To Be One and More

Stanley TanLeave a Comment

Only for today! Get the 3 strategies you need to graduate from college with no student loan debt.

WAIT!
Get the 3 strategies you need to
graduate from college with
$0 in student loan debt

 WARNING! Don't get this if you don't plan to go to college.
Send me the strategies
We will send this to the email you entered above




Credit Counselors jobs information
pros and cons of being a Credit Counselor

Credit Counselors

Other names for this job might include Assistant Director for Financial Literacy, Branch Credit Counselor, Certified Consumer Credit and Housing Counselor, Certified Credit Counselor, Certified Personal Finance Counselor, Consumer Credit Counselor, Counseling Program Leader, Counselor, Credit Counselor, Credit Support Counselor


  • $49310
    Salary
  • 70%
    Job satisfaction
  • Quite Hard
    Becoming one
  • High
    Job growth
OwlGuru Rank

B



Credit Counselors: Know It All In 1 Minute


In this career summary, you will find out what the job of A Credit Counselor is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Credit Counselors advise and educate individuals or organizations on acquiring and managing debt. May provide guidance in determining the best type of loan and explaining loan requirements or restrictions. May help develop debt management plans, advise on credit issues, or provide budget, mortgage, and bankruptcy counseling.

  • Assess clients’ overall financial situation by reviewing income, assets, debts, expenses, credit reports, or other financial information.
  • Create debt management plans, spending plans, or budgets to assist clients to meet financial goals.
  • Calculate clients’ available monthly income to meet debt obligations.
  • Prioritize client debt repayment to avoid dire consequences, such as bankruptcy or foreclosure or to reduce overall costs, such as by paying high-interest or short-term loans first.

Read more about what does A Credit Counselor really do at work and what is it like being and working as one.


Become one

schools for Credit Counselors

Interested in becoming A Credit Counselor? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

Click to start becoming a Credit Counselor




Salary

Average salary
$49310 per year

Hourly wage
$23.7 an hour


Credit Counselors with little to no experience tend to make between $30320 and $35610 while the more experienced ones make over $55340 per year.

Top 5 paying statesHourlyAnnual
MA$31.73$66010
CO$31.32$65150
NJ$27.98$58190
WI$27.87$57970
DC$27.27$56720

1 of the easiest ways to increase your salary as A Credit Counselor is to move to a higher paying state like MA. Right now, the highest paying states for Credit Counselors are MA, CO, NJ, WI and DC.

However a higher pay at MA doesn’t guarantee that you will make more because the living expenses at MA might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as A Credit Counselor is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Credit Counselors make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Credit Counselors what degree they had when they got the job and most of them said they had a Bachelors degree followed by High School Diploma.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Banking and Financial Support Services
Financial Planning and Services
Credit Management

Another popular question from our readers is what makes A Credit Counselor successful or would they be good in this career.

Well, we found that most successful Credit Counselors have these 5 skillsets.

Active Listening
Writing
Speaking
Reading Comprehension
Critical Thinking

In addition to that, 1 common characteristic among successful Credit Counselors is they are good at Concern for Others. Here are the top 5 common characteristics.

Concern for Others
Integrity
Self Control
Dependability
Attention to Detail
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Credit Counselor and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Credit Counselor as your career.

PROS
Suitable for people who likes to help and teach others
Suitable for people who values relationships between coworkers and customers and wants to work in a friendly noncompetitive environment
This career is perfect for people who love to work indoors.
Demand for this career is growing very fast
CONS
Not suitable for people who likes practical and handson work
Salary is below average
It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
70%

Is this job meaningful
47%


Working hours
40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Credit Counselors work 40 hours per week.

70% of Credit Counselors said they were satisfied with their job and 47% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Helpers and The Persuaders


You can read more about these career personality types here.

People who are suitable for this job tends to like working with, communicating with, and teaching people. They like helping or providing service to others.

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



How we can help

Still not sure if you want to be A Credit Counselor?

Find a job you love in 6 days


Get a list of jobs that pay over $100,000


The career test that no one is talking about


Get a sense of purpose in your life


I'm still not sure

So you reallly want to be A Credit Counselor?

Get the best college for Credit Counselors


How to pay for college with no money


Discover the best ROI colleges for your $$$


These colleges have the highest earning grads


Yes, I'm sure








Trusted by over 50,000 fans



Other Careers Like This


Help Others Out



Learn more about Credit Counselors

Summary (You are here)
Job Description
Salary
Requirements
Is This Right For Me

Study To Be A Credit Counselor


Related to Credit Counselors Career Information

Credit Counselors job description, Credit Counselors salary, Credit Counselors information, what is the job of a Credit Counselor like, pros and cons about Credit Counselors, colleges and universities for Credit Counselors, is Credit Counselors the right career for me, Quite Hard careers to get into, careers in Business and Finance

Additional resources

http://www.bls.gov/oes/current/oes132071.htm

OwlGuru.com
OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
Credit Counselors
Written by: Stanley Tan
Credit Counselors advise and educate individuals or organizations on acquiring and managing debt. May provide guidance in determining the best type of loan and explaining loan requirements or restrictions. May help develop debt management plans, advise on credit issues, or provide budget, mortgage, and bankruptcy counseling.
4 / 5 stars

Leave a Reply

Your email address will not be published. Required fields are marked *