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

Stanley TanLeave a Comment



Credit Checkers jobs information
pros and cons of being a Credit Checker

Credit Checkers

Other names for this job might include Accounts Receivable Manager, Branch Manager, Business Manager, Call Out Operator, Commercial Credit Head, Commercial Credit Lead, Commercial Credit Reviewer, Commercial Loan Reviewer, Credit Administrator, Credit Analyst


  • $37920
    Salary
  • 66%
    Job satisfaction
  • Easy
    Becoming one
  • Bad
    Job growth
OwlGuru Rank

C



Credit Checkers: Know It All In 1 Minute


In this career summary, you will find out what the job of A Credit Checker 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 Checkers investigate history and credit standing of individuals or business establishments applying for credit. Telephone or write to credit departments of business and service establishments to obtain information about applicant’s credit standing.

  • Compile and analyze credit information gathered by investigation.
  • Obtain information about potential creditors from banks, credit bureaus, and other credit services, and provide reciprocal information if requested.
  • Interview credit applicants by telephone or in person to obtain personal and financial data needed to complete credit report.
  • Prepare reports of findings and recommendations, using typewriters or computers.

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


Become one

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Salary

Average salary
$37920 per year

Hourly wage
$18.23 an hour


Credit Checkers with little to no experience tend to make between $24280 and $28510 while the more experienced ones make over $45350 per year.

Top 5 paying statesHourlyAnnual
WA$23.64$49170
CO$23.59$49060
CA$22.32$46420
OR$21.2$44090
NY$21$43690

1 of the easiest ways to increase your salary as A Credit Checker is to move to a higher paying state like WA. Right now, the highest paying states for Credit Checkers are WA, CO, CA, OR and NY.

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

3 other factors that can increase your salary as A Credit Checker 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 Checkers make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
High School Diploma (or GED)

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

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

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

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

Active Listening
Speaking
Reading Comprehension
Critical Thinking
Writing

In addition to that, 1 common characteristic among successful Credit Checkers is they are good at Self Control. Here are the top 5 common characteristics.

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

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


Pros and Cons

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

PROS
Suitable for people who likes to follow routines
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.
It is easy to get into this career. Some previous workrelated skill, knowledge, or experience is required for this career.
CONS
Not suitable for people who likes to work with designs
One of the lowest paying jobs
Demand for this career is declining
Long working hours (More than 40 hours per week)


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
66%

Is this job meaningful
48%


Working hours
More than 40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Credit Checkers work More than 40 hours per week.

66% of Credit Checkers said they were satisfied with their job and 48% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Organizers and The Persuaders


You can read more about these career personality types here.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas.

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

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Rank: B
Salary: $35540

They locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer’s account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; and keeping records of collection and status of accounts.
Rank: C
Salary: $33890

They interact with customers to provide information in response to inquiries about products and services and to handle and resolve complaints.
Rank: B
Salary: $37340

They issue licenses or permits to qualified applicants. Obtain necessary information, record data, advise applicants on requirements, collect fees, and issue licenses. May conduct oral, written, visual, or performance testing.
Rank: C+
Salary: $38740

They obtain information from insured or designated persons for purpose of settling claim with insurance carrier.
Rank: B+
Salary: $40910

They compile and record employee time and payroll data. May compute employees’ time worked, production, and commission. May compute and post wages and deductions, or prepare paychecks.






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Career type

Office and Administration
Banking and Related Services

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Job Description
Salary
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Related to Credit Checkers Career Information

Credit Checkers job description, Credit Checkers salary, Credit Checkers information, what is the job of a Credit Checker like, pros and cons about Credit Checkers, colleges and universities for Credit Checkers, is Credit Checkers the right career for me, Easy careers to get into, careers in Office and Administration

Additional resources

http://www.bls.gov/OOH/office-and-administrative-support/financial-clerks.htm
http://www.aba.com/
https://www.mba.org/

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Credit Checkers
Written by: Stanley Tan
Credit Checkers investigate history and credit standing of individuals or business establishments applying for credit. Telephone or write to credit departments of business and service establishments to obtain information about applicant's credit standing.
3.5 / 5 stars

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