What Do Credit Checkers Do: Job Description, Responsibilities and Duties

Stanley TanLeave a Comment



daily life of a Credit Checker
are Credit Checkers happy with their job

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



Being A Credit Checker: What You Really Do


In this job description guide, you will find out what do Credit Checkers do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Credit Checker or not.



Job summary

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.

We asked Credit Checkers how satisfied they are with their job. Here is what they said.

Job satisfaction

66%

How meaningful is this job

48%


66% of them said they were satisfied with their job and 48% said they find that their job makes the world a better place or helps to make someone else’s life better.



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Typical day

On a daily basis, Credit Checkers Compile and analyze credit information gathered by investigation. They Obtain information about potential creditors from banks, credit bureaus, and other credit services, and provide reciprocal information if requested.

1 of the main responsibilities as A Credit Checker is to Interview credit applicants by telephone or in person to obtain personal and financial data needed to complete credit report.

Some may also Prepare reports of findings and recommendations, using typewriters or computers.

In a normal work day, another thing that Credit Checkers do is they Contact former employers and other acquaintances to verify applicants’ references, employment, health history, and social behavior.

In addition to that, they Examine city directories and public records to verify residence property ownership, bankruptcies, liens, arrest record, or unpaid taxes of applicants..

A typical day for A Credit Checker look like this:

Compile data or documentation.
Analyze financial information.
Obtain personal or financial information about customers or applicants.
Interview employees, customers, or others to collect information.

We asked some Credit Checkers a few questions to find out what else does their work day look like. Here is what we found.

Do you have telephone conversations everyday in this job?100% said yes
Do you have to use email everyday in this job?79% said yes
How important is it to work in a team in this job?78% said very important
Do you have group discussions everyday in this job?71% said yes
Do you have to meet strict deadlines everyday in this job?51% said yes
Do you talk or work with customers everyday in this job?79% said yes
Do you have to deal with angry customers everyday in this job?44% said yes
Do you have to make decisions everyday in this job?61% said yes



Other responsibilities

Besides the “typical day” things that Credit Checkers do, they Relay credit report information to subscribers by mail or by telephone.

A typical week or month for them might include:

Discuss account status or activity with customers or patrons.



Working life

Working hours

More than 40 hours per week

Working schedule

Regular (Set schedule and routine)


In a typical work week as A Credit Checker, you can expect to work More than 40 hours per week.

Do Credit Checkers work in an office-style work environment?

Everyday
58.37%

Once a week
0%

Once a month
0%

Once a year
0%

Never
41.63%

Do Credit Checkers work in a warehouse-style work environment?

Everyday
26.97%

Once a week
3.69%

Once a month
0%

Once a year
18.82%

Never
50.52%

Do Credit Checkers work outdoors?

Everyday
0%

Once a week
3.69%

Once a month
0.93%

Once a year
15.59%

Never
79.79%



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.

You will like this career if you are someone who likes following set procedures and routines. They like working with data and details more than with ideas.

You 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.



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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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Salary
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Related to Credit Checkers Job Description

Credit Checkers job description, what do Credit Checkers do, typical day for Credit Checkers, what is it like to work as a Credit Checker, how many hours do Credit Checkers work, day to day work of a Credit Checker

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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