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
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.
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.
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 states
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).
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
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