How To Become A Credit Counselor: Degree and Education Requirements

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what degree do you need to become a Credit Counselor
majors for Credit Counselors

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



Be A Credit Counselor: What You Really Need


In this requirements guide for Credit Counselors, you will find out what do you need to become a Credit Counselor and what it takes to become one.

After reading this, you will be able to plan for your future if you want to be a Credit Counselor.



Degree required

Recommended degree level

Bachelor’s Degree

Bachelors degree
41.94%

High School Diploma
19.35%

Associates degree
19.35%

Some college courses
12.9%

Certificate
6.45%

Generally, employers are looking for Credit Counselors who have a Bachelors degree. They also prefer someone who is good in Active Listening and Writing.

1 common question that we always get is what major or degree do I need to become A Credit Counselor or what courses do I need to take.

We did a survey to ask other Credit Counselors what did they major in college or university and here are the most popular majors that came up.

Banking and Financial Support Services
Financial Planning and Services
Credit Management

The majority of Credit Counselors typically enter the occupation with a Bachelor’s Degree in Finance, business administration or a related field.



Schools

schools for Credit Counselors

Interested in becoming A Credit Counselor? Find the right schools that can help you to become one. You will need some of your details to get you matched with the right college or university. This service is free thanks to our sponsors.

Questions to ask the university or college:

  1. How many students are in the program?
  2. Is your program accredited?
  3. How many faculty members do you have? Do they hold the right credentials?
  4. What is your job placement rate?
  5. Does your school hold career fairs or other on-campus events with employers? How many employers typically attend?
  6. How many of your students have at least one internship by graduation?

Click to start becoming a Credit Counselor




How long does it take

Difficulty
Quite Hard

You will need a considerable amount of work-related skill, knowledge or experience to be A Credit Counselor.

For example: An accountant must complete 4 years of college and work for several years in accounting to be considered qualified.

To become A Credit Counselor, you will need several years of work-related experience, on-the-job training or vocational training.


How long does it take
1 to 2 years


Work experience
1 to 2 years

1 to 2 years
37.5%

No experience
31.25%

6 months to 1 year
9.38%

2 to 4 years
6.25%

4 to 6 years
6.25%

Job training
1 to 3 months

1 to 3 months
31.25%

6 months to 1 year
28.12%

3 to 6 months
18.75%

0 to 1 month
15.62%

1 to 2 years
3.12%

Most Credit Counselors have 1 to 2 years work experience and 1 to 3 months job training.

To increase your chances of getting a job, you can look for job training while studying to be one.



License and certifications

Do you need any license or certification




Skills required

We asked other Credit Counselors if they could only have 5 skills, what would they be. Here is what they said.

1. Active Listening what does this mean
2.Writing what does this mean
3.Speaking what does this mean
4.Reading Comprehension what does this mean
5.Critical Thinking what does this mean
= Hot in-demand that most employers are looking for

We did some research and found that most successful Credit Counselors have these 5 common characteristics. Most of them had Concern for Others and Integrity.

1.Concern for Others
2.Integrity
3.Self Control
4.Dependability
5.Attention to Detail




Knowledge required

Just like any other job, you will need some know-hows to do the job. To become a successful Credit Counselors you need to acquire knowledge in these 5 key areas.

1. Customer and Personal Service what does this mean
2.English Language what does this mean
3.Clerical what does this mean
4.Education and Training what does this mean
5.Mathematics what does this mean

As A Credit Counselor, you may also be required to know how to use certain Network conferencing software, Financial analysis software and Data base user interface and query software tools.

Chat software (Network conferencing software)
Cooperative Processing Resources DMS Professional Suite (Financial analysis software)
CoreLogic DebtorTrace (Data base user interface and query software)
Credit Master software (Financial analysis software)
Email software (Electronic mail software)
= Hot in-demand that most employers are looking for




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Related to Credit Counselors Requirements

Credit Counselors requirements, how to become Credit Counselors, degree required to be a Credit Counselor, Credit Counselors license and certifications, majors to be a Credit Counselor, is it hard to become a Credit Counselor and how long does it take

Additional resources

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

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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.
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