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.
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.
$49310 per year
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||Hourly||Annual|
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).
Recommended degree level
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.
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.
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 |
|Attention to Detail|
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Credit Counselor as your career.
|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|
|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
Is this job meaningful
40 hours per week
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
Start your journey to be A Credit Counselor
Get the best college for Credit Counselors
Discover the best colleges for your $$$
Find colleges have the highest earning grads
Yes, I'm sure
Trusted by over 50,000 fans
[easy-followers title=”” nofollow=”1″ total_type=”text_before” columns=”2″ template=”tinycolor”]
Other Careers Like This
Help Others Out
Learn more about Credit Counselors
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
[schema type=”review” url=”https://www.owlguru.com/” name=”OwlGuru.com” description=”OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.” rev_name=”Credit Counselors” rev_body=”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.” author=”Stanley Tan” user_review=”4″ min_review=”1″ max_review=”5″ ]