Credit Counselors

Also Called: Certified Credit Counselor, Credit Counselor, Housing Counselor

What Credit Counselors do

Advise and educate individuals or organizations on acquiring and managing debt. May provide guidance in determining the best type of loan and explain loan requirements or restrictions. May help develop debt management plans or student financial aid packages. May advise on credit issues, or provide budget, mortgage, bankruptcy, or student financial aid counseling.

  • Calculate clients' available monthly income to meet debt obligations.
  • Explain services or policies to clients, such as debt management program rules, advantages and disadvantages of using services, or creditor concession policies.
  • Create debt management plans, spending plans, or budgets to assist clients to meet financial goals.
Industry Areas:

Finance and Business

Training Program Areas:

Accounting Services • OCT-Only Finance & Business

Expand For Additional Details

Work Context

  • Electronic Mail
  • Telephone
  • Spend Time Sitting
  • Contact With Others
  • Frequency of Decision Making

Tools

  • Notebook computers
  • Special purpose telephones
  • Laser fax machine
  • Scientific calculator
  • Inkjet printers

Technology

Data base user interface and query software
CoreLogic DebtorTrace
Microsoft Access
Presentation software
Microsoft PowerPoint
Financial analysis software
Freddie Mac Loan Prospector
Prime Debt Software Credit Repair

The Education & Training You Need

Skills

  • Speaking
  • Active Listening
  • Reading Comprehension
  • Critical Thinking
  • Writing

Knowledge

Business
customer service
administrative services
Arts and Humanities
English language
Math and Science
arithmetic, algebra, geometry, calculus, or statistics
psychology
Education and Training
teaching and course design

Education

  • 40% Bachelor's degree
  • 36% High school diploma or equivalent
  • 12% Post-secondary certificate

Experience

A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

What are your training options on the pathway to this occupation?

Are You a Good Fit?

Occupation Traits

  • Conventional (Organizer)
  • Enterprising (Persuader)
  • Social (Helper)

Work Styles

  • Integrity
  • Dependability
  • Concern for Others
  • Attention to Detail
  • Self Control
  • Cooperation

Values

  • Relationships
  • Achievement
  • Independence

Abilities

  • Verbal
  • Ideas and Logic
  • Math

This is what Credit Counselors across the country typically make.

$18.01 / hour
$37,460 /year

Entry Level

$23.35 / hour
$48,570 /year

Median Level

$36.07 / hour
$75,030 /year

Experienced Level

Income information reflects a regional average.
Income information reflects a national average.

This career’s National Job Outlook is

Bright

Please be sure to verify the outlook of this occupation with your instructor.

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