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2021 Credit Counselors Salary Guide

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.

Credit Counselors Salary

Salary

$46.2K

Growth

8%

Bright Outlook

Bright

Green

No

Credit Counselors Job Description

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.

Also known as:

Accredited Financial Counselor, Certified Consumer Credit and Housing Counselor, Certified Credit Consultant, Certified Credit Counselor, Certified Credit and Housing Counselor, Credit Counselor, Financial Health Counselor, Housing Counselor, Personal Finance Counselor

How Much Do Credit Counselors Make ? 2021

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $32,160 $37,640 $46,170 $57,220 $74,410
Hourly Wage $15.46 $18.10 $22.20 $27.51 $35.77

How Much Do Credit Counselors Make ? 2021

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$32,160
$37,640
$46,170
$57,220
$74,410
Hourly Wage
$15.46
$18.10
$22.20
$27.51
$35.77

Credit Counselors Tasks

  • 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.
  • Assess clients' overall financial situations by reviewing income, assets, debts, expenses, credit reports, or other financial information.
  • 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.
  • Recommend strategies for clients to meet their financial goals, such as borrowing money through loans or loan programs, declaring bankruptcy, making budget adjustments, or enrolling in debt management plans.
  • Explain general financial topics to clients, such as credit report ratings, bankruptcy laws, consumer protection laws, wage attachments, or collection actions.
  • Disburse funds from client accounts to creditors.
  • Interview clients by telephone or in person to gather financial information.
  • Estimate time for debt repayment, given amount of debt, interest rates, and available funds.
  • Prepare written documents to establish contracts with or communicate financial recommendations to clients.
  • Maintain or update records of client account activity, including financial transactions, counseling session notes, correspondence, document images, or client inquiries.
  • Negotiate with creditors on behalf of clients to arrange for payment adjustments, interest rate reductions, time extensions, or payment plans.
  • Advise clients on housing matters, such as housing rental, homeownership, mortgage delinquency, or foreclosure prevention.
  • Create action plans to assist clients in obtaining permanent housing via rent or mortgage programs.
  • Advise clients or respond to inquiries about financial matters in person or via phone, email, Web site, or Internet chat.
  • Advise clients or respond to inquiries about financial matters in person or via phone, email, Web site, or Internet chat.
  • Review changes to financial, family, or employment situations to determine whether changes to existing debt management plans, spending plans, or budgets are needed.
  • Recommend educational materials or resources to clients on matters, such as financial planning, budgeting, or credit.
  • Refer clients to social service or community resources for needs beyond those of credit or debt counseling.
  • Explain loan information to clients, such as available loan types, eligibility requirements, or loan restrictions.
  • Teach courses or seminars on topics, such as budgeting, management of personal finances, or financial literacy.
  • Conduct research to help clients avoid repossessions or foreclosures or remove levies or wage garnishments.
  • Investigate missing checks, payment histories, held funds, returned checks, or other related issues to resolve client or creditor problems.

What Activities Do Credit Counselors Do?

  • Compute debt repayment schedules.
  • Explain regulations, policies, or procedures.
  • Develop financial plans for clients.
  • Assess financial status of clients.
  • Develop financial plans for clients.
  • Recommend investments to clients.
  • Educate clients on financial planning topics.
  • Disburse funds from clients accounts to creditors.
  • Interview clients to gather financial information.
  • Compute debt repayment schedules.
  • Prepare contracts or other transaction documents.
  • Prepare financial documents.
  • Negotiate agreements to resolve disputes.
  • Advise others on financial matters.
  • Develop financial plans for clients.
  • Advise others on financial matters.
  • Correspond with customers to answer questions or resolve complaints.
  • Assess financial status of clients.
  • Educate clients on financial planning topics.
  • Refer clients to community or social service programs.
  • Interpret financial information for others.
  • Educate clients on financial planning topics.
  • Develop financial plans for clients.
  • Examine financial records.

Typical Credit Counselors Knowledge?

  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
  • Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.

What Are Typical Credit Counselors Abilities?

  • Oral Expression - Communicating by speaking.
  • Oral Comprehension - Listening and understanding what people say.
  • Written Comprehension - Reading and understanding what is written.
  • Deductive Reasoning - Using rules to solve problems.
  • Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
  • Problem Sensitivity - Noticing when problems happen.
  • Written Expression - Communicating by writing.

What Are Typical Credit Counselors Skills? 2021

  • Speaking - Talking to others.
  • Reading Comprehension - Reading work-related information.
  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Writing - Writing things for co-workers or customers.
  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Active Learning - Figuring out how to use new ideas or things.
  • Service Orientation - Looking for ways to help people.
  • Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
  • Persuasion - Talking people into changing their minds or their behavior.

What Are Typical Credit Counselors Interests?

  • Conventional - Occupations related to Conventional interests frequently involve following set procedures and routines. They include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising - Occupations with Enterprising interests frequently involve starting up and carrying out projects. Many involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  • Social - Occupations with Social interests frequently involve working with, communicating with, and teaching people. Most involve helping or providing service to others.

What Is The Projected Employment For Credit Counselors ? 2021

Location 2019 Employment 2029 Employment Percent change Annual projected job openings
United States 35,600 38,300 8% 2,900

What Is The Projected Employment For Credit Counselors ? 2021

Location
2019 Employment
2029 Employment
Percent change
Annual projected job openings
United States
35,600
38,300
8%
2,900

What Is The Required Credit Counselors Education & Experience? 2021

  • Bachelor's degree
  • No work experience
  • 1 to 12 months on-the-job training

Credit Counselors Schools ?

School Program Name Location Length / Graduates
Albany Technical College Banking and Financial Support Services Albany, GA Less than one year: 0
Albertus Magnus College Financial Planning and Services New Haven, CT Less than one year: 1
Alexandria Technical & Community College Credit Management Alexandria, MN 2 years: 0
American College of Financial Services Financial Planning and Services King Of Prussia, PA Less than one year: 2101
Less than one year: 237
More than 4 years: 3
More than 4 years: 32
Arapahoe Community College Banking and Financial Support Services Littleton, CO 2 years: 0
At least one but less than two years: 0
Arkansas Tech University Banking and Financial Support Services Russellville, AR 2 years: 0
At least one but less than two years: 0
Less than one year: 0
Baker College Financial Planning and Services Owosso, MI More than 4 years: 7
Baltimore City Community College Banking and Financial Support Services Baltimore, MD At least one but less than two years: 0
Barton County Community College Financial Planning and Services Great Bend, KS Less than one year: 0
Baylor University Financial Planning and Services Waco, TX 4 years: 0

Credit Counselors Schools ?

School
Program Name
Location
Length / Graduates
Banking and Financial Support Services
Albany, GA
Less than one year: 0
Financial Planning and Services
New Haven, CT
Less than one year: 1
Credit Management
Alexandria, MN
2 years: 0
Financial Planning and Services
King Of Prussia, PA
Less than one year: 2101
Less than one year: 237
More than 4 years: 3
More than 4 years: 32
Banking and Financial Support Services
Littleton, CO
2 years: 0
At least one but less than two years: 0
Banking and Financial Support Services
Russellville, AR
2 years: 0
At least one but less than two years: 0
Less than one year: 0
Financial Planning and Services
Owosso, MI
More than 4 years: 7
Banking and Financial Support Services
Baltimore, MD
At least one but less than two years: 0
Financial Planning and Services
Great Bend, KS
Less than one year: 0
Financial Planning and Services
Waco, TX
4 years: 0

Credit Counselors Jobs Near Me .

Job Title Company Location Date Posted Federal Contractor
Admitting Technician UnityPoint Health Waterloo, Iowa 07/31/2021 No
Admitting Technician UnityPoint Health Waterloo, Iowa 07/31/2021 No
Admitting Technician-United Medical Park UnityPoint Health Waterloo, Iowa 07/31/2021 No
AmeriCorps Position - Financial Empowerment/Firs Mobile Home Assistant El Centro de la Raza Seattle, Washington 08/01/2021 No
AmeriCorps Position - Financial Empowerment/Firs Mobile Home Assistant El Centro de la Raza Seattle, Washington 08/01/2021 No
Assistant Director of International Admissions University of Massachusetts Amherst Amherst, Massachusetts 08/01/2021 No
College Success Manager: Brooklyn Lifelink Good Shepherd Services Brooklyn, New York 08/01/2021 No
Counsel Consumer Financing Citizens Bank Westwood, Massachusetts 08/01/2021 Yes
Counsel Consumer Financing Citizens Bank Johnston, Rhode Island 08/01/2021 Yes
Director of Financial Aid Unitek Learning, Inc. Provo, Utah 08/01/2021 No

Credit Counselors Jobs Near Me .

Job Title
Company
Location
Date Posted
Federal Contractor
UnityPoint Health
Waterloo, Iowa
07/31/2021
No
UnityPoint Health
Waterloo, Iowa
07/31/2021
No
UnityPoint Health
Waterloo, Iowa
07/31/2021
No
El Centro de la Raza
Seattle, Washington
08/01/2021
No
El Centro de la Raza
Seattle, Washington
08/01/2021
No
University of Massachusetts Amherst
Amherst, Massachusetts
08/01/2021
No
Good Shepherd Services
Brooklyn, New York
08/01/2021
No
Citizens Bank
Westwood, Massachusetts
08/01/2021
Yes
Citizens Bank
Johnston, Rhode Island
08/01/2021
Yes
Unitek Learning, Inc.
Provo, Utah
08/01/2021
No

Credit Counselors 2021 Salary Guide By State

Common Careers