Credit Counselors
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 called: Accredited Financial Counselor · Certified Consumer Credit and Housing Counselor · Certified Credit and Housing Counselor · Certified Credit Consultant · Certified Credit Counselor · Credit Counselor
What the numbers say
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Top skills employers ask for
Ranked by O*NET importance for this occupation.
- Speaking
- Reading Comprehension
- Active Listening
- Writing
- Critical Thinking
- Active Learning
- Mathematics
- Learning Strategies
- Monitoring
- Science
What they actually do
Core O*NET tasks for this role.
- 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.
- 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.
- Assess clients' overall financial situations by reviewing income, assets, debts, expenses, credit reports, or other financial information.
- Explain general financial topics to clients, such as credit report ratings, bankruptcy laws, consumer protection laws, wage attachments, or collection actions.
- Estimate time for debt repayment, given amount of debt, interest rates, and available funds.
- 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.
Tools & technology
- Microsoft Excel
- Microsoft Office software
- Microsoft Outlook
- Microsoft PowerPoint
- Microsoft Word
- Oracle PeopleSoft
- SAP software
- Chat software
- Cooperative Processing Resources DMS Professional Suite
- CoreLogic DebtorTrace
- Freddie Mac Loan Prospector
- ICCO CreditSoft
- Integrant DebtLogic
- LexisNexis
- LexisNexis Accurint
- Merlin Information Services databases
Knowledge areas
- Customer and Personal Service
- English Language
- Mathematics
- Administrative
- Education and Training
- Economics and Accounting
- Psychology
- Computers and Electronics