Credit Counselor Jobs, Employment, and How Much Credit Counselors Make
For the latest information on credit counselor jobs, the National Financial Educators Council has created this page to provide up-to-date data. People interested in pursuing credit counselor employment will benefit from gaining details about what the job entails, what kind of background is needed, and how much credit counselors can expect to earn.
The job of a credit counselor is to work with individuals who need help getting out of debt or rebuilding their credit. They may offer information about budgeting or consumer credit laws. The ins and outs of how to become a credit counselor typically do not require any specific background in terms of education or training. Some companies will provide on-the-job training.
Credit Counselor Earning Potential
So just how much does a credit counselor make? The NFEC reviewed job posts for credit counselor jobs across various employment websites and discovered that the hourly compensation rates ranged from $14 to $30 per hour. Entry-level compensation varies by location, and hourly rates increase as the counselor gains experience. According to data presented by Glassdoor, the annual salary range for a credit counselor in the United States in 2020 was $27,000 – $55,000, with an average of $38,216.
Where to Search for Credit Counselor Jobs
Many companies around the U.S. are advertising to hire a credit coach. Some firms permit credit counselors to work from their homes or remote offices. A typical day for someone in this role involves substantial time talking with clients by phone. Credit counselor employment is available in a variety of localities and settings. Here are a few of the top website links for searching:
https://www.indeed.com/q-Credit-Counselor-jobs.html
https://www.ziprecruiter.com/Jobs/Credit-Counselor
https://www.glassdoor.com/Job/credit-counselor-jobs-SRCH_KO0,16.htm
https://www.monster.com/jobs/search/?q=Credit-Counselor&where=
What Life Stages do Credit Counselor Jobs Serve?
Credit counselor jobs concentrate primarily on assisting people who have poor credit ratings or are deeply in debt. They assist those individuals to make a plan and find resources to get control of their debt loads and improve their credit ratings. There is some difference between credit counseling and debt settlement services.
The relatively narrow focus of credit and debt counseling can be contrasted with the role of a Certified Personal Financial Wellness Consultant certified through the NFEC. The NFEC has information about a NFEC Financial Coach salary. NFEC Financial Coaches are trained and qualified to support clients who need help across a broad scope of personal finance areas. They help people not only to address current financial challenges, but to prepare for the decisions they’re likely to encounter at future life stages. As clients’ financial situations change, NFEC Financial Coaches re-evaluate their status and help them update their money management plans.