Also called: Credit Administrator, Credit Investigator, Credit Manager, Credit Processor
Produced by CareerOneStop
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Companies know that extending credit is risky business. Credit authorizers, checkers and clerks work to reduce that risk. Credit clerks assemble the documents and process transactions involved in loan and credit applications. Checkers verify the information on application forms. They may interview applicants to gather personal and financial data. Checkers contact banks, credit bureaus and other sources for facts about an applicant’s earnings, spending, and bill-paying habits. At times, they may need to deal with unpleasant or upset people. Authorizers decide whether to approve or deny the request for a credit account or for a new charge to an existing line of credit. They assess credit histories for accounts that are past due, overextended or in some way invalid. A high school education is generally required for an entry-level position. Helpful qualifications include fluency in another language especially Spanish, strong keyboarding skills, and a solid grasp of business math. Because electronic records and communication are streamlining this field, the field is not growing. But where the work is needed, this is a career where a job done well is certainly a credit to your company.
What they do:Investigate history and credit standing of individuals or business establishments applying for credit. Telephone or write to credit departments of business and service establishments to obtain information about applicant's credit standing.
On the job, you would:
- Compile and analyze credit information gathered by investigation.
- Obtain information about potential creditors from banks, credit bureaus, and other credit services, and provide reciprocal information if requested.
- Interview credit applicants by telephone or in person to obtain personal and financial data needed to complete credit report.
- customer service
- administrative services
Math and Science
- arithmetic, algebra, geometry, calculus, or statistics
Arts and Humanities
- English language
Safety and Government
- law and government
- listening to others, not interrupting, and asking good questions
- talking to others
- noticing a problem and figuring out the best way to solve it
- communicate by speaking
- listen and understand what people say
Ideas and Logic
- make general rules or come up with answers from lots of detailed information
- notice when problems happen
People interested in this work like activities that include data, detail, and regular routines.
They do well at jobs that need:
- Self Control
- Attention to Detail
- Stress Tolerance
You might use software like this on the job:
Electronic mail software
Financial analysis software
- Equifax software
- Experian software