Salary for Credit Counselors

Also known as:  Credit Counselor, Debt Management Counselor, Financial Assistance Advisor, Loan Counselor

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When individuals and institutions are overburdened by debt, credit counseling provides an option for resolving their financial situation. Credit counselors assist their clients in establishing payment plans, consolidating debt with a loan or loans, creating budgets, and negotiating with creditors on behalf of their clients in order to reduce debt or interest rates, or increase the allotted payment time. Individuals in this profession may work on a contractual basis, and may be bound by the rules of debt management programs for which they work. They may also be responsible for educating clients regarding the rules and policies of their employers.

A Credit Counselor earns salaries somewhere between $32,160 and $74,410 depending on tenure and industry expertise. can earn an average wage of fourty-nine thousand nine hundred and fourty dollars per year.

obtain the most salary in District of Columbia, which has wages of close to about $70,530. People working these jobs can make the highest salaries in Retail Trade, which has a compensation of $90,470.

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The national wage distribution is shown below. To overlay local salaries for a Credit Counselor, please select your state.
Annual salary
Hourly rate
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SALARY TREND

The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 29.29 percent nationwide in that time.

INDUSTRIES

Credit Counselors tend to make the most in the following industries:

Retail Trade
$90,470
Wholesale Trade
$57,800
Public Administration
$55,940
Other Services (except Public Administration)
$54,080
Finance and Insurance
$51,970
Educational Services
$50,420

In general, they earn less within the industries below:

Construction
$36,730
Health Care and Social Assistance
$44,300
Administrative, Support and Waste Management Services
$44,380
Professional, Scientific, and Technical Services
$45,130
Real Estate and Rental and Leasing
$45,610
Management of Companies and Enterprises
$50,210