Video Source:

Credit Counselors

Job Information

Advise and educate individuals or organizations on acquiring and managing debt. May provide guidance in determining the best type of loan and explaining loan requirements or restrictions. May help develop debt management plans, advise on credit issues, or provide budget, mortgage, and bankruptcy counseling.


  • Nearly 9 out of 10 loan officers work for commercial banks, savings institutions, credit unions, and related financial institutions.
  • Educational requirements range from a high school diploma for many loan officers to a bachelor's degree for commercial loan officers; previous banking, lending, or sales experience is highly valued.
  • Good job opportunities are expected for mortgage and consumer loan officers and excellent opportunities are expected for commercial loan officers.
  • Earnings often fluctuate with the number of loans generated, rising substantially when the economy is strong and interest rates are low.


Personality I'm good with people
Salary $38,430/yr ($19.22/hr)
Job Outlook Average
Education Bachelors