Occupational Employment Statistics


DETAILED OCCUPATION DATA

13-2071 Credit Counselors



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.

Geography EmploymentEmp SE*Percentiles
Mean10th25thMedian75th90th
Northwest Minnesota 205$21.05/hr$16.76/hr$18.52/hr$20.86/hr$23.60/hr$26.21/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Financial ActivitiesN/A$23.04/hr
Professional and Business Services250$24.60/hr
Education and Health Services210$22.86/hr
 
Geography EmploymentMedian WageProjections
% Change 2016-2026
Southwest Minnesota N/AN/AN/A
Grand Forks ND-MN MSA N/AN/AN/A
La Crosse WI-MN MSA N/AN/AN/A
Mankato-North Mankato MN MSA N/AN/AN/A
Rochester MN MSA N/AN/AN/A
St Cloud MN MSA N/A$24.43/hrN/A
Southwest Balance of State N/AN/AN/A
Southeast Balance of State N/A$20.66/hrN/A
Northwest Balance of State 10$20.68/hrN/A
Northwest Minnesota 20$20.86/hr-5.4%
Duluth MN-WI MSA 20$22.15/hrN/A
Fargo ND-MN MSA 20$20.87/hrN/A
Northeast Balance of State 20$22.49/hrN/A
Central Minnesota 40$21.86/hrN/A
Northeast Minnesota 40$22.47/hr12.5%
Southeast Minnesota 90$19.86/hr5.0%
Seven County Mpls-St Paul, MN 330$24.99/hr8.2%
Minneapolis-St Paul-Bloomington MN-WI MSA 340$24.90/hrN/A
Minnesota 510$23.71/hr7.2%


Occupations EmploymentMedian WageProjections
% Change 2016-2026
Eligibility Interviewers, Government Programs N/A$25.18/hr7.7%
Securities, Commodities, and Financial Services Sales Agents 9,240$41.58/hr4.0%
Insurance Sales Agents 8,090$29.13/hr9.0%
Arbitrators, Mediators, and Conciliators 30$42.38/hrN/A
Tax Preparers 1,350$26.02/hr10.7%
Loan Officers 8,550$35.96/hr8.1%
Insurance Underwriters 1,750$35.09/hr-8.4%
Correspondence Clerks N/A$22.72/hr3.1%
Human Resources Specialists 13,000$30.74/hr5.4%
Human Resources Assistants, Except Payroll and Timekeeping 3,170$21.52/hr-3.4%


  • Maintain current knowledge of credit regulations.
  • Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.
  • Recommend strategies for clients to meet their financial goals, such as borrowing money through loans or loan programs, declaring bankruptcy, making budget adjustments, or enrolling in debt management plans.
  • Assess clients' overall financial situation by reviewing income, assets, debts, expenses, credit reports, or other financial information.
  • Advise clients or respond to inquiries about financial matters in person or via phone, email, Web site, or Internet chat.
  • Calculate clients' available monthly income to meet debt obligations.
  • Interview clients by telephone or in person to gather financial information.
  • Prepare written documents to establish contracts with or communicate financial recommendations to clients.
  • 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.
  • Maintain or update records of client account activity, including financial transactions, counseling session notes, correspondence, document images, or client inquiries.