What is the job of a family credit counselor?

Job Duties

* Review clients’ financial situations, such as income, assets, and debts

* Negotiate with creditors on clients’ behalf to reduce interest rates, waive late fees, or extend payment plans

* Develop personalized debt management plans for clients

* Educate clients on financial management and budgeting

* Provide ongoing support and guidance to clients as they work to repay their debts

Qualifications

* At least a bachelor's degree in finance, business administration, or a related field

* Experience in credit counseling or a related financial field

* Excellent communication and interpersonal skills

* Strong analytical and problem-solving skills

* Ability to work independently and as part of a team

Work Environment

Family credit counselors typically work in a fast-paced, high-pressure environment. They may work on their own or as part of a team. They may work in a variety of settings, such as credit counseling agencies, financial planning firms, or government agencies.

Salary and Benefits

The average annual salary for a family credit counselor is $55,000. However, salaries can range from $35,000 to $85,000, depending on experience and location. Family credit counselors typically receive a benefits package that includes health insurance, dental insurance, and a retirement plan.