Credit Counselors salary in Chicago, Illinois

Salary distribution

Where Chicago credit counselors fall on the wage curve.

Typical entry

• Education

  Bachelor's degree

• Experience

  None

• On-the-job training

  Moderate-term on-the-job training

Top skills (O*NET)

• Customer and Personal Service

  Knowledge

  4.6 / 5

• Oral Expression

  Ability

  4.1 / 5

• English Language

  Knowledge

  4.1 / 5

• Oral Comprehension

  Ability

  4.0 / 5

• Speaking

  Basic skill

  4.0 / 5

• Active Listening

  Basic skill

  3.9 / 5

• Written Comprehension

  Ability

  3.9 / 5

• Reading Comprehension

  Basic skill

  3.9 / 5

Common tasks (O*NET)

1. 01

   Calculate clients' available monthly income to meet debt obligations.

2. 02

   Explain services or policies to clients, such as debt management program rules, advantages and disadvantages of using services, or creditor concession policies.

3. 03

   Create debt management plans, spending plans, or budgets to assist clients to meet financial goals.

4. 04

   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.

5. 05

   Assess clients' overall financial situations by reviewing income, assets, debts, expenses, credit reports, or other financial information.

6. 06

   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.

7. 07

   Explain general financial topics to clients, such as credit report ratings, bankruptcy laws, consumer protection laws, wage attachments, or collection actions.

8. 08

   Disburse funds from client accounts to creditors.