CREDIT CLERKS/AUTHORIZERS process and authorize applications for credit, including credit cards. They handle the processing of the credit applications by verifying the information on the application, calling applicants if they need more information, contacting credit bureaus for a credit rating, and obtaining any other information needed to determine the applicant's creditworthiness. Some organizations have credit checkers who investigate a person's or business's credit history and current credit standing before issuing a loan or line of credit.
Salary, Size & Growth
- $34,500 average per year ($16.50 per hour)
- A large occupation (235,400 workers in 2010)
- Expected to grow slowly (0.4% per year)
A high school education or equivalent is usually the minimum requirement for CREDIT CLERKS/AUTHORIZERS. Most new clerks are trained on the job by more experienced workers. Some firms offer formal training that may include courses in telephone etiquette, computer use, and customer service skills. A number of credit workers also take courses in credit offered by banking and credit associations, public and private vocational schools, and colleges and universities. These workers need no special licensing or certification.