How to Become a Credit Counselor in 4 Steps


The first thing debtors want to do when they decide to get out of debt is to seek professional help from someone who not only has financial understanding about money management, but who can also listen and empathize. A credit counselor is exactly that person.

There are three main reasons why you should consider becoming a credit counselor:

  • Many people are drowning in debt, you therefore will always have a job to do.
  • Credit counseling allows you to help people while developing in the financial sector.
  • There’s scope for growth within your industry or the mainstream financial sector.

As a credit counselor, you will be required:

  • To assess a debtor’s financial status and recommend steps to get out of debt.
  • To educate debtors on money management practices.
  • Based on your analysis, you can recommend a suitable debt management plan.

Below are steps that you need to take to become a credit counselor:

1. Get a relevant university degree

Debtors will come to you with various financial problems, some of which will be complex. You will need to know how to read balance sheets and other relevant financial documents and reports. If you don’t have a financial background, you will find yourself incapable of accomplishing your role.

To be an effective credit counselor, you will need to have a sound understanding of accounting or finance. A degree in any of these two fields is a good place for you to start.

2. Get some counseling training


In addition to dealing with the financial analysis side of your job, you will have to handle the emotional side.

The fact that your clients have come to you means that they do not know how to get out of debt without your help. They will be relying on you fully to help them.

Receiving training as a counselor helps you to hone traits that will improve your capacity to come up with solutions customized to each debtor. Empathy, listening, patience are some of the traits that you will learn.

Check if your university is offering certification in counseling and combine that with your financial studies.

3. Get more specialized certifications

It helps to get more advanced certification, as it will help you be more marketable with more debt settlement companies. It is possible to get certificates for debt settlement that are more specialized. The more equipped you are to solve problems in specialized areas, the more valuable you will be to your employer.

You should also get negotiation certification. Debt settlement is a prolonged process that involves a lot of back and forth negotiations. If you have specialized negotiations skills, you will get the best deal for your clients.

Once you get certification from an accredited body, you will become a member of that body. Find out about other relevant organizations that you could join as these make you more credible.

4. Apply to debt settlement companies

You can apply to quite a number of debt settlement companies and kick start your career as a credit counselor. You can read reviews about some of these companies on and apply to the ones that suit your goals.

6 comments on “How to Become a Credit Counselor in 4 Steps

  1. My brother wants to become a credit counselor. I think that this article will definitely help him. I’ll share this to him. Thanks for sharing this article.

  2. Yes, I totally agree with what you said. I also think that credit counselor will definitely us to get out of debt and avoid problems. Thanks for sharing this article.

  3. Yes,I totally agree with what you said. I think that being a Credit Counselor is definitely a great job. I also agree with what you said. I think that we will never be out of job when we choose this profession. This article is very helpful. Thanks for sharing this article.

  4. 4 steps to become a credit counselor Is that really true? Yes got an answer from this article and some online reviews on this topic from experienced persons. You have mentioned 4 steps which are nice and will always help many persons looking to become good credit counselor. I have read the whole article very carefully and I think will have to share on social media and team members. Getting degree from best university and some excellent certification can help in good manner. 3 reasons to become credit counselor you have described are short and informative. Thank you for such a nice article!

  5. Thank you for sharing your thoughts on credit counseling. I would like to improve my chances of becoming a good credit counselor. For that I will check online reviews about credit counseling. And your article will help me to improve myself. I will follow the four steps you mentioned and I will also tell my friends to do the same. I am always in search of articles like these. Make available your next article as soon as possible. As well as I want to tell you that the three main reasons why someone should be considered as a credit counselor are very true. Good to read you. Thanks for the help.

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