Certified credit counselor vs debt management counselor

The differences between certified credit counselors and debt management counselors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a certified credit counselor and a debt management counselor. Additionally, a debt management counselor has an average salary of $58,503, which is higher than the $48,127 average annual salary of a certified credit counselor.

The top three skills for a certified credit counselor include debt management, customer service and consumer credit. The most important skills for a debt management counselor are legal advice, in-house, and risk management.

Certified credit counselor vs debt management counselor overview

	Certified Credit Counselor	Debt Management Counselor
Yearly salary	$48,127	$58,503
Hourly rate	$23.14	$28.13
Growth rate	-	10%
Number of jobs	66,082	88,981
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 49%
Average age	45	45
Years of experience	2	2

Certified credit counselor vs debt management counselor salary

Certified credit counselors and debt management counselors have different pay scales, as shown below.

	Certified Credit Counselor	Debt Management Counselor
Average salary	$48,127	$58,503
Salary range	Between $33,000 And $69,000	Between $41,000 And $81,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between certified credit counselor and debt management counselor education

There are a few differences between a certified credit counselor and a debt management counselor in terms of educational background:

	Certified Credit Counselor	Debt Management Counselor
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 49%
Most common major	Business	Law
Most common college	University of Pennsylvania	University of Pennsylvania

Certified credit counselor vs debt management counselor demographics

Here are the differences between certified credit counselors' and debt management counselors' demographics:

	Certified Credit Counselor	Debt Management Counselor
Average age	45	45
Gender ratio	Male, 33.6% Female, 66.4%	Male, 39.9% Female, 60.1%
Race ratio	Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.2% Asian, 6.4% White, 63.0% American Indian and Alaska Native, 0.5%	Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between certified credit counselor and debt management counselor duties and responsibilities

Certified credit counselor example responsibilities.

Manage counsel for all IP and employment matters.
Perform comprehensive financial assessment of homeowners facing financial crisis and at risk of foreclosure.
Trust accounting, bank reconciliations, and accounts payable in QuickBooks.

Debt management counselor example responsibilities.

Manage the dispute resolution/litigation process; responding to and resolving threaten litigation; responding to subpoenas and regulatory inquiries and investigations.
Manage the dispute resolution/litigation process; responding to and resolving threaten litigation; responding to subpoenas and regulatory inquiries and investigations.
Represent MMI professionally and effectively to all constituents through participation in professional development programs and through the certification process.

Certified credit counselor vs debt management counselor skills

Common certified credit counselor skills

Debt Management, 19%
Customer Service, 16%
Consumer Credit, 10%
Action Plan, 8%
Foreclosure, 5%
Outbound Calls, 5%

Common debt management counselor skills

Legal Advice, 16%
In-House, 12%
Risk Management, 11%
Litigation, 9%
Real Estate, 9%
Legal Issues, 8%

Certified Credit Counselor vs. similar jobs

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Certified Credit Counselor
Certified Credit Counselor vs Debt Management Counselor

Updated January 8, 2025

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