Consumer credit counselor vs debt management counselor

The differences between consumer 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 consumer credit counselor and a debt management counselor. Additionally, a consumer credit counselor has an average salary of $59,491, which is higher than the $58,503 average annual salary of a debt management counselor.

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

Consumer credit counselor vs debt management counselor overview

	Consumer Credit Counselor	Debt Management Counselor
Yearly salary	$59,491	$58,503
Hourly rate	$28.60	$28.13
Growth rate	-	10%
Number of jobs	34,014	88,981
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 49%
Average age	45	45
Years of experience	2	2

Consumer credit counselor vs debt management counselor salary

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

	Consumer Credit Counselor	Debt Management Counselor
Average salary	$59,491	$58,503
Salary range	Between $37,000 And $94,000	Between $41,000 And $81,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between consumer credit counselor and debt management counselor education

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

	Consumer Credit Counselor	Debt Management Counselor
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 49%
Most common major	Business	Law
Most common college	University of Pennsylvania	University of Pennsylvania

Consumer credit counselor vs debt management counselor demographics

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

	Consumer Credit Counselor	Debt Management Counselor
Average age	45	45
Gender ratio	Male, 36.1% Female, 63.9%	Male, 39.9% Female, 60.1%
Race ratio	Black or African American, 8.9% Unknown, 4.7% Hispanic or Latino, 14.4% Asian, 7.1% White, 64.4% 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 consumer credit counselor and debt management counselor duties and responsibilities

Consumer credit counselor example responsibilities.

Manage counsel for all IP and employment matters.
Implement localization of subscription license agreement and IP in Mexico and Brazil.
Assist with counseling clients that are in foreclosure referring them to programs within the company and other agencies.
Assist borrower in filling out various foreclosure prevention documents.
Develop and handle all aspects of litigation in Connecticut.
Remain non-denominational, open, flexible and ecumenical in service to patients while also providing additional resources from local spiritual communities.

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.

Consumer credit counselor vs debt management counselor skills

Common consumer credit counselor skills

Inbound Calls, 10%
Debt Management, 9%
Consumer Credit, 8%
Medication Administration, 7%
Action Plan, 7%
Payment Arrangements, 5%

Common debt management counselor skills

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

Consumer Credit Counselor vs. similar jobs

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Consumer Credit Counselor
Consumer Credit Counselor vs Debt Management Counselor

Updated January 8, 2025

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