How To Become A Credit Assistant: What It Is and Career Path

What is a credit assistant and how to become one

Updated January 8, 2025

4 min read

Much of the modern financial world relies on credit. Businesses need credit to get started or expand their operations, and people need credit to buy homes and cars. The financial institutions who give credit often rely on credit assistants to do the basic tasks that come with processing credit applications, allowing everyone else to focus on the analytical end.

The credit assistant helps out credit analysts and managers in processing applications for credit. This means that they do basic administrative tasks such as opening a customer account, confirming reference information, and communicating with customers about any issues with their accounts. They are in charge of making sure that all documentation is in order, while the credit analysts actually analyze risk and sometimes decide who gets credit or not.

The credit assistant may be an entry-level position, but that doesn't mean a credit assistant doesn't have any qualifications. Some even have bachelor's or associate's degrees in business along with customer service and administrative experience. If they prove themselves, a credit assistant can work their way up to a credit analyst position.

ScoreCredit AssistantUS Average

Salary

2.6

Avg. Salary $33,741

Avg. Salary $59,228

Stability level

6.0

Growth rate -5%

Growth rate 0.3%

Diversity

5.6

Race

American Indian and Alaska Native 0.27%

Asian 10.73%

Black or African American 7.88%

Hispanic or Latino 9.70%

Unknown 2.67%

White 68.74%

Gender

female 79.57%

male 20.43%

Age - 38

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 38

Stress level

6.0

Stress level is manageable

7.1 - high

Complexity level

8.0

Complexity level is challenging

7 - challenging

Work life balance

6.4

Work life balance is fair

6.4 - fair

Key steps to become a credit assistant

Explore credit assistant education requirements

Most common credit assistant degrees

Bachelor's

50.4 %

Associate

22.4 %

High School Diploma

13.2 %

Start to develop specific credit assistant skills

Skills	Percentages
Data Entry	10.12%
Financial Statements	8.60%
Customer Service	8.33%
Credit Card Payments	6.40%
Past Due Accounts	5.66%

Complete relevant credit assistant training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New credit assistants learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a credit assistant based on U.S. Bureau of Labor Statistics data and data from real credit assistant resumes.

Research credit assistant duties and responsibilities

Manage accounting operations, accounting close, account reporting and reconciliations.
Research applicants and corporations utilizing OFAC, LEXIS/NEXIS, and FastData.
Pull customer's personal credit report and analyze (via Equifax).
Co-Organize department meetings and orchestrate / create all PowerPoint presentations.

Prepare your credit assistant resume

When your background is strong enough, you can start writing your credit assistant resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a credit assistant resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable credit assistant resume templates

Build a professional credit assistant resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your credit assistant resume.