1. University of Pennsylvania
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
What is a Credit Checker?
There is more than meets the eye when it comes to being a credit checker. For example, did you know that they make an average of $35.13 an hour? That's $73,074 a year! Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.
What Does a Credit Checker Do
Financial clerks do administrative work for many types of organizations. They keep records, help customers, and carry out financial transactions.
How To Become a Credit Checker
A high school diploma or equivalent is typically required for most financial clerk jobs. These workers usually learn their duties through on-the-job training.
Average Salary for a Credit Checker
Credit Checkers in America make an average salary of $73,074 per year or $35 per hour. The top 10 percent makes over $124,000 per year, while the bottom 10 percent under $42,000 per year.
Average Credit Checker Salary
$73,074 Yearly$35.13 hourly
What Am I Worth?
Roles and Types of Credit Checker
There are several types of credit checker, including:
Credit Investigator
Role:
When you apply for credit, your application goes through a credit investigator who is responsible for evaluating your credit standing. Their primary responsibilities are to investigate the credit history and standing of businesses and individuals and obtain financial data relevant to their investigation. These duties help them determine the applicant's creditworthiness and recommend an appropriate action, which can either be a denial or approval.
Moreover, credit investigators may also be responsible for notifying clients of the result of their applications. However, some only recommend an action to the lender or bank so that they can make a final decision.
Higher education is not a strict requirement for this role, but it can serve as a great advantage, especially degrees in business, accounting, or finance. Employers may not also require related work experience but do prefer applicants to have a certain level of experience, ideally in a job with similar tasks.
Credit investigators typically work in offices during regular business hours. They make $17 an hour or $35,000 per year, on average, and can find plenty of opportunities in banks, insurance companies, lenders, and other financial institutions.
Moreover, credit investigators may also be responsible for notifying clients of the result of their applications. However, some only recommend an action to the lender or bank so that they can make a final decision.
Higher education is not a strict requirement for this role, but it can serve as a great advantage, especially degrees in business, accounting, or finance. Employers may not also require related work experience but do prefer applicants to have a certain level of experience, ideally in a job with similar tasks.
Credit investigators typically work in offices during regular business hours. They make $17 an hour or $35,000 per year, on average, and can find plenty of opportunities in banks, insurance companies, lenders, and other financial institutions.
- Average Salary: $34,703
- Degree: Bachelor's Degree
States With The Most Credit Checker Jobs
Mouse over a state to see the number of active credit checker jobs in each state. The darker areas on the map show where credit checkers earn the highest salaries across all 50 states.
Average Salary: Job Openings:
Number Of Credit Checker Jobs By State
| Rank | State | Number of Jobs | Average Salary |
|---|---|---|---|
| 1 | California | 440 | $98,447 |
| 2 | Texas | 306 | $95,433 |
| 3 | New York | 156 | $99,661 |
| 4 | Illinois | 115 | $79,144 |
| 5 | Florida | 113 | $98,879 |
| 6 | Iowa | 110 | $71,779 |
| 7 | Ohio | 101 | $85,230 |
| 8 | Pennsylvania | 82 | $107,386 |
| 9 | North Carolina | 79 | $105,902 |
| 10 | New Jersey | 75 | $100,613 |
| 11 | Minnesota | 72 | $70,580 |
| 12 | Missouri | 70 | $69,220 |
| 13 | Georgia | 65 | $85,857 |
| 14 | Arizona | 64 | $97,291 |
| 15 | Massachusetts | 62 | $93,690 |
| 16 | Michigan | 56 | $88,266 |
| 17 | Wisconsin | 56 | $83,964 |
| 18 | Washington | 50 | $66,523 |
| 19 | Colorado | 47 | $64,175 |
| 20 | Indiana | 40 | $90,404 |
| 21 | Virginia | 34 | $108,371 |
| 22 | Maryland | 34 | $98,078 |
| 23 | Utah | 34 | $81,358 |
| 24 | Nebraska | 28 | $59,788 |
| 25 | Alabama | 25 | $91,009 |
| 26 | New Mexico | 24 | $92,506 |
| 27 | Oregon | 23 | $77,236 |
| 28 | Tennessee | 22 | $90,532 |
| 29 | South Carolina | 21 | $95,901 |
| 30 | Kansas | 21 | $73,668 |
| 31 | Montana | 20 | $50,751 |
| 32 | Nevada | 18 | $87,565 |
| 33 | Kentucky | 18 | $79,534 |
| 34 | Louisiana | 17 | $91,194 |
| 35 | Delaware | 14 | $99,731 |
| 36 | Rhode Island | 13 | $97,285 |
| 37 | Arkansas | 12 | $87,987 |
| 38 | Mississippi | 11 | $96,475 |
| 39 | Connecticut | 11 | $98,270 |
| 40 | Maine | 11 | $81,826 |
| 41 | North Dakota | 11 | $65,088 |
| 42 | South Dakota | 11 | $60,284 |
| 43 | Idaho | 9 | $70,905 |
| 44 | Oklahoma | 8 | $79,736 |
| 45 | Alaska | 6 | $42,554 |
| 46 | New Hampshire | 5 | $87,434 |
| 47 | Hawaii | 5 | $77,595 |
| 48 | Vermont | 4 | $75,599 |
| 49 | Wyoming | 3 | $60,558 |
| 50 | West Virginia | 0 | $84,968 |
Top Colleges for Credit Checkers
2. Northwestern University
Evanston, IL • Private
In-State Tuition
$54,568
Enrollment
8,451
3. University of North Carolina at Chapel Hill
Chapel Hill, NC • Private
In-State Tuition
$8,987
Enrollment
18,946
4. New York University
New York, NY • Private
In-State Tuition
$51,828
Enrollment
26,339
5. University of Illinois at Urbana-Champaign
Champaign, IL • Private
In-State Tuition
$15,094
Enrollment
32,974
6. Harvard University
Cambridge, MA • Private
In-State Tuition
$50,420
Enrollment
7,582
7. University of Southern California
Los Angeles, CA • Private
In-State Tuition
$56,225
Enrollment
19,548
8. San Diego State University
San Diego, CA • Private
In-State Tuition
$7,488
Enrollment
30,018
9. Boston University
Boston, MA • Private
In-State Tuition
$53,948
Enrollment
17,238
10. University of Minnesota - Twin Cities
Minneapolis, MN • Private
In-State Tuition
$14,760
Enrollment
31,451
Top Skills For a Credit Checker
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 51.6% of credit checkers listed data entry on their resume, but soft skills such as communication skills and math skills are important as well.
Credit Checker Demographics
Credit Checker Gender Distribution
Female
54%
Male
46%
After extensive research and analysis, Zippia's data science team found that:
- Among credit checkers, 53.6% of them are women, while 46.4% are men.
- The most common race/ethnicity among credit checkers is White, which makes up 72.5% of all credit checkers.
- The most common foreign language among credit checkers is French at 100.0%.
Online Courses For Credit Checker That You May Like
Advertising Disclosure
1. Predicting Credit Card Fraud with R
Welcome to Predicting Credit Card Fraud with R. In this project-based course, you will learn how to use R to identify fraudulent credit card transactions with a variety of classification methods and use R to generate synthetic samples to address the common problem of classification bias for highly imbalanced datasets—the class of interest (fraud) represents less than 1% of the observations. Class imbalance can make it difficult to detect the effect independent variables have on fraud,...
See More on Coursera2. Term-Structure and Credit Derivatives
This course will focus on capturing the evolution of interest rates and providing deep insight into credit derivatives. In the first module we discuss the term structure lattice models and cash account, and then analyze fixed income derivatives, such as Options, Futures, Caplets and Floorlets, Swaps and Swaptions. In the second module, we will examine model calibration in the context of fixed income securities and extend it to other asset classes and instruments. Learners will operate model...
See More on Coursera3. Credit Risk Analysis
All you want to know about Credit Specific Risk Analysis from a Bankers and Analyst Perspective...
See More on UdemyJob type you want
Full Time
Part Time
Internship
Temporary
Best States For a Credit Checker
Some places are better than others when it comes to starting a career as a credit checker. The best states for people in this position are Virginia, Pennsylvania, North Carolina, and New Jersey. Credit checkers make the most in Virginia with an average salary of $108,371. Whereas in Pennsylvania and North Carolina, they would average $107,386 and $105,902, respectively. While credit checkers would only make an average of $100,613 in New Jersey, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. North Carolina
Total Credit Checker Jobs: 79
Highest 10% Earn:
$196,000
Location Quotient:
0.89
$105,902
Avg. Salary
2. Pennsylvania
Total Credit Checker Jobs: 82
Highest 10% Earn:
$199,000
Location Quotient:
0.76
$107,386
Avg. Salary
3. Delaware
Total Credit Checker Jobs: 14
Highest 10% Earn:
$188,000
Location Quotient:
1.21
$99,731
Avg. Salary
How Do Credit Checker Rate Their Jobs?
Top Credit Checker Employers
Most Common Employers For Credit Checker
| Rank | Company | Average Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| 1 | BNY Mellon | $119,944 | $57.67 | 1 |
| 2 | JCPenney | $113,352 | $54.50 | 1 |
| 3 | The Miller Group Advertising | $103,590 | $49.80 | 1 |
| 4 | CSR, Incorporated | $96,162 | $46.23 | 2 |
| 5 | IBM | $94,308 | $45.34 | 1 |
| 6 | Composition | $88,262 | $42.43 | 1 |
| 7 | American National Services, Inc | $87,351 | $42.00 | 1 |
| 8 | Rose International | $87,157 | $41.90 | 1 |
| 9 | AT&T | $87,083 | $41.87 | 2 |
| 10 | Abercrombie & Fitch Co | $83,709 | $40.24 | 1 |