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

What is a credit processor and how to become one

Updated January 8, 2025

2 min read

There is more than meets the eye when it comes to being a credit processor. For example, did you know that they make an average of $15.33 an hour? That's $31,890 a year! Between 2018 and 2028, the career is expected to grow -3% and produce -38,500 job opportunities across the U.S.

ScoreCredit ProcessorUS Average

Salary

2.5

Avg. Salary $31,890

Avg. Salary $59,228

Stability level

9.9

Growth rate -3%

Growth rate 0.3%

Diversity

5.6

Race

American Indian and Alaska Native 0.57%

Asian 3.96%

Black or African American 9.79%

Hispanic or Latino 17.42%

Unknown 3.89%

White 64.38%

Gender

female 74.71%

male 25.29%

Age - 42.5

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 - 42.5

Stress level

9.9

Stress level is very high

7.1 - high

Complexity level

9.1

Complexity level is advanced

7 - challenging

Work life balance

4.8

Work life balance is fair

6.4 - fair

Key steps to become a credit processor

Explore credit processor education requirements

Most common credit processor degrees

Bachelor's

40.9 %

Associate

24.2 %

High School Diploma

20.6 %

Start to develop specific credit processor skills

Skills	Percentages
Data Entry	16.12%
Customer Service	14.75%
Financial Statements	5.59%
Credit Card Processing	5.40%
Credit Card Payments	5.25%

Complete relevant credit processor training and internships

Accountants spend an average of 3-6 months on post-employment, on-the-job training. New credit processors 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 processor based on U.S. Bureau of Labor Statistics data and data from real credit processor resumes.

Research credit processor duties and responsibilities

Manage accounting operations, accounting close, account reporting and reconciliations.
Obtain credit reports, run background checks
Review specific lender guidelines for conventional, FHA and VA refinance/purchase transactions.
Analyze personal credit reports and Dunn & Bradstreet business credit reports.

Prepare your credit processor resume

When your background is strong enough, you can start writing your credit processor 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 processor 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 processor resume templates

Build a professional credit processor 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 processor resume.