Credit processor vs credit checker

The differences between credit processors and credit checkers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 3-6 months to become both a credit processor and a credit checker. Additionally, a credit checker has an average salary of $73,074, which is higher than the $31,890 average annual salary of a credit processor.

The top three skills for a credit processor include data entry, customer service and financial statements. The most important skills for a credit checker are data entry, credit checks, and .

Credit processor vs credit checker overview

	Credit Processor	Credit Checker
Yearly salary	$31,890	$73,074
Hourly rate	$15.33	$35.13
Growth rate	-3%	-3%
Number of jobs	11,088	11,860
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 41%	Bachelor's Degree, 45%
Average age	44	44
Years of experience	6	6

Credit processor vs credit checker salary

Credit processors and credit checkers have different pay scales, as shown below.

	Credit Processor	Credit Checker
Average salary	$31,890	$73,074
Salary range	Between $26,000 And $38,000	Between $42,000 And $124,000
Highest paying City	-	Philadelphia, PA
Highest paying state	-	Virginia
Best paying company	-	Lehigh Valley Health Network
Best paying industry	-	-

Differences between credit processor and credit checker education

There are a few differences between a credit processor and a credit checker in terms of educational background:

	Credit Processor	Credit Checker
Most common degree	Bachelor's Degree, 41%	Bachelor's Degree, 45%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit processor vs credit checker demographics

Here are the differences between credit processors' and credit checkers' demographics:

	Credit Processor	Credit Checker
Average age	44	44
Gender ratio	Male, 25.3% Female, 74.7%	Male, 46.4% Female, 53.6%
Race ratio	Black or African American, 9.8% Unknown, 3.9% Hispanic or Latino, 17.4% Asian, 4.0% White, 64.4% American Indian and Alaska Native, 0.6%	Black or African American, 7.5% Unknown, 3.7% Hispanic or Latino, 12.7% Asian, 3.1% White, 72.5% American Indian and Alaska Native, 0.5%
LGBT Percentage	9%	9%

Differences between credit processor and credit checker duties and responsibilities

Credit processor example 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.
Review closing agents' packages after closing, wire funds and review HUD-1 documents.
Verify all documentation meets FHA guidelines and regulations.

Credit checker example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Work on A/R and billing for a manufacturing company specializing in premium orthopedic, reconstructive and postoperative products.
Work on A/R and billing for a manufacturing company specializing in premium orthopedic, reconstructive and postoperative products.

Credit processor vs credit checker skills

Common credit processor skills

Data Entry, 16%
Customer Service, 15%
Financial Statements, 6%
Credit Card Processing, 5%
Credit Card Payments, 5%
Credit Bureaus, 4%

Common credit checker skills

Data Entry, 52%
Credit Checks, 48%

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Updated January 8, 2025

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