Credit processor vs credit reporter

The differences between credit processors and credit reporters 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 reporter. Additionally, a credit reporter has an average salary of $43,430, 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 reporter are credit bureaus, business credit reports, and customer service.

Credit processor vs credit reporter overview

	Credit Processor	Credit Reporter
Yearly salary	$31,890	$43,430
Hourly rate	$15.33	$20.88
Growth rate	-3%	-3%
Number of jobs	11,088	6,790
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 41%	Bachelor's Degree, 37%
Average age	44	44
Years of experience	6	6

Credit processor vs credit reporter salary

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

	Credit Processor	Credit Reporter
Average salary	$31,890	$43,430
Salary range	Between $26,000 And $38,000	Between $28,000 And $65,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between credit processor and credit reporter education

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

	Credit Processor	Credit Reporter
Most common degree	Bachelor's Degree, 41%	Bachelor's Degree, 37%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit processor vs credit reporter demographics

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

	Credit Processor	Credit Reporter
Average age	44	44
Gender ratio	Male, 25.3% Female, 74.7%	Male, 20.4% Female, 79.6%
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, 11.4% Unknown, 3.7% Hispanic or Latino, 17.2% Asian, 3.9% White, 63.3% American Indian and Alaska Native, 0.5%
LGBT Percentage	9%	9%

Differences between credit processor and credit reporter 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 reporter 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.
Provide direct service with customers to process loan modifications, typically under SBA regulations.

Credit processor vs credit reporter 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 reporter skills

Credit Bureaus, 31%
Business Credit Reports, 30%
Customer Service, 16%
Credit History, 16%
Outbound Calls, 6%