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The differences between credit representatives and credit assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a credit representative and a credit assistant. Additionally, a credit representative has an average salary of $39,268, which is higher than the $33,741 average annual salary of a credit assistant.
The top three skills for a credit representative include customer service, customer accounts and patients. The most important skills for a credit assistant are data entry, financial statements, and customer service.
| Credit Representative | Credit Assistant | |
| Yearly salary | $39,268 | $33,741 |
| Hourly rate | $18.88 | $16.22 |
| Growth rate | -8% | -5% |
| Number of jobs | 73,520 | 5,294 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 50% |
| Average age | 39 | 39 |
| Years of experience | 2 | 2 |
Credit representatives are professionals who analyze the credit data and the financial statements of firms or individuals for the determination of the risk in lending money or extending credit. The representatives are tasked to prepare reports with credit information used in decision making. They manage credit files and process credit reports from different credit reporting sources. They also mentor and coach credit representatives newly hired in corporate procedures and policies. Also, they expand collection procedures and policies to lessen DSO parameter risk.
A credit assistant is responsible for processing credit requests and assisting customers. They usually answer inquiries, explain procedures, provide instructions, and deal with customer concerns. In some companies, a credit assistant is also in charge of providing support to managers, supervisors, or investigators by preparing and processing documents, handling calls and correspondence, arranging appointments, and coordinating with different departments. They may also participate in training new employees.
Credit representatives and credit assistants have different pay scales, as shown below.
| Credit Representative | Credit Assistant | |
| Average salary | $39,268 | $33,741 |
| Salary range | Between $28,000 And $54,000 | Between $26,000 And $43,000 |
| Highest paying City | White Plains, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Systemax | Carter Lumber |
| Best paying industry | Construction | Finance |
There are a few differences between a credit representative and a credit assistant in terms of educational background:
| Credit Representative | Credit Assistant | |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit representatives' and credit assistants' demographics:
| Credit Representative | Credit Assistant | |
| Average age | 39 | 39 |
| Gender ratio | Male, 29.5% Female, 70.5% | Male, 20.4% Female, 79.6% |
| Race ratio | Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 10.0% Asian, 7.8% White, 71.0% American Indian and Alaska Native, 0.3% | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |