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Salary and Benefits

Credit Representative
$47K-$58K / yr. (est.)
$48K
$52,976 / year
$58K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Credit Representative

What does a Credit Representative do?

As credit representatives, we analyze the credit data and the financial statements of firms. We determine the risk associated with lending money or extending credit. We also prepare reports with the credit information that is to be used in decision making. Also, we manage files associated with credit and report them. As credit representatives, we hire, monitor, and train the newly hired staff. Ensuring compliance with the legal rules and regulations is also our job. Sometimes, we have to update portfolios. We even supervise the existing loans.

Core tasks:

  • performing cash applications efficiently
  • collecting invoices and recording them relevantly
  • expanding the collection policy and implementing any changes in it

Insights

How Many Years of Experience Do Professionals Need Before Becoming Credit Representative?
On average, people work 3-5 years in other positions prior to becoming a Credit Representative.
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Credit RepresentativeMiami, FL - A year ago
i agree with you, but it never hurts to gain more experience before settling into a specific role. 🤷
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Credit RepresentativePhiladelphia, PA - A year ago
it depends on the person, some might stay longer in one position, others might switch more frequently 🤔
How Long Do Credit Representative Employees Typically Stay in Their Roles?
On average, Credit Representatives works in this position for 5+ years across multiple employers.
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Financial AnalystHouston, TX - A year ago
👏 Credit Representatives contribute significantly to assessing creditworthiness. With my financial expertise as a Financial Analyst, I commend their dedication!
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Bank ManagerMiami, FL - A year ago
Look at the bigger picture! Credit Representatives, I challenge you to grow your careers and consider positions with greater responsibilities!
What Is the Job Hopper Score for Credit Representative Employees?
Moderate job changes in Credit Representative, showing some career movement without excessive turnover.
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Financial AnalystHouston, TX - A year ago
credit representatives who rapidly change jobs might lack dedication or struggle with the required skills, potentially impacting the quality of their work 🤔
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Mortgage UnderwriterMiami, FL - A year ago
As someone in the industry, I believe the focus should be on matching the right professionals to the right role rather than promoting frequent changes. Patience and expertise lead to success. 💪

Career path

Path to job

Discover a Credit Representative's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Credit Representative typically studied at.
Cornell University
Penn State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Credit Representative Employees?
Gender ratio in Credit Representative position: 0.419120613150464 Male and 0.580879386849536 Female. Age ratio in Credit Representative position: 16-20: 14%, 21-30: 65%, 31-40: 13%, 41-50: 6%, 51-60: 2%, 60+: 0%. Credit Representative position is predominantly female (58.1%) with the largest age group being 21-30 years old, followed by 16-20 years old.
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Credit RepresentativePhoenix, AZ - A year ago
Why do we still have predominantly female roles in so many industries? C'mon, let's break those gender stereotypes! 💪
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Credit RepresentativeSan Antonio, TX - A year ago
Ha! Who said age matters? The young ones are taking over! This job keeps me rockin', even at 50! 🎸

Workplaces

Who Are the Top Employers for Credit Representative?
Top employers of Credit Representative position: AT&T, Ecolab, Farm Credit East. People who work in Credit Representative position most typically go on to work for the AT&T.
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Credit RepresentativeMiami, FL - A year ago
AT&T?! Really? That's absurd! I mean, I can understand Ecolab and Farm Credit East, but AT&T being one of the top employers for Credit Representatives? Something doesn't add up. This has to be a mistake!
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Credit RepresentativeSeattle, WA - A year ago
🤔 I guess it must be due to AT&T's extensive customer base. They probably need a significant credit department to handle the financing aspects. Ecolab and Farm Credit East being on the list does make more sense though .
AT&T
Ecolab
Farm Credit East
What Industries Does Credit Representative Typically Have Experience In?
Industry Background: The most typical industries of Credit Representative: Manufacturing, Retail, Finance & Insurance, Information Technology, Wholesale. Credit Representative employees most likely come from a Manufacturing industry background.
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Credit RepresentativeHouston, TX - A year ago
I've worked as a Credit Rep in the retail industry and it's been a rollercoaster ride, constantly juggling between managing credit accounts and tracking payments. 😩
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Credit RepresentativePhiladelphia, PA - A year ago
Credit Reps in the finance industry have it tough. The constant pressure to minimize credit risks and ensure timely payments can be overwhelming. 😫

Find your job as Credit Representative

Discussion about Credit Representative

Want to know more about Credit Representative position?
Share your thoughts and ideas about Credit Representative position with others in our community.
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How is the gender diversity among people working as a Credit Representative?
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Liam Brown3 years ago
60% are women in this profession.
What is the typical age to work as a Credit Representative?
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Benjamin Gardner3 years ago
27 is the average age of people working as a Credit Representative.
How much experience is typically required to work as a Credit Representative?
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Benjamin Gardner3 years ago
You probably need around 4 years to work as a Credit Representative
Which industries are highly likely to employ a Credit Representative?
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Sophie Hayes3 years ago
Manufacturing is typical for a Credit Representative to work in.
Is a degree needed to work as a Credit Representative?
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Isabella Holmes3 years ago
No higher education is the typical for a Credit Representative
Which company is likely to have openings for Credit Representative positions?
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Isabella Holmes3 years ago
Working as a Credit Representative it might be a good next step to work for AT&T, Ecolab, Farm Credit East, Henry Schein and PPG Industries
How many years do people spend as a Credit Representative in their career path?
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Isabella Holmes3 years ago
A Credit Representative typically moves on after more than 5 years
Is it common for people to switch companies and still work as a Credit Representative?
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Benjamin Gardner3 years ago
On average a Credit Representative works for only a few companies.
From which job titles people come from to work as a Credit Representative?
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Sophie Hayes3 years ago
You have a good chance of becoming a Credit Representative if you are working as Customer Service Representative, Credit Analyst or Credit Manager
If I’m working as a Credit Representative, what next position could I have?
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Benjamin Gardner3 years ago
Consider the following: Credit Analyst, Credit Manager or Customer Service Representative
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