How to Become a Consumer Credit Analyst

Step 1: Understand the job description and responsibilities of a Consumer Credit Analyst

What does a Consumer Credit Analyst do?

A Consumer Credit Analyst reviews credit data to evaluate consumer loan requests in order to approve or deny applications. Analyzes financial information, such as income growth, quality of management, and market share to determine profitability of loan. Being a Consumer Credit Analyst requires a bachelor's degree in area of specialty. Typically reports to a supervisor or manager. To be a Consumer Credit Analyst typically requires 2 to 4 years of related experience. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work.

People's Opinions on Consumer Credit Analyst responsibilities

The main task attributed to consumer credit analysts is to review data provided on loan and credit applications, in order to make a determination whether approving that application is a feasible risk for the bank or financial institution.

01/14/2020: Pocatello, ID

Prerequisite to this, consumer credit analysts must have a firm grasp on what constitutes a good risk and what constitutes a faulty one.

01/12/2020: Spartanburg, SC

Credit analysts collect and analyze data and prepare reports for loan officers or managers concerning the application.

12/28/2019: New London, CT

Because consumer financials are rarely cut and dried, credit analysts must be able to evaluate a large amount of information in a short period of time and provide an honest and objective appraisal of a person’s financial situation.

02/02/2020: Philadelphia, PA

Reading credit reports and piecing together the story of a person’s finances is imperative to being a good consumer credit analyst.

01/03/2020: Columbus, OH
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Step 2: Learn best tips to become a Consumer Credit Analyst

Best tips for those who want to become a Consumer Credit Analyst

Here are some tips to become a Consumer Credit Analyst.

Step 3: View best colleges and universities for Consumer Credit Analyst

Best colleges and universities for Consumer Credit Analyst

  • Florida Southern College
  • Colby College
  • Dartmouth College
  • University of Notre Dame
  • Western Washington University
  • Canisius College

Step 4: Think about whether is it worth to be a Consumer Credit Analyst

Is being a Consumer Credit Analyst Worth it?

People's Opinions on lifestyles

ArborOne Farm Credit is seeking an experienced Credit Analyst to underwrite agricultural loans.

02/20/2020: Bangor, ME

Sound knowledge of credit scores reported on commercial credit bureaus and consumer credit bureaus.

02/15/2020: Chattanooga, TN

This role is responsible for staying on top of web trends and consumer browsing behavior in order to improve our business and measure against our own consumer….

01/12/2020: Birmingham, AL

Review and understand consumer complaints received by the organization so accurate and compliant responses are communicated to consumers.

02/01/2020: Hialeah, FL

Because consumer financials are rarely cut and dried, credit analysts must be able to evaluate a large amount of information in a short period of time and provide an honest and objective appraisal of a person’s financial situation.

02/24/2020: Des Moines, IA
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Step 5: Prepare relevant skills for being a Consumer Credit Analyst

What skills do you need to be a Consumer Credit Analyst?

This is not a management position, but still requires important skills in order to fully execute the role.  A keen understanding of the following is necessary for the role: Credit Analysis, Risk Assessment, Risk Analysis.  Some of the more basic skills utilized in this role include: Banking Software, Loan Software.  These skills are certainly important to the role, but keep in mind, fit into a company culture and environment is often just as important.

People's Opinions on Consumer Credit Analyst skills

Detail-oriented consumer credit analyst who expertly reviews consumer data to determine whether or not loan and credit applications should be approved.

01/06/2020: Lubbock, TX

Compared the liquidity, profitability and credit histories of consumers being evaluated with those of similar consumers in the same geographical region.

02/19/2020: Harlingen, TX

Analysts must be able to see past the smoke screen of information and evaluate the real numbers.

01/12/2020: Utica, NY

Must be detailed oriented to ensure work is accurate and credit decisions are executed in compliance with policies and procedures.

02/10/2020: Brownsville, TX

Must possess knowledge of applicable consumer compliance regulations.

11/30/2019: Providence, RI
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Step 6: View average salary for Consumer Credit Analyst

How much does a Consumer Credit Analyst make?

The average salary range for a Consumer Credit Analyst is from $51,884 to $66,038. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Consumer Credit Analyst
$51,884 to $66,038

Step 7: Find relevant Consumer Credit Analyst jobs, and apply.

Looking for Consumer Credit Analyst jobs?

Here are some Consumer Credit Analyst jobs in the United States.

Search Consumer Credit Analyst Jobs in the United States

Step 8: Explore Career Path of Consumer Credit Analyst

Step 8: Explore Career Path of Consumer Credit Analyst? Consumer Credit Analyst II