As of May 01, 2026, the average salary for a Credit Clerk in the United States is $41,266 per year, which breaks down to an hourly rate of $20.
However, a Credit Clerk's salary can vary significantly. Here’s a look at the typical salary range:
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A Credit Clerk's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Credit Clerk's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Credit Clerk | 0-1 years | $41,266 |
| Credit Clerk, Sr. | 1-3 years | $47,718 |
| Credit Analysis Manager | 3-5 years | $117,660 |
| VP of Credit Analysis | 5+ years | $207,257 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Credit Clerks. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 10.88% |
| Credit Reports | 1.98% |
| Data Entry | 1.41% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Risk Management
|
$59,836 |
45%
|
|
Process Improvement
|
$54,471 |
32%
|
|
Credit Analysis
|
$52,408 |
27%
|
|
Underwriting
|
$51,583 |
25%
|
|
Credit Risk
|
$50,757 |
23%
|
|
Financial Analysis
|
$50,345 |
22%
|
Your level of education can impact your salary potential. While many Credit Clerks enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Credit Clerk with a High School Diploma or Technical Certificate is between $39,506 and $42,786).
Credit Clerk Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 45.8% |
| High School | 45.8% |
| Associates | 16.7% |
| Bachelors | 29.2% |
| Masters | 8.3% |
| Doctorate | 0.0% |
Understanding how a Credit Clerk's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 01, 2026For a Credit Clerk, the most direct path to higher earnings is advancing to the Credit Clerk, Sr. role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $47,718 - a projected growth of 16% over your current level.
Salaries for a Credit Clerk can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $44,023 in 2023 to around $42,572 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Credit Clerk salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $44,023 |
| 2024 | $43,426 |
| 2025 | $42,572 |
| 2026 |
View More
|
| 2027 |
View More
|
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A Credit Clerk's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Credit Clerk earns the most in San Jose, CA, where the annual salary of a Credit Clerk is $52,049.
The highest pay for Credit Clerk is $50,725.
The lowest pay for Credit Clerk is $33,385.
Evaluates and suggests creditworthiness of prospects and customers to decrease financial risk to the organization. Checks credit applications and grants approval within established guidelines for organizations or individuals. Communicates with the customers and other departments to solve the credit problems. May negotiate terms of payment to assist with collection of overdue balances. Requires a high school diploma or its equivalent. Typically reports to a supervisor or manager. Possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
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