Credit Checker: Employment Info and Job Duties of a Credit Checker

Apr 15, 2019

Career Definition of a Credit Checker

A credit checker is an investigator who researches the history and credit standing of either a person or a business who is in the process of applying for credit or a loan. The duties of a credit checker are performed by telephone or online, and include gathering information from banks, employers, mortgage providers and other businesses. The information is then used to either accept or deny credit to a potential loan recipient. Credit reporting agencies hire credit checkers (also called credit investigators or credit reporters) to update and verify information on credit reports.

Educational Requirements High school diploma; undergraduate degree in business may be beneficial
Job Skills Working knowledge of financial computer programs, strong interpersonal skills and accuracy in presenting findings
Median Salary (2018)* $38,750 (for credit authorizers, checkers and clerks)
Job Outlook (2016-2026)* -3% (for credit authorizers, checkers and clerks)

Source: *U.S. Bureau of Labor Statistics

Required Education

A high school diploma is usually the only requirement, but an undergraduate degree in business can be helpful. In a 4-year business degree program, students can expect to study finance, accounting and related fields, all of which can be beneficial to aspiring credit checkers.

Skills Required

A credit checker should have a working knowledge of financial computer programs and data entry and data processing methods. Since many of the job duties involves phone interviews, interpersonal skills are essential. A credit checker must be willing to sit for long periods of time in front of a computer or telephone, and must be honest and accurate when presenting their findings.

Economic and Career Outlook

As of May 2018, the median salary for credit authorizers, checkers and clerks was $38,750, according to the U.S. Bureau of Labor Statistics. Unfortunately, employment opportunities for credit authorizers, checkers and clerks are expected to decline by 3% between the years 2016 and 2026. This is due to improving technologies that are simplifying the loan and credit application processes.

Alternate Career Options

Other careers that may appeal to those interested in becoming a credit checker are:

Bill and Account Collector

With a high school diploma and some on-the-job training, these collectors try to recover payments of overdue bills and negotiate repayment plans with debtors. Employment for bill and account collectors was projected by the BLS to decline by 3% from 2016 to 2026 because of efficient technologies and the merging of industry responsibilities. The BLS also reported a median salary of $36,020 for bill and account collectors in 2018.


Tellers work in banks depositing money, cashing checks and collecting payments. On-the-job training, in addition to a high school diploma, are required to enter this career, for which the BLS projected an employment decline of 8% from 2016-2026. In 2018, the BLS reported median earnings of $29,450 per year for tellers.

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