Credit Repair Specialist Job Description, Key Duties and Responsibilities
If you need to learn about the job description of a credit repair specialist, this post will be your best guide.
It highlights the key duties, tasks, and responsibilities that commonly define the credit repair specialist work description in most organizations.
It also shows the major requirements, including skills and experience that recruiters for the credit repair specialist job commonly expect prospective candidates to meet to be considered for the role.
Please, continue reading to learn more about the credit repair specialist career:
What Does a Credit Repair Specialist Do?
A credit repair specialist performs the function of helping people to fix their credits, enabling more opportunities to be available for their clients in the future.
A credit repair specialist may work with a credit repair company or multilevel marketing business. He/she is responsible for working with consumers to clean up their credit reports and begin improving their credit.
In the process of discharging his or her duties, a credit repair specialist makes sure that clients, consumers or customers are aware of their rights to dispute information on their own for free.
The credit repair specialist job description entails reviewing the credit reports of consumers, customers, or clients from all three credit bureaus.
Credit bureaus, also known as credit reporting agencies (CRAs), are companies that are responsible for gathering and maintaining customer credit information, they then resell it to other businesses in the form of a consumer’s credit report.
The three major credit agencies in the United States are Equifax, Experian, and Transunion.
After reviewing the full credit reports of the consumers, clients or customers, the credit repair specialist will ask them to bring in their credit report, or he or she may use software to pull their credit report information before being able to fix their credits.
A credit repair specialist will also assist in the composition of the appropriate letters to the credit bureaus and to debt collection agencies.
These letters are usually specific to the clients, consumers, or customers’ credit information, not conflicting letters that may be ignored by the credit bureaus. He/she then mails the letter on behalf of the customer, client, or consumer.
A professional credit repair specialist can also provide or recommend various options for how to handle negative items on consumers’ credit reports, and also help to decide the best way to proceed based on their circumstance and their long-term credit and financial goals.
These provided options may include disputing, paying off, and negotiating removal, and settling or waiting out the credit reporting time limit.
In addition, the credit repair specialist work description also involves protecting the privacy of his/her clients, as the information that is collected from clients can be used to steal their identities if they land in the wrong hands.
Privacy is very important for maintaining the credit repair results of clients or consumers.
In terms of academic qualifications, there are no specified education requirements to become a credit repair specialist, but a degree or experience in finance or a related field can be beneficial or at a high advantage.
However, possessing a credit repair certification is very important.
Credit Repair Specialist Job Description Example/Sample/Template
Credit repair specialists perform various functions in helping their clients resolve their credit issues. The primary duties, tasks, and responsibilities that typically make up the credit repair specialist job description are shown below:
- Ensuring that the information and privacy of clients are well secured
- Providing and recommending various options on how clients or consumers’ credit report can be handled or fixed
- Assisting in the preparation of the appropriate letters to the credit bureaus
- Reviewing full credit reports from all the three major credit bureaus mentioned earlier
- Making sure that clients or consumers are aware of their rights to dispute information on their own for free
- Avoid guaranteeing or assuring clients or consumers a specific result, or promising that information will be removed from their credit report
- Providing clients or consumers with a written contract before performing any service on their behalf as required by law
- Understanding government agencies involved in consumer rights
- Staying aware of the State’s credit repair laws and bond requirements for credit repair organizations and debt collectors.
Credit Repair Specialist Job Description for Resume
If you are making a resume and have worked before as a credit repair specialist, you can create the work or professional experience section of your resume by applying the duties and responsibilities of the credit repair specialist provided in the above job description sample.
The professional experience is the part of your resume where you highlight the duties and responsibilities that you performed working as a credit repair specialist if you have worked or are presently working in that role.
It is an important section to include in your resume if you have worked before or are currently holding the position of a credit repair specialist. It helps the recruiter to know that you have the required experience for the role.
Credit Repair Specialist Requirements – Skills, Knowledge, and Abilities for Career Success
If you are seeking the job of a credit repair specialist, you will need to meet certain requirements to prove to the recruiter that you have the capacity to succeed in performing the obligations, purpose, and obligations of the credit repair specialist role that will be assigned to you.
Shown below are major credit repair specialist requirements job seekers may be expected to meet if they are seeking the position:
- Knowledge of information security and privacy
- Deep knowledge of the laws affecting credit and credit repair
- Possessing at least a little experience in finance or a related field
- High analytical and problem-solving skills to figure out the issues with consumers’ credit, cleaning up their credit reports so they can begin improving their credit
- Possessing a credit repair certification is important, as money is personal and people will only trust a credit repair specialist with their money only if they trust or believe him or her, and the only way to do this is by owning a credit repair certification.
If you are a recruiter or HR manager hiring for the credit repair specialist position in your organization, you will need to publish a description of the role to guide prospective candidates on the duties they will be expected to perform if hired.
With this information, they will be able to know if they have the competence to effectively perform the role.
You can apply the sample job description provided above in creating the perfect description for the available credit repair specialist job in your organization.
This article is also beneficial to individuals interested in the credit repair specialist career to gain deep knowledge of what the role does, and so be able to make informed decisions about the career.
Did this post help increase your knowledge of what credit repair specialists do? Please, leave a comment in the box below. You can also share your job description if you work as a credit repair specialist.