Job Description:

• 1) Provides financial counseling to individuals in debt: Confers with client to ascertain available monthly income after living expenses to meet credit obligations.

• 2) Calculates amount of debt and funds available to plan method of payoff and estimate time for debt liquidation.

• 3) Contacts creditors to explain client's financial situation and to arrange for payment adjustments so that payments are feasible for client and agreeable to creditors.

• 4) Establishes payment priorities to reduce client's overall costs by liquidating high-interest, short-term loans or contracts first.

• 5) Opens account for client and disburses funds from account to creditors as agent for client.

• 6) Keeps records of account activity.

• 7) May counsel client on personal and family financial problems, such as excessive spending and borrowing of funds, and be designated Budget Consultant.

• 8) May be required to be licensed by state agency.