Will AI replace Credit Counselors?
Estimated risk score: 74 out of 100
High replacement risk
Estimate from published task research, not reviewed by a person · how we estimate
Within about 19 points for 4 in 5 of the jobs we checked (55 to 93).
For the occupation as a whole, from ratings of its 23 O*NET tasks published in 2023 and calibrated to our hand scores. A specialty inside it can sit higher or lower.
O*NET-SOC 13-2071.00 · Business and Financial Operations
Tasks rated in 2023 as ones AI could do or speed up
Tasks a GPT-4-class model could do, or do in half the time or less: 12 of its 23 rated tasks; the first 6 are shown. In O*NET’s words.
- Calculate clients' available monthly income to meet debt obligations.
- Estimate time for debt repayment, given amount of debt, interest rates, and available funds.
- Explain general financial topics to clients, such as credit report ratings, bankruptcy laws, consumer protection laws, wage attachments, or collection actions.
- Explain loan information to clients, such as available loan types, eligibility requirements, or loan restrictions.
- Prepare written documents to establish contracts with or communicate financial recommendations to clients.
- Advise clients or respond to inquiries about financial matters in person or via phone, email, Web site, or Internet chat.
Tasks rated in 2023 as not sped up by AI
Tasks such a model was rated as not speeding up or taking over: 0 of its 23 rated tasks. In O*NET’s words.
None of its rated tasks.
What the job is
Advise and educate individuals or organizations on acquiring and managing debt. May provide guidance in determining the best type of loan and explain loan requirements or restrictions. May help develop debt management plans or student financial aid packages. May advise on credit issues, or provide budget, mortgage, bankruptcy, or student financial aid counseling.
Also called: Certified Credit Counselor, Certified Consumer Credit and Housing Counselor, Loan Advisor, Loan Servicer, Mortgage Advisor, Mortgage Counselor, Student Loan Counselor, Branch Credit Counselor.
Closest jobs we score by hand
In the same field (Business and Financial Operations). Different jobs, each scored by a person.
Source. This site includes information from the O*NET 30.1 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. USDOL/ETA has not approved, endorsed, or tested these modifications. (O*NET, CC BY 4.0.) Task ratings: Eloundou, Manning, Mishkin and Rock (2023), “GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models”, data used under the MIT licence (licence texts). Our change: we averaged the ratings over this occupation’s tasks and calibrated them to our 0–100 scale. It is not a prediction about any one person and not career advice. Disagree? Write to hello@yourstopwashit.com. How we estimate