We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

How Do I Become a Credit Authorizer?

Gerelyn Terzo
Updated Feb 01, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Credit authorizers enforce the financial policies pronounced by lending facilities, including banks, retailers, and financing businesses. Given that it is the responsibility of these professionals to follow and not set the lending policies, the requirements to become a credit authorizer are not especially stringent. A high school diploma may be all the education that is needed to achieve a career in credit authorization, although some employers prefer that a college degree be earned as well. Lending agencies are likely to provide new employees with extensive training to prepare them for the role.

Advancements in technology permit for the quick and easy processing of credit applications electronically. Even as the Internet has changed the way that credit seekers might apply for financing, it has not replaced the need for live industry professionals to fulfill these tasks. This is especially true as the policies set forth by lenders evolve and credit decisions are less straightforward. As a result, the need for professionals in this industry may remain constant or expand through different economic cycles, which is good for a professional who is seeking to become a credit authorizer.

Certain employers require nothing more than a high school diploma for individuals seeking employment in this industry. Other lenders and financiers might expect that employees complete some type of college education either in a trade school or a local college that provides exposure to accounting. As with any industry, career experience will help any professional advance to a more senior position after meeting the early requirements to become a credit authorizer.

To become a credit authorizer, an individual should demonstrate an interest and proficiency for mathematics. Also, this job requires examining credit scores and payment histories and assessing the credit worthiness of individuals and businesses seeking financing. In those instances where a credit decision is opaque, analytical skills may come into play.

Communication is another attribute that will support the path to become a credit authorizer. These professionals must deal with the public throughout the course of the day over the telephone, in Internet communication, or in person. Not only will a credit authorizer deal with potential borrowers but also other industry professionals including retailers who might be seeking credit approval for customers.

An individual who is seeking a career in the lending industry may be able to pursue a job in auto financing. Auto dealers may have financing arms that extend credit to customers. Someone who prefers to work in an environment that supports both sales professionals and customers might be suited for this sector.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Gerelyn Terzo
By Gerelyn Terzo
Gerelyn Terzo, a journalist with over 20 years of experience, brings her expertise to her writing. With a background in Mass Communication/Media Studies, she crafts compelling content for multiple publications, showcasing her deep understanding of various industries and her ability to effectively communicate complex topics to target audiences.
Discussion Comments
Gerelyn Terzo
Gerelyn Terzo
Gerelyn Terzo, a journalist with over 20 years of experience, brings her expertise to her writing. With a background in...
Learn more
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.