dcsimg

Career Story: Former Credit Representative For A Automobile Finance Company

Former Credit Representative For A Automobile Finance Company

Job Title: Credit Representative

Type of Company: My company financed auto loans for car dealerships.

Education: BSBA, Bridgewater State College (Bridgewater, MA)

Previous Experience: I worked as an auditor for the General Motors Acceptance Corporation (GMAC).

Job Tasks: I audited dealership books to be sure they were paying off their wholesale floor plan. I also handled the analysis of their credit rating in order to obtain their interest rate on their wholesale floor plan. We would consider such things as inventory, personal assets of the principal dealer and the location and volume of sales. we would gather information in-house as well as at the dealership itself. We would review all sales and estimate the time necessary to pay off the inventory. Interacting with the dealers was always professional but often included luncheons and social events. I would attend their fundraisers and personal celebrations such as Christmas parties. If you are a social person and enjoy being with people this is a great job for you. And the dealers welcome the help. Any advice that will help them with their business is appreciated.

Also, working on the road appeals to a lot of people who do not like to be cooped up in an office in a cubicle. Often the only positions that include work on the road would be sales, so this is a good alternative.

Best and Worst Parts of the Job: The best part of this job was interacting with the people at the dealerships. I was able to help them keep their finances in check. This enabled them to make their companies more successful.

The worst part of this job was the long hours. Sometimes I wouldn't get back to the office until 8 or 9 o'clock at night. The pay was salary so I was not compensated for all the extra hours. Work on weekends was also a mandatory part of my job.

Job Tips: Be sure to achieve the highest level of education possible when entering this field. Once you are committed to you career it's difficult to take time to go back to school. Competition is tough so often the person with the most education gets the promotion. You can never have enough education.

Popular Schools offering Financial Analysis Programs

quickinfoThese schools offer particularly quick info upon request, and we have written detailed profiles for each (click school names to see the profiles).

Request info from multiple schools, by clicking the Request Info links.

Matching School Ads

For over 35 years, Keiser University has provided student-centered, quality career education. Keiser University Online offers degree programs online to prepare students for in-demand professions.

  • Programs: Business Administration, BA - Finance
  • Degrees: Bachelor

Pursue your MBA or MSEd online.

  • Programs: MBA - Finance, MBA - Accounting
  • Degrees: Master

Earn your graduate degree online with Northcentral University.

  • Programs: Financial Management - D.B.A., Financial Management - PhD in Bus. Admin., Advanced Accounting - PhD in Bus. Admin., more...
  • Degrees: Doctorate

Colorado State University-Global Campus

Colorado State University-Global Campus (CSU-Global) recently received state approval to enroll students with little to no prior college experience. To help ensure student success, the university has created a program especially for these students who plan on starting their college experience for the first time with us.

  • Programs: Master - Finance, Master - Professional Accounting, BS - Accounting
  • Degrees: Master, Bachelor

Liberty University provides a world-class education with a solid Christian foundation, equipping men and women with the values, knowledge, and skills essential for success in every aspect of life.

  • Programs: BS in Business - Finance , CERT: Accounting, AA in Accounting, more...
  • Degrees: Bachelor, Certificate, Associate, Master

Study online with University of Maryland at College Park.

  • Programs: MBA - Finance, MBA - Accounting
  • Degrees: Master
California College San Diego
National City, San Diego, San Marcos

The Secret to Getting Ahead is Getting Started

  • Programs: Business Management & Accounting (AAS), Accounting (BS), Business Management & Accounting - Property Management (AAS)
  • Degrees: Associate, Bachelor

You can get started on a new career with Institute of Technology.

For more information about our graduation rates, the median debt of students who completed the program, and other important information, please visit our website at www.iot.edu/disclosure

  • Programs: Accounting
  • Degrees: Associate
San Joaquin Valley College
Bakersfield, Delano, Hanford, Hesperia, Lancaster, Madera, Ontario, Salida, Temecula, Visalia

San Joaquin Valley College - A Private Junior College.

  • Programs: Degree - Business Administration (Accounting) , Certificate - Business Administration (Accounting)
  • Degrees: Associate, Certificate
National Career College
Panorama City

Choosing a school and a new career path can be a very overwhelming process.

  • Programs: Business Management and Accounting
  • Degrees: Associate
Matching School Ads

Additional Career Stories for Credit Analysts

The inside stories from people actually working in the field.
Click a story title to show the story, and click the title again to hide it.

All Types

You are visiting:

Find a school near you

What are Career Stories?

Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.

Most stories include:

  • a typical day or project
  • tips and advice
  • best and worst parts
  • educational background
  • previous experience

Browse hundreds of Career Stories

More Details On This Career

Please also see our detailed information about Credit Analysts, including: