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

Since 1949, Grand Canyon University has been a premier private university in Arizona, helping students find their purpose and achieve their potential.

  • Programs: M.B.A.: Finance, B.S. in Finance and Economics, B.S. in Accounting, more...
  • Degrees: Master, Bachelor

You've found Ashford University, where school comes to you. Earn your bachelor's or master's degree online.

  • Programs: BA/Consumer and Family Financial Services, MBA - Finance, BA/Finance, more...
  • Degrees: Bachelor, Master

Lower Tuition Cost Than Many Other Universities.  Classes Start Soon.

  • Programs: Bachelor of Science in Accounting, Master of Science in Accounting, Master of Business Administration in Accounting
  • Degrees: Bachelor, Master

Study online with University of Maryland at College Park.

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

Johns Hopkins University Carey Business School has brought the philosophy of business with humanity in mind to a part time format.

  • Programs: Flexible MBA - Financial Business, Master of Science in Finance
  • Degrees: Master

Welcome to Argosy University

Argosy University offers doctoral, master's, and bachelor's degree programs to students through its eight colleges:  College of Behavioral Sciences, Graduate School of Business and Management, College of Education,  College of Health Sciences, College of Arts and Sciences, College of Creative Arts and Design, College of Clinical Psychology and Western State College of Law at Argosy University as well as certificate programs in many areas.

  • Programs: Business Administration - Finance (BS) (Online), Business Administration - Accounting (BS) (Online)
  • Degrees: Bachelor

Founded in 1872, Maryville University is a four-year, private university located in west St. Louis County.

  • Programs: Online Master of Business Administration Financial Services Concentration, Online Master of Business Administration Accounting Concentration
  • Degrees: Master

Saint Xavier University, Chicago’s oldest Catholic university, has a long history of educating students to prepare them for professional success and lay the foundation for personal fulfillment.

  • Programs: MS in Finance
  • Degrees: Master

You’re serious about success. With your busy schedule and the desire to move your career forward, you can earn an accredited associate, bachelors or master’s degree at a pace that works for you anywhere, anytime, 24/7.

At AIU, the Serious U, you can get started to get ahead.

  • Programs: MBA - Finance, Bachelor's (BBA) - Finance, Bachelor of Accounting , more...
  • Degrees: Master, Bachelor
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:

Back to Top