Debt Advisor

Debt Advisors help people who are having problems because of money they owe building up into 'problem debt'.
You would be working directly with people to help find solutions to their money issues and could also deliver workshops around financial wellbeing, for example budgeting workshops.

Debt Advisor is also known as Debt Advice Practitioner, Debt Advisor, Money Advisor.

Role Characteristics

Offer support and advice to people who are struggling with debt
Help order debts into order of importance
Create action plans to help people manage their debt
Discuss with creditors a way of organising a practical repayment plan
Complete risk analysis reports
Be empathetic to people's financial circumstances

Skills

Active listening
Using data
Communication
Organisation
Empathy
Customer service

Day in the life

Watch this video to find out more about working in finance.

Routes into this role

Here are some example routes that can lead into this role.

Volunteering or work experience

GCSEs

BTEC

A-Levels

An apprenticeship

How to become

There are many routes into finance work. There are no set entry requirements to become a Debt Advisor however many employers will expect a good standard of English, maths and IT skills.

You may need GCSEs or equivalent qualifications in English and maths. You could undertake on the job training in the form of an apprenticeship or gain higher level qualifications like an undergraduate degree.

It is important to check your preferred employer's entry requirements for guidance.

It is good practice to be registered with the Institute of Money Advisers, for professional recognition, training opportunities and to make industry contacts.

Where can this role lead

No matter what role you start in or where you are in your career path, there are always opportunities to develop and progress in health and care.

You could become a Team Leader, train others around debt advice and money management, or become a specialist in a certain area.