Commonly asked overtime pay law questions about Credit Counselors:
- What is a Credit Counselor?
- What is the Salary Range for a Credit Counselor?
- How Many Credit Counselors Are Nationally Employed?
- Where Are Most Credit Counselors Employed?
- Credit Counselor Overtime Pay Lawsuit News
- What are the Laws for Credit Counselor Overtime Pay?
- Are Credit Counselors Entitled to Overtime Pay?
- Credit Counselor Overtime Pay Lawyer Review
What Is a Credit Counselor?
Credit Counselors advise and educate individuals or organizations on acquiring and managing debt. They may also provide guidance in deciding the best type of loan and explaining loan requirements or restrictions. They can also help develop debt management plans, advise on credit issues, or provide budget, mortgage, and bankruptcy counseling.
What is the Salary Range for a Credit Counselor?
Depending on the work setting and state where Credit Counselors are employed, the U.S. Bureau of Labor Statistics (BLS) noted that in 2016, Credit Counselors made between $29,000 and $75,000, with the average annual salary being approximately $49,000.
How Many Credit Counselors Are Nationally Employed?
According to the United States Department of Labor, employment estimate and mean wage estimates for this occupation are as follows:
|Employment||Employment RSE*||Mean Hourly Wage||Mean Annual Wage||Wage RSE|
*RSE: The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.
According to the United States Department of Labor, the percentile wage estimates for a Credit Counselor is as follows:
Where Are Most Credit Counselors Employed?
According to the United States Department of Labor, states with the highest employment level in this occupation are as follows:
|State||Employment||Employment Per Thousand Jobs||Location Quotient||Hourly Mean Wage||Annual Mean Wage|
Credit Counselor Overtime Pay Lawsuit News
Credit Counselor Overtime Pay Lawsuit News
LOS ANGELES — Financial advisers and trainees for Chase Investment Services Corp. (CISC) were denied class certification in California federal court recently. The advisers and trainees claimed the company misclassified them in violation of the Fair Labor Standards Act (FLSA) and California labor law and denied them the overtime wages to which they were entitled. […]
What are the Laws for Credit Counselor Overtime Pay?
Under the Fair Labor Standards Act, Credit Counselors are often entitled to overtime pay for all hours worked over 40 in one week. If an employer denies a Credit Counselor overtime wages, it could give rise to an overtime pay lawsuit.
There are strict time limitations for filing a claim so it is important that you discuss your case in a timely manner. If you wait too long, you may lose your ability to recover some or all of your back pay. An experienced Credit Counselor overtime pay attorney can determine whether you are entitled to overtime wages based upon your job description, job duties, rate of pay, and number of hours worked.
Some states have their own overtime pay laws that may be slightly different from the FLSA with respect to overtime pay for Credit Counselors. There are strict time deadlines for filing lawsuits so it is essential that you contact an attorney immediately.
Are Credit Counselors Entitled to Overtime Pay?
Credit Counselors perform essential duties such as advising and educating individuals or organizations on acquiring and managing debt. Due to their large number of tasks and responsibilities they often work more than 40 hours in a workweek. Many of them are not paid overtime for these excess hours as required under the FLSA. The employer’s failure to pay required overtime to a Credit Counselor can result in a lawsuit for overtime pay.
To determine whether you are eligible for filing a wage claim, contact our experienced Credit Counselor Overtime Pay Lawyers at (855) 754-2795 for a Free Consultation to discuss your case or complete the Free Unpaid Overtime Case Review Form on this page.
We will discuss your situation and determine if you have a claim. If you are owed unpaid wages, we will represent you under our No Fee Promise, which means there are never any legal fees or costs unless you receive a settlement.