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Loan Counselors  

Definition of Occupation

Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions. For many individuals, taking out a loan may be the only way to afford a house, car, or college education. As banks and other financial institutions begin to offer new types of loans and a growing variety of financial services, loan counselors will have to keep abreast of these new product lines so that they can meet their customers' needs.