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If you or someone in your family uses a credit card, 

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a decision had to be made about whether you could be trusted to pay back the money you charge.  

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That decision depends on the work of a credit analyst. 

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A credit analyst examines the financial statements and credit history of individuals or companies.  

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Based on that information, the analyst determines the degree of risk involved in extending credit, or lending money.

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Credit analysts often work for banks and other financial institutions, though any corporation that extends credit might employ one or more.

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For example, manufacturing concerns might run credit checks on customers before starting to make products, 

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to make sure that customer has a history of paying on time.

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It’s a job that requires careful consideration of information, and the ability to prepare a clear, objective report. 

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The decisions must be made on facts, not instinct, so a credit analyst 

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must be able to focus on details, hour after hour, and day after day.  

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The working conditions are usually very comfortable, with an office, and a standard 40-hour workweek the norm. 

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A bachelor’s degree is the most common source of training.

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College graduates with business related degrees can move easily into these positions, 

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but it can be a position for which training is available on the job. 

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A key part of the nation’s economy runs smoothly when this job is done well.  

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Without credit, in fact, much of the economy would grind to a halt; 

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houses wouldn’t be built, tuitions wouldn’t be paid, cars wouldn’t be bought…the list goes on and on.  

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To continue the flow of credit, analysts consider whether it’s safe to loan the money, case by case.