: When you apply for a loan, you must provide information on your work, your assets and debts, and your credit rating. A loan officer will meet with you and help you fill out the application. Then he or she looks through your information and helps the bank decide whether to loan you the money. Some loan counselors contact borrowers who are behind in repaying their loans and help them find a way of making payments.
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2008-09 Edition at http://www.bls.gov/OCO/