FICEP EXAM LATEST 2026 UPDATED QUESTIONS AND VERIFIED
100% SOLUTIONS (2026/2027) GRADE: A+|STATUS:
GUARANTEED PASS
T/F: Payment history has the least influence on one's credit score - Answers -False - it is the
largest influence on an individual's credit score
T/F: Inquiries impact credit scores - Answers -True
Individuals with high credit scores: - Answers -Have a low percentage of available revolving
credit
T/F: There is a federal law that states that wages cannot be garnished for child support
payments - Answers -False
When dealing with creditors/collectors, it is important for members to: - Answers -Be proactive
T/F: Once a collection is paid, the negative history is not immediately removed from one's credit
report - Answers -True
1|Page
, The amount a cardholder is required to pay each month is the: - Answers -Minimum payment
An advantage of using a credit card is: - Answers -Peace of mind knowing funds are available
T/F: You should accept unsolicited increases to your credit limit to help maximize borrowing
power - Answers -False
T/F: If a medical bill is ultimately paid by an insurance company, the CRAs must remove the item
from a credit report - Answers -True
T/F: Estate obligations must be paid prior to any inheritance being paid - Answers -True
When counseling members, when is the best time to ask if they have medical debt? - Answers -
During an initial needs assessment
When it comes to address medical debt, counselors need to: - Answers -Coach members on
how to handle medical debt
A rule of thumb for education funding is known as the: - Answers -Rule of thirds
2|Page
100% SOLUTIONS (2026/2027) GRADE: A+|STATUS:
GUARANTEED PASS
T/F: Payment history has the least influence on one's credit score - Answers -False - it is the
largest influence on an individual's credit score
T/F: Inquiries impact credit scores - Answers -True
Individuals with high credit scores: - Answers -Have a low percentage of available revolving
credit
T/F: There is a federal law that states that wages cannot be garnished for child support
payments - Answers -False
When dealing with creditors/collectors, it is important for members to: - Answers -Be proactive
T/F: Once a collection is paid, the negative history is not immediately removed from one's credit
report - Answers -True
1|Page
, The amount a cardholder is required to pay each month is the: - Answers -Minimum payment
An advantage of using a credit card is: - Answers -Peace of mind knowing funds are available
T/F: You should accept unsolicited increases to your credit limit to help maximize borrowing
power - Answers -False
T/F: If a medical bill is ultimately paid by an insurance company, the CRAs must remove the item
from a credit report - Answers -True
T/F: Estate obligations must be paid prior to any inheritance being paid - Answers -True
When counseling members, when is the best time to ask if they have medical debt? - Answers -
During an initial needs assessment
When it comes to address medical debt, counselors need to: - Answers -Coach members on
how to handle medical debt
A rule of thumb for education funding is known as the: - Answers -Rule of thirds
2|Page
