FiCEP 6th Edition Terms Chapters 1-30
- A replacement for profession remedy
- A method that fits every member
- Solely an records collecting interview
- An possibility for the counselor to take manage
- An answer to each trouble
- A assured solution - ANS-Financial Counseling isn't always...
- Avoids Absolutes or Directives
- Anecdotes
- Humor
- Metaphors
- Personal Stories - ANS-What are some characteristics of a Soft Approach?
- Banks
- Credit Unions
- Retailers
- Finance Companies - ANS-What are the four most not unusual Credit Card Issuers?
- Be a Good Listener
- Be Non-Judgmental
- Control the Interview and Other Interactions - ANS-What are some Essential Qualities of
Financial Coaches?
- Budgeting
- Debt
- Credit
- Financial Planning - ANS-What are the four Main Elements of Financial Counseling?
- Character
- Capacity
- Capital
- Collateral
- Conditions - ANS-What are the 5 C's of Credit?
- Collect and Analyze Member Data
- Establish Clear Financial Goals
- Develop a Spending Plan
- Develop a Debt Repayment Plan
- Develop an Action Plan
- Implement the Plan, Follow Up, and Adjust as Needed - ANS-What are the 6 steps of the
Financial Counseling Process?
, - Finding the proper answer is continually quick and clean
- You ought to cast off everything whilst you budget
- Members will continually observe your guidelines
- Counselors can assist anyone, etc. - ANS-List a few monetary counseling myths.
- Increased Productivity
- Reduce Absenteeism
- Increase Loyalty
- Increase Benefit Enrollment - ANS-Why educate personnel?
- Lifestyle Adjustment
- Debt Consolidation Loans
- Debt Management Programs (DMP)
- Debt Settlement - ANS-What are the 4 Debt Repayment Strategies for Eliminating Debt?
- Orderly
- Specific
- Straightforward
- Perceived as Aggressive
- Reason and Logic - ANS-What are a few characteristics of a Hard Approach?
- Paystubs
- Credit Card Statements & Outstanding Bills
- Reoccurring Utility Statements (3 months' worth)
- Garnishment or Collection Information
- Credit Reports
- Bank Statements - ANS-What need to a member convey with them to or earlier than their
initial Coaching meeting?
- Restating or Paraphrasing
- Summarizing - ANS-What are a few Active Listening techniques?
- Retirement Savings
- Emergency Savings
- Set-Aside/Periodic Savings - ANS-What are the 3 kinds of savings?
- Review report for mistakes
- Work with the Credit Reporting Agencies to accurate mistakes
- Pay bills on-time
- Pay off judgments and collections
- Pay down credit card balances to under 35%
- Stop making use of for debt
- Maintain older bills - ANS-What are a few steps to enhance credit score rating?
- Scaling
- Reframing
- Using Exceptions
- Future Pacing
- A replacement for profession remedy
- A method that fits every member
- Solely an records collecting interview
- An possibility for the counselor to take manage
- An answer to each trouble
- A assured solution - ANS-Financial Counseling isn't always...
- Avoids Absolutes or Directives
- Anecdotes
- Humor
- Metaphors
- Personal Stories - ANS-What are some characteristics of a Soft Approach?
- Banks
- Credit Unions
- Retailers
- Finance Companies - ANS-What are the four most not unusual Credit Card Issuers?
- Be a Good Listener
- Be Non-Judgmental
- Control the Interview and Other Interactions - ANS-What are some Essential Qualities of
Financial Coaches?
- Budgeting
- Debt
- Credit
- Financial Planning - ANS-What are the four Main Elements of Financial Counseling?
- Character
- Capacity
- Capital
- Collateral
- Conditions - ANS-What are the 5 C's of Credit?
- Collect and Analyze Member Data
- Establish Clear Financial Goals
- Develop a Spending Plan
- Develop a Debt Repayment Plan
- Develop an Action Plan
- Implement the Plan, Follow Up, and Adjust as Needed - ANS-What are the 6 steps of the
Financial Counseling Process?
, - Finding the proper answer is continually quick and clean
- You ought to cast off everything whilst you budget
- Members will continually observe your guidelines
- Counselors can assist anyone, etc. - ANS-List a few monetary counseling myths.
- Increased Productivity
- Reduce Absenteeism
- Increase Loyalty
- Increase Benefit Enrollment - ANS-Why educate personnel?
- Lifestyle Adjustment
- Debt Consolidation Loans
- Debt Management Programs (DMP)
- Debt Settlement - ANS-What are the 4 Debt Repayment Strategies for Eliminating Debt?
- Orderly
- Specific
- Straightforward
- Perceived as Aggressive
- Reason and Logic - ANS-What are a few characteristics of a Hard Approach?
- Paystubs
- Credit Card Statements & Outstanding Bills
- Reoccurring Utility Statements (3 months' worth)
- Garnishment or Collection Information
- Credit Reports
- Bank Statements - ANS-What need to a member convey with them to or earlier than their
initial Coaching meeting?
- Restating or Paraphrasing
- Summarizing - ANS-What are a few Active Listening techniques?
- Retirement Savings
- Emergency Savings
- Set-Aside/Periodic Savings - ANS-What are the 3 kinds of savings?
- Review report for mistakes
- Work with the Credit Reporting Agencies to accurate mistakes
- Pay bills on-time
- Pay off judgments and collections
- Pay down credit card balances to under 35%
- Stop making use of for debt
- Maintain older bills - ANS-What are a few steps to enhance credit score rating?
- Scaling
- Reframing
- Using Exceptions
- Future Pacing
