FiCEP Exam
A right motion plan consists of: - ANS-A list of steps and timeline for the member to finish
A rule of thumb for education investment is referred to as the: - ANS-Rule of thirds
After a financial ruin, participants should: - ANS-Monitor credit score ratings every few
months
After a death, monetary counselors might also: - ANS-Help contributors make a listing of all
money owed and financial responsibilities
After participants experience identity robbery, they have to now not: - ANS-Assume
fraudsters will not use their identity maliciously
An benefit of the use of a credit score card is: - ANS-Peace of thoughts knowing budget are
available
An example of pacing is while a counselor: - ANS-Matches the member's energy level
Before referring a member to a financial planner for investing advice, make certain the
participants has a: - ANS-Sufficient emergency fund
By pooling danger, insurers: - ANS-Limit their exposure while losses occur
Financial counselors who don't use what they understand about hemispheric wondering
might also fall into the lure of: - ANS-Presenting information to a member in a manner that
may not be the pleasant way to communicate
Identification and employment data does NOT encompass: - ANS-Race/ethnicity statistics
If members wish to re-establish debt after a financial ruin, they need to no longer: -
ANS-Avoid all debt inside the destiny
Increasing a monthly payment beyond the minimal required by means of the credit company
is known as: - ANS-Paying extra on the fundamental
Individuals with high credit score ratings: - ANS-Have a low percent of available revolving
credit score
It is quality to divide a budget into which cycle? - ANS-Monthly
Members managing addiction, intellectual illness, or physical abuse have: - ANS-Immediate
needs wherein a counselor wishes to consult an out of doors aid
, Members will not gain from a bankruptcy if they do now not: - ANS-Address overspending
and compulsive shopping habits
One advantage of leasing a car is: - ANS-Locked right into a contract
One needs to bear in mind the lending amount (min and max), income necessities, and
cosigner release when: - ANS-Comparing refinancing businesses
One manner to conquer a member's objection to financial counseling is to: - ANS-Express
self belief in member's ability to deal with the problem
Reviewing a credit file after a member has been a sufferer of elder abuse will help
participants except: - ANS-Monitoring deposit money owed for hobby
Seasonal employees must: - ANS-Plan for times when earnings is low
Student loan refinancing way: - ANS-Taking out a brand new mortgage to pay off present
loans
T/F: A advantage of worker monetary counseling is that personnel use more sick days -
ANS-False
T/F: Advocates for veteran help can be determined in a whole lot of agencies - ANS-True
T/F: Alimony isn't always a dischargeable debt in Ch. 7 and 13 bankruptcies, no exceptions.
- ANS-True
T/F: An intake form ought to include the member's baby's call - ANS-False
T/F: Becoming a certified user manner that the consumer is needed to gather debt -
ANS-False
T/F: CRAs may also block accounts at their discretion if one is an identification theft sufferer
- ANS-False
T/F: Credit unions do not want to comply with SCRA and MLA - ANS-False
T/F: Cure default is a manner in which repossessions can occur - ANS-False
T/F: Estate responsibilities have to be paid prior to any inheritance being paid - ANS-True
T/F: Financial counselors are not monetary planners - ANS-True
T/F: Financial counselors can handle any state of affairs a member faces due to the fact not
anything is past their scope of exercise - ANS-False
A right motion plan consists of: - ANS-A list of steps and timeline for the member to finish
A rule of thumb for education investment is referred to as the: - ANS-Rule of thirds
After a financial ruin, participants should: - ANS-Monitor credit score ratings every few
months
After a death, monetary counselors might also: - ANS-Help contributors make a listing of all
money owed and financial responsibilities
After participants experience identity robbery, they have to now not: - ANS-Assume
fraudsters will not use their identity maliciously
An benefit of the use of a credit score card is: - ANS-Peace of thoughts knowing budget are
available
An example of pacing is while a counselor: - ANS-Matches the member's energy level
Before referring a member to a financial planner for investing advice, make certain the
participants has a: - ANS-Sufficient emergency fund
By pooling danger, insurers: - ANS-Limit their exposure while losses occur
Financial counselors who don't use what they understand about hemispheric wondering
might also fall into the lure of: - ANS-Presenting information to a member in a manner that
may not be the pleasant way to communicate
Identification and employment data does NOT encompass: - ANS-Race/ethnicity statistics
If members wish to re-establish debt after a financial ruin, they need to no longer: -
ANS-Avoid all debt inside the destiny
Increasing a monthly payment beyond the minimal required by means of the credit company
is known as: - ANS-Paying extra on the fundamental
Individuals with high credit score ratings: - ANS-Have a low percent of available revolving
credit score
It is quality to divide a budget into which cycle? - ANS-Monthly
Members managing addiction, intellectual illness, or physical abuse have: - ANS-Immediate
needs wherein a counselor wishes to consult an out of doors aid
, Members will not gain from a bankruptcy if they do now not: - ANS-Address overspending
and compulsive shopping habits
One advantage of leasing a car is: - ANS-Locked right into a contract
One needs to bear in mind the lending amount (min and max), income necessities, and
cosigner release when: - ANS-Comparing refinancing businesses
One manner to conquer a member's objection to financial counseling is to: - ANS-Express
self belief in member's ability to deal with the problem
Reviewing a credit file after a member has been a sufferer of elder abuse will help
participants except: - ANS-Monitoring deposit money owed for hobby
Seasonal employees must: - ANS-Plan for times when earnings is low
Student loan refinancing way: - ANS-Taking out a brand new mortgage to pay off present
loans
T/F: A advantage of worker monetary counseling is that personnel use more sick days -
ANS-False
T/F: Advocates for veteran help can be determined in a whole lot of agencies - ANS-True
T/F: Alimony isn't always a dischargeable debt in Ch. 7 and 13 bankruptcies, no exceptions.
- ANS-True
T/F: An intake form ought to include the member's baby's call - ANS-False
T/F: Becoming a certified user manner that the consumer is needed to gather debt -
ANS-False
T/F: CRAs may also block accounts at their discretion if one is an identification theft sufferer
- ANS-False
T/F: Credit unions do not want to comply with SCRA and MLA - ANS-False
T/F: Cure default is a manner in which repossessions can occur - ANS-False
T/F: Estate responsibilities have to be paid prior to any inheritance being paid - ANS-True
T/F: Financial counselors are not monetary planners - ANS-True
T/F: Financial counselors can handle any state of affairs a member faces due to the fact not
anything is past their scope of exercise - ANS-False
