Summary HUD Counselor Certification Exam Study Guide Latest 2023

Elements IN a Budget - Correct Answer -Pay Stubs. (For self employed -> profit + loss statements) -Bank Statement -Utility Bill -Soc. Sec. Award Letter -Credit Card Debt -Car Expenses -Child Support -Hobby Income (Avg.) Elements NOT in a Budget - Correct Answer -Stock Dividends -Annual Bonus -Reimbursements -Credit Score -Pretax Payroll Deduc. Which information should be included in a Client Action Plan? - Correct Answer The client's housing goal and the counselor's action steps 5 Sections of a Credit Report - Correct Answer -Personal Information -Account/Trade lines -Public Records -Inquiries -Consumer Rights. Note: It does not include the credit score, the score is available for purchase Credit Report: Personal Info - Correct Answer -Name -SS# -Address -Phone # -Employers Credit Report: Account/Trade Lines - Correct Answer Information about each credit account: -payment history -account dates -credit limits -balances owed Credit Report: Public Records - Correct Answer -Bankruptcy -Judgements -Tax Liens -Wage Garnishments