HUD COUNSELOR EXAM 2024-2025
ACTUAL EXAM 200 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH
RATIONALES (VERIFIED ANSWERS)
|ALREADY GRADED A+
Which section of a credit repirt will contain employer information? -
✔✔personal information
Which section of the credit report will contain information about a student
loan? - ✔✔account information
Which section of a credit report will contain court information such as
bankruptcy? - ✔✔Public records
Which section of the credit report will show recent attempts to open a credit
card? - ✔✔Inquiries
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Which section of a credit report will contain information about how to
correct inaccuracies? - ✔✔Consumer rights
Credit history length - ✔✔15% of credit score
Based on types of credit used - ✔✔10% of credit score
New credit - ✔✔10% of credit score based on
Ratio or total credit extended to the amount of credit owed - ✔✔amounts
owed
Number of recent credit inquiries, as well as new credit accounts - ✔✔New
Credit
Review credit report and dispute inaccuracies. Keep records of dispute
information. - ✔✔Incorrect information on credit report
Get current and pay on time going forward. Set up payment reminders.
Adjust budget to factor in all monthly payments. -
✔✔Delinquencies/collections/judgments
Pay down debt and keep balances low moving forward. Pay more than
minimum. Know what the balance is and check statements. - ✔✔Credit
card maxed out/too much debt
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Open a credit card account or other line of credit secured card or personal
loan. - ✔✔No credit/poor credit/limited credir
Make more than minimum payment to pay down the balances. - ✔✔Roger
has maxed out his credit card
Apply for secured credit card to establish history. - ✔✔Molly is recent
college graduate trying to apply for her first credit card but has been
denied:
Notify credit reporting agencies. - ✔✔Chris see that a bankruptcy on his
report actually belongs to his cousin, who has the same name:
1) You have right to know what is in your file
2) You have the right to dispute incomplete or inaccurate information
3) Access to your file is limited
4) You may seek damages from violators - ✔✔Fair Credit Reporting Act
(FCRA):
1) You have the right to a free credit report
2) You have the right to place a fraud alert on your credit file
3
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, 3) Credit card numbers must be truncated so the full number is not visible
on receipts - ✔✔Fair and Accurate Credit Transactions Act (FACTA):
1) You can dispute billing errors associated with your credit card account -
creditor 30 days to acknowledge and 90 days to research and make
determination
2) - ✔✔Fair Credit Billing Act (FCBA):
Which section of a credit repirt will contain employer information? -
✔✔personal information
Which section of the credit report will contain information about a student
loan? - ✔✔account information
Which section of a credit report will contain court information such as
bankruptcy? - ✔✔Public records
Which section of the credit report will show recent attempts to open a credit
card? - ✔✔Inquiries
Which section of a credit report will contain information about how to
correct inaccuracies? - ✔✔Consumer rights
Credit history length - ✔✔15% of credit score
4
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
ACTUAL EXAM 200 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH
RATIONALES (VERIFIED ANSWERS)
|ALREADY GRADED A+
Which section of a credit repirt will contain employer information? -
✔✔personal information
Which section of the credit report will contain information about a student
loan? - ✔✔account information
Which section of a credit report will contain court information such as
bankruptcy? - ✔✔Public records
Which section of the credit report will show recent attempts to open a credit
card? - ✔✔Inquiries
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Which section of a credit report will contain information about how to
correct inaccuracies? - ✔✔Consumer rights
Credit history length - ✔✔15% of credit score
Based on types of credit used - ✔✔10% of credit score
New credit - ✔✔10% of credit score based on
Ratio or total credit extended to the amount of credit owed - ✔✔amounts
owed
Number of recent credit inquiries, as well as new credit accounts - ✔✔New
Credit
Review credit report and dispute inaccuracies. Keep records of dispute
information. - ✔✔Incorrect information on credit report
Get current and pay on time going forward. Set up payment reminders.
Adjust budget to factor in all monthly payments. -
✔✔Delinquencies/collections/judgments
Pay down debt and keep balances low moving forward. Pay more than
minimum. Know what the balance is and check statements. - ✔✔Credit
card maxed out/too much debt
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Open a credit card account or other line of credit secured card or personal
loan. - ✔✔No credit/poor credit/limited credir
Make more than minimum payment to pay down the balances. - ✔✔Roger
has maxed out his credit card
Apply for secured credit card to establish history. - ✔✔Molly is recent
college graduate trying to apply for her first credit card but has been
denied:
Notify credit reporting agencies. - ✔✔Chris see that a bankruptcy on his
report actually belongs to his cousin, who has the same name:
1) You have right to know what is in your file
2) You have the right to dispute incomplete or inaccurate information
3) Access to your file is limited
4) You may seek damages from violators - ✔✔Fair Credit Reporting Act
(FCRA):
1) You have the right to a free credit report
2) You have the right to place a fraud alert on your credit file
3
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, 3) Credit card numbers must be truncated so the full number is not visible
on receipts - ✔✔Fair and Accurate Credit Transactions Act (FACTA):
1) You can dispute billing errors associated with your credit card account -
creditor 30 days to acknowledge and 90 days to research and make
determination
2) - ✔✔Fair Credit Billing Act (FCBA):
Which section of a credit repirt will contain employer information? -
✔✔personal information
Which section of the credit report will contain information about a student
loan? - ✔✔account information
Which section of a credit report will contain court information such as
bankruptcy? - ✔✔Public records
Which section of the credit report will show recent attempts to open a credit
card? - ✔✔Inquiries
Which section of a credit report will contain information about how to
correct inaccuracies? - ✔✔Consumer rights
Credit history length - ✔✔15% of credit score
4
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
