Debt counseling - Study guides, Class notes & Summaries

W!se Financial Literacy Practice Test Questions and Answers 100% Accurate W!se Financial Literacy Practice Test Questions and Answers 100% AccurateW!se Financial Literacy Practice Test Questions and Answers 100% AccurateW!se Financial Literacy Practice Test Questions and Answers 100% AccurateW!se Financial Literacy Practice Test Questions and Answers 100% AccurateW!se Financial Literacy Practice Test Questions and Answers 100% Accurate Question 1 : If you are denied credit based on your cred...

FiCEP Exam Certification 2024/2025 |Complete Solution| Graded A+[Multiple Choices] Which cycle describes members who are just surviving and living paycheck to paycheck? a. Earn / spend / earn / spend b. Earn / spend / borrow / spend c. Earn / spend / save d. Earn / borrow / spend / save a. Earn / spend / earn / spend What is the primary purpose of FiCEP certification?** A. To educate individuals on financial planning for the wealthy B. To train credit union employees to provide fi...

AFC Prep Exam Questions With 100% Correct Answers. Exploring needs and goals happens during which stage of counseling? - answerExploring Who is responsible to plan the course of action for achieving client goals? - answerThe Client Which of the following is the most powerful way to increase a financial counselor's self- awareness of communication patterns and tendencies? - answerAudio or visual recording of a session. Which of the following is NOT an out-of-scope topic for a financial c...

CPFC UPDATED Exam Questions and CORRECT Answers Annuities - Ans Ins industry investment product. Holder deposits a sum of money with the insurance company and they in turn make monthly payments to the holder. Adverse Action Notice - Ans A notice informing one that credit, employment, insurance, or other benefits based on info in a credit report have been denied. Verbal pacing - Ans Adapt your counseling style to the clients' learning style. Net Worth - Ans The total of one's financia...

Which of the following statements are true of HFMA's Patient Financial Communications Best Practices? - Answer- The best practices were developed specifically to help patients understand the cost of services, their individual insurance benefits, and their responsibility for balances after insurance, if any. The patient experience includes all of the following except: - Answer- Recognition that revenue cycle processes must be patient-centric and efficient. This is especially true in the areas...

FiCEP Certification Study Guide Complete Mock Exam 2024/2025 100% Pass What is the primary goal of financial counseling? - To sell financial products to clients - To help clients improve their financial well-being - To manage client investments - To provide tax advisory services A tax is defined as a contribution that supports the _____ of a government. operating costs Which of the following is a key step in creating a financial action plan? - Only focusing on long-term goals - Se...

AFC Prep 2 Exam Questions With 100% Correct Answers. The location of counseling should be - answerConvenient, comfortable, and confidential Four key points when providing feedback - answer1. Feedback on behavior rather than on the person 2. Feedback on immediate situation 3. The amount of feedback the receiver can use at one time rather than the amount of info you want to share. 4. Focus on the feedback potential value for the receiver. What shape of tables are more effective in creatin...

Spending Cycle- 1 Earn/Spend/Earn paycheck to paycheck SOLUTION: Must deal with habits Divide paycheck into SPECIFIC spending categories Capture $$$ for savings Pay down debt Spending Cycle - 2 Earn/Spend/Borrow/Spend Rely on debt to establish and maintain lifestyle Have difficulty denying self Confuse wants with needs They believe they deserve it now Spending Cycle - 3 Earn/Spend/Save CAN save $$$ BUT Savings is a low priority & something always comes up SOLUTION: P...

spending cycles? 1. Earn/Spend/Earn/Spend 2. Earn/Spend/Borrow/Spend 3. Earn/Spend/Save 4. Earn/Save/Spend What is the best spending cycle? 4. Cycle: Earn/Save/Spend Explain Cycle 1: Earn/Spend/Earn/Spend Paycheck to Paycheck members Explain Cycle 2: Earn/Spend/Borrow/Spend they confuse wants with needs Explain Cycle 3: Earn/Spend/Save There is not money left for saving because "something always comes up" Explain: Cycle 4: Earn/Save/Spend Paying your...

Right Side of the Brain - Answer- This side of the brain processes creativity, patterns, spatial awareness, context Financial Planning - Answer- Helps members make the most of their incomes to accomplish long term goals, including saving and investing for retirement Debt Counseling - Answer- Helps members learn possible ways to structure their debt. Credit Counseling - Answer- Helps members manage spending in a way that rebuilds their credit and makes it possible to achieve financial go...