Debt counseling - Study guides, Class notes & Summaries

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...

1. A financial counselor/Financial Assistance: In accordance with Section 501(r) regulations through the Affordable Care Act, a hospital must establish a written financial assistance policy and make it available to patients. 2. Batch Processing: Execution of a series of jobs in a computer program without manual intervention; it is used to help maximize the use of computer resources and stabilize response time by performing system-intensive work during hours when users are less likely to require...

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...

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...

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...

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...

FiCEP Exam Questions and Answers Graded A+ Which cycle describes members who are just surviving and living paycheck to paycheck? Earn/Spend/Earn/Spend Financial counselors who don't use what they know about hemispheric thinking may fall into the trap of: Presenting information to a member in a manner that might not be the best way to communicate Using a hard approach, rather than a soft approach, with members: Communicates in an orderly, specific, and straight-forward way The Johari Window ...

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...

FICEP- F1900 FINANCIAL COUNSELING CERTIFICATION PROGRAM EXAM QUESTIONS AND ANSWERS Spending Cycle- 1 - answer 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 - answer 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

HUD Housing Counseling Exam 2023/2024 Back-end ratio The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and car payment divided by gross monthly inco...