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FICEP EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|NEWEST|GUARANTEED PASS |LATEST UPDATE$17.99
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FICEP EXAM 2024-2025 WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |FREQUENTLY
TESTED QUESTIONS AND SOLUTIONS
|ALREADY GRADED
A+|NEWEST|GUARANTEED PASS
|LATEST UPDATE
While counseling members, when is the best time to ask if they have medical debt?
a. During bankruptcy proceedings
b. During an initial needs assessment
c. During garnishment proceedings
d. Depositing their payroll check
During an initial needs assessment
When it comes to addressing medical debt, counselors need to:
a. Contact the medical provider for the member
b. Assemble documentation and complete paperwork for the member
c. Complete and submit applications for public health insurance for the member
d. Coach members how to handle medical debt
Coach members how to handle medical debt
A rule of thumb for education funding is known as the:
a. savings principles
b. Savings rule
c. Rule of thirds
d. Rule of fourths
Tule of thirds
Student loan refinancing means
a. Taking out a new loan to pay off existing loans
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, b. One will never lose loan benefits
c. A federal student loan may be forgiven or discharged
d. Only federal loans can be included in a refinance
Taking out a new loan to pay off existing loans
One needs to consider the lending amount (minimum and maximum), income requirements, and
cosigner release when
a. Considering student loan default.
b. Comparing refinance companies.
c. Comparing mandatory and general forbearance.
d. Considering mandatory forbearance.
Comparing refinance companies
Which of the following statements is false?
a. Borrowers should avoid defaulting on student loans
b. Social security wages may be garnished if a federal student loan is in default
c. Wages can not be garnished if a federal student loan is in default
d. If a federal student loan is in default, it will be turned over to a collection agency
Wages can not be garnished if a federal student loan is in default
Which is false? Seniors may have student loan debt because they:
a. Discharged it in their bankruptcy
b. Cosigned loans for children
c. Consigned loans for grandchildren
d. Took out a parent PLUS loan
Discharged it in their bankruptcy
Which of the following is not a way in which repossessions can occur?
a. Self-help (creditors retrieves vehicle and may do so without debtor's knowledge)
b. Judicial (creditor obtains a court order to work with legal authorities)
c. Voluntary surrender
d. Cure default
Cure default
Which of the following is not a secondary product that can be added to a vehicle loan to help in case an
emergency occurs?
a. GAP insurance
b. Full coverage automobile insurance
c. Credit life and disability insurance
d. Extended warranty
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