Debt counseling Study guides, Class notes & Summaries

2024/2025 FiCEP Exam - Questions with 100% Correct Answers 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 Financial counselors who don't use what they know about hemispheric thinking, may fall into the trap of: a. Assuming the member will succeed if they work with the counsellor b. Asking too many questions c. Telling the member what the...

PACO 615 Final Quiz 2024 - Marriage Dynamics and Marriage Counseling with 50 Questions and Answers 100% Correct;Liberty The Masters and Johnson four-phase model of the sexual response of men and women includes phases (in the correct order). desire, plateau, orgasm, and resolution. excitement, plateau, climax, and resolution. excitement, plateau, pleasure, and resolution. excitement, plateau, orgasm, and resolution. A pastoral counselor who recommends books to couples could recomm...

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 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...

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...

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...

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...

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

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...

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...