100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FICEP TEST BANK COMPLETE QUESTIONS WITH CORRECT DETAILD ANSWERS $13.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. FICEP
  4.  
  5. FICEP

Exam (elaborations)

FICEP TEST BANK COMPLETE QUESTIONS WITH CORRECT DETAILD ANSWERS

 0 purchase
  • Course
  • FICEP
  • Institution
  • FICEP

FICEP TEST BANK COMPLETE QUESTIONS WITH CORRECT DETAILD ANSWERS When a repossessed vehicle is sold but a balance remains, a ______________ loan can be negotiated to pay the balance to help minimize negative credit reporting or garnishment. - Answer-workout An advantage to owning a home is buil...

[Show more]

Preview 2 out of 13  pages

Document information

  • December 29, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ficep
  • ficep test bank complete questions

Written for

  • FICEP
  • FICEP

Seller

avatar-seller
victoryguide

Reviews received

Content preview

FICEP TEST BANK COMPLETE
QUESTIONS WITH CORRECT DETAILD
ANSWERS

When a repossessed vehicle is sold but a balance remains, a ______________ loan
can be negotiated to pay the balance to help minimize negative credit reporting or
garnishment. - Answer-workout

An advantage to owning a home is building ___________. - Answer-Equity

Homeowners can earn _____________ with their insurer by having multiple policies
and products, installing home security systems, and having smoke detectors. - Answer-
discounts

To consolidate existing debt a member can borrow on their home's equity through
multiple methods which are home equity _________ or line of credit or even through a
_______________ mortgage for those over age 62. - Answer-loans, reverse

Household goods can be seized if they are used as ____________ in a "purchase
money security interest agreement." - Answer-collateral

A _____________ is an action by a creditor to recover debt that was secured by a real
estate purchase whereas a _____________ is an action a landlord may use to satisfy
unpaid rent. - Answer-foreclosure, eviction

Chapter ___ bankruptcy is called a straight bankruptcy because it discharges all
allowable debts by law but leaves the debtor with no assets. - Answer-7

Chapter ____________ bankruptcy is called wage earner bankruptcy because debts
are repaid over 3-5 years in a court approved repayment plan. - Answer-13

T or F
Chapter 7 bankruptcy remains on a credit record indefinitely. - Answer-False

If a credit union uses ________________________ then all debts at that credit union
are now secured by the collateral listed on any secured agreement, making those goods
subject to seizure in debts at that credit union. - Answer-cross-collateral

Post-bankruptcy strategies should begin with a financial ___________ to determine
what caused the bankruptcy to avoid repeating habits and establishing a realistic
budget. - Answer-assessment

, _______________ loans are designed to help establish credit over time, usually 12-24
months with small loan amounts up to $2500. - Answer-Credit-Builder

______________ ______________ occurs when a criminal obtains personal
information to use without permission. - Answer-Identity Theft

Primary sources of data for identity thieves include _______ _________________
cards, driver's license, tax returns and medical insurance cards. - Answer-social security

Opting out of _____________ credit card offers will help stop identity theft - Answer-pre-
screened

Lack of a lock icon, misspelled words, altered logos and requests for personal
information are all clues a website is _______________. - Answer-fraudulent

___________ __________________ _____________ contain images and
characteristics of each state's authentic driver's license to help credit union staff to
ensure validity of presented documents. - Answer-ID Checking Guides

A _____________ _________________ on a credit report indicates the person was an
identity theft victim and requests creditors contact them prior to accessing the report. A
credit freeze prohibits creditors or anyone from accessing a credit report - Answer-fraud
alert

Withdrawing large sums of __________ and avoiding conversations are warning signs
of scams - Answer-cash

_______________ abuse is any known, intentional or negligent act by a caregiver or
other person that causes harm. - Answer-Elder

T or F
The primary reason elders are an attractive target for financial exploitation is because
they typically have excess disposable income. - Answer-False

Basic principles of __________________ include saving now, living below means,
diversifying investments, thinking long term, and understanding brokerage fees. -
Answer-retirement

T or F
Social Security was designed as a supplement to income to help with basic needs, not
as an income replacement. - Answer-True

a ______ plan builds retirement savings by employees deferring tax on some income
through contribution into this separate account that may also include a match by their
employer. - Answer-401k

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller victoryguide. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

66184 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$13.49
  • (0)
Add to cart
Added