Ficep module 2 - Study guides, Class notes & Summaries

FICEP MODULE 2 EXAM WITH COMPLETE SOLUTIONS RATED A.FICEP MODULE 2 EXAM WITH COMPLETE SOLUTIONS RATED A.VFICEP MODULE 2 EXAM WITH COMPLETE SOLUTIONS RATED A.FICEP MODULE 2 EXAM WITH COMPLETE SOLUTIONS RATED A.FICEP MODULE 2 EXAM WITH COMPLETE SOLUTIONS RATED A.FICEP MODULE 2 EXAM WITH COMPLETE SOLUTIONS RATED A.FICEP MODULE 2 EXAM WITH COMPLETE SOLUTIONS RATED A.FICEP MODULE 2 EXAM WITH COMPLETE SOLUTIONS RATED A.FICEP MODULE 2 EXAM WITH COMPLETE SOLUTIONS RATED A.FICEP MODULE ...

Financial Counseling Certification Program (FiCEP) MODULE 2 STUDY GUIDE WITH VERIFIED SOLUTIONS ALREADY GRADED A+ Options for increasing _________________ include working overtime, getting a second job, selling something and setting long term goals. - answer Income Accelerating debt repayment can be done by paying more on principal, rolling up payments of the same amount monthly or paying off __________ __________________ debts first. - answer High Interest (True or False) Since 2010 ...

Options for increasing _________________ include working overtime, getting a second job, selling something and setting long term goals. Income Accelerating debt repayment can be done by paying more on principal, rolling up payments of the same amount monthly or paying off __________ __________________ debts first. High Interest (True or False) Since 2010 federal law requires consumers to have a choice to opt-in to overdraft programs. ________ True __________________ loans...

FiCEP Module 2: Questions and answers, rated A+ What are ways to reduce debt? (7) - -(1) Stop creating debt (2) Analyze debt (WWWWWH) (3) Refinance/consolidate debt (4) Use credit wisely (5) Set goals (6) Develop a plan (7) Implement and monitor plan What are options for debt repayment? (4) - -(1) Satisfy minimum payments (2) Pay more on principal (3) Roll up payments (4) Restructure debt What does it mean to "pay more on principal"? - -To increase your payments past the minimum ...

FICEP MODULE 3 EXAM QUESTIONS AND ANSWERS What does accounts receivable mean? - answer Money that is owed to a business What does accounts payable mean? - answer Money that a business owes to others What are considerations for cash flow when running a business? (7) - answer (1) Accounts receivable (2) Accounts payable (3) Cyclical or seasonal income (4) Inventory management (5) Taxes (6) Insurance (7) Retirement benefits

FICEP MODULE 5 PRACTICE TEST QUESTIONS AND ANSWERS What immediate steps should be taken upon discovering identity theft? (2) - answer (1) Close all existing accounts and open new accounts (2) Complete identity theft affidavit/report What is a fraud alert? - answer An alert put on the credit report indicating the borrower may have had their identity stolen or credit card or bank accounts compromised What is a credit freeze? - answer A consumer request that requires the credit bureaus to...