Free practice test

Credit Counselor Practice Test

Check what you know about the credit counselor job with 15 free questions and instant explanations.

Updated By the Career Education Institute Curriculum Team
About this practice test

15 multiple-choice questions on credit counselor knowledge, safety and vocabulary. Submit to see your score and explanations, or open any question’s answer as you go. Nothing is saved or shared.

Question 1 of 15A DMP is:
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Answer: Debt management plan. Repayment plan.

Question 2 of 15Chapter 13 bankruptcy:
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Answer: Sets a repayment plan. Repayment.

Question 3 of 15FDCPA covers:
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Answer: Debt collection practices. Law.

Question 4 of 15Budgets should use:
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Answer: Bank statements. Accuracy.

Question 5 of 15Debt-to-income compares:
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Answer: Debt payments to income. Ratio.

Question 6 of 15Which term matches this definition: “Savings for surprises.”
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Answer: Emergency fund. Emergency fund: Savings for surprises.

Question 7 of 15What does “FCRA” mean?
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Answer: Fair Credit Reporting Act.. FCRA: Fair Credit Reporting Act.

Question 8 of 15Which term matches this definition: “Debt written off by a lender.”
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Answer: Charge-off. Charge-off: Debt written off by a lender.

Question 9 of 15What does “HUD” mean?
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Answer: Housing and Urban Development.. HUD: Housing and Urban Development.

Question 10 of 15Which term matches this definition: “Repayment plan bankruptcy.”
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Answer: Chapter 13. Chapter 13: Repayment plan bankruptcy.

Question 11 of 15What does “FDCPA” mean?
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Answer: Fair Debt Collection Practices Act.. FDCPA: Fair Debt Collection Practices Act.

Question 12 of 15Which term matches this definition: “Agency-arranged repayment plan.”
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Answer: Debt management plan. Debt management plan: Agency-arranged repayment plan.

Question 13 of 15What does “Credit score” mean?
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Answer: Number rating credit risk.. Credit score: Number rating credit risk.

Question 14 of 15Which term matches this definition: “Required pre-filing session.”
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Answer: Bankruptcy counseling. Bankruptcy counseling: Required pre-filing session.

Question 15 of 15What does “Credit report” mean?
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Answer: History of borrowing.. Credit report: History of borrowing.

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