11/5/24, 2:15 PM HUD COUNSELOR EXAM 2024-2025 ACTUAL EXAM 280 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONA…
HUD COUNSELOR EXAM 2024-2025 ACTUAL
EXAM 280 QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES (VERIFIED
ANSWERS) |ALREADY GRADED A+
Terms in this set (278)
Which section of a credit repirt will contain employer
personal information
information?
Which section of the credit report will contain
account information
information about a student loan?
Which section of a credit report will contain court
Public records
information such as bankruptcy?
Which section of the credit report will show recent
Inquiries
attempts to open a credit card?
Which section of a credit report will contain
Consumer rights
information about how to correct inaccuracies?
15% of credit score Credit history length
10% of credit score Based on types of credit used
10% of credit score based New credit
on
Ratio or total credit extended to the amount of credit
amounts owed
owed
Number of recent credit inquiries, as well as new
New Credit
credit accounts
https://quizlet.com/967006638/hud-counselor-exam-2024-2025-actual-exam-280-questions-and-correct-detailed-answers-with-rationales-verified-ans… 1/12
, 11/5/24, 2:15 PM HUD COUNSELOR EXAM 2024-2025 ACTUAL EXAM 280 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONA…
Incorrect information on Review credit report and dispute inaccuracies. Keep
credit report records of dispute information.
Get current and pay on time going forward. Set up
Delinquencies/collections
payment reminders. Adjust budget to factor in all
/judgments
monthly payments.
Pay down debt and keep balances low moving
Credit card maxed
forward. Pay more than minimum. Know what the
out/too much debt
balance is and check statements.
No credit/poor Open a credit card account or other line of credit
credit/limited credir secured card or personal loan.
Roger has maxed out his Make more than minimum payment to pay down the
credit card balances.
Molly is recent college Apply for secured credit card to establish history.
graduate trying to apply
for her first credit card but
has been denied:
Chris see that a Notify credit reporting agencies.
bankruptcy on his report
actually belongs to his
cousin, who has the same
name:
1) You have right to know what is in your file
2) You have the right to dispute incomplete or
Fair Credit Reporting Act
inaccurate information
(FCRA):
3) Access to your file is limited
4) You may seek damages from violators
1) You have the right to a free credit report
2) You have the right to place a fraud alert on your
Fair and Accurate Credit
credit file
Transactions Act (FACTA):
3) Credit card numbers must be truncated so the full
number is not visible on receipts
https://quizlet.com/967006638/hud-counselor-exam-2024-2025-actual-exam-280-questions-and-correct-detailed-answers-with-rationales-verified-ans… 2/12
HUD COUNSELOR EXAM 2024-2025 ACTUAL
EXAM 280 QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES (VERIFIED
ANSWERS) |ALREADY GRADED A+
Terms in this set (278)
Which section of a credit repirt will contain employer
personal information
information?
Which section of the credit report will contain
account information
information about a student loan?
Which section of a credit report will contain court
Public records
information such as bankruptcy?
Which section of the credit report will show recent
Inquiries
attempts to open a credit card?
Which section of a credit report will contain
Consumer rights
information about how to correct inaccuracies?
15% of credit score Credit history length
10% of credit score Based on types of credit used
10% of credit score based New credit
on
Ratio or total credit extended to the amount of credit
amounts owed
owed
Number of recent credit inquiries, as well as new
New Credit
credit accounts
https://quizlet.com/967006638/hud-counselor-exam-2024-2025-actual-exam-280-questions-and-correct-detailed-answers-with-rationales-verified-ans… 1/12
, 11/5/24, 2:15 PM HUD COUNSELOR EXAM 2024-2025 ACTUAL EXAM 280 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONA…
Incorrect information on Review credit report and dispute inaccuracies. Keep
credit report records of dispute information.
Get current and pay on time going forward. Set up
Delinquencies/collections
payment reminders. Adjust budget to factor in all
/judgments
monthly payments.
Pay down debt and keep balances low moving
Credit card maxed
forward. Pay more than minimum. Know what the
out/too much debt
balance is and check statements.
No credit/poor Open a credit card account or other line of credit
credit/limited credir secured card or personal loan.
Roger has maxed out his Make more than minimum payment to pay down the
credit card balances.
Molly is recent college Apply for secured credit card to establish history.
graduate trying to apply
for her first credit card but
has been denied:
Chris see that a Notify credit reporting agencies.
bankruptcy on his report
actually belongs to his
cousin, who has the same
name:
1) You have right to know what is in your file
2) You have the right to dispute incomplete or
Fair Credit Reporting Act
inaccurate information
(FCRA):
3) Access to your file is limited
4) You may seek damages from violators
1) You have the right to a free credit report
2) You have the right to place a fraud alert on your
Fair and Accurate Credit
credit file
Transactions Act (FACTA):
3) Credit card numbers must be truncated so the full
number is not visible on receipts
https://quizlet.com/967006638/hud-counselor-exam-2024-2025-actual-exam-280-questions-and-correct-detailed-answers-with-rationales-verified-ans… 2/12
