WorksheetsEnrollment Criteria
Total questions: 12
Worksheet time: 6mins
When is the SOONEST you’d want to schedule your clients FIRST payment?
Next Day
One Week Out
3rd Business Day
2nd Business Day
What's the latest you'd want to schedule your clients FIRST payment?
45 days
21 Days
7 Days
30 Days
Scenario: Client has ONLY the following debts:
$22,000 - Capital One Card
$38,700 – Medical Debt / Hospital Bill
$15,100- Bank of America credit card
$410 - Chase credit card
What is the total amount of ELIGIBLE debt?
$37,510
$37,100
$76,210
$75,800
How old do tradelines need to be in order to enroll into the program?
30 Days
Doesn't Matter
45 Days
60 Days
Client has an auto loan with Bank of America, plus a credit card account with a balance of $7600. Can we enroll the credit card debt?
Yes
No
Only if enrolling the Car Loan too
Only if client hides the car in their garage
Client has the following debts:
$25,000 – Auto Loan w/ABC Credit Union
$12,000 – Credit Card w/ABC Credit Union
$10,000 – Discover Credit Card
$8,000 – Chase Credit Card
$1,000 – Target Card
What is the total amount of ELIGIBLE debt?
$31,000
$56,000
$19,000
$9,000
For Collection accounts, what would you need to verify / make note of in order to enroll in the program?
Original Creditor / Lender
Reporting Date within past 6 months
No known legal action taken
All of the Above
Client has the following debts, yet asks to leave one card out for emergencies. Which one would you recommend?
$9,000 – Citi Silver
$8,000- Citi Gold
$2,000 – Citi Preferred
$1,100 - Chase Card
$500 – Citi Platinum
$500 - Citi Platinum
$1,100 Chase Card
$2,000 Citi Preferred
None
Client has their Mortgage loan PLUS 2 high balance credit cards with their Credit Union. Can we enroll their credit card debt?
Yes
No
Yes - But only if they agree to refinance their mortgage
Yes - only if their credit card balances are above $7500
Client has the following debts:
$60,000 Credit Card debt w/their credit union
$30,000 Auto Loan w/Bank of America
$70,000 Credit Card debt w/Bank of America
How much of the debt can we take in?
$70,000
$160,000
$130,000
$60,000
SELECT ALL THAT APPLY:
What were some of the primary industry regulations that were implemented by the FTC in 2010?
No Upfront Fees
Dedicated Special Purpose Account set up in Client's name
Clarity: Setting Proper Expectations
Compliance: Not Making Any False Statements
FILL IN THE BLANK:
Your credit score helps to determine your _______ rate, "IF" you are credit worthy (which is primarily dependent on your DTC and DTI ratios, and type of financing.)
success
interest
happiness
exchange
