Consumer Protection

Which document puts you at the LEAST risk of identity theft? A. Cash receipts B. Pre-approved credit card offers C. Old tax records D. Paycheck stubs

Consumer protection laws are meant to: A. Protect businesses from consumers. B. Prevent unfair or deceptive business practices. C. Protect consumers from spending too much money. D. Prevent consumers from buying unnecessary items.

Which action will be least helpful if you've been the victim of identity theft? A. Report the fraud to each credit bureau. B. Contact your bank and credit card companies. C. Withdraw your money from all accounts. D. Ordering your latest credit report.

It is generally safe to provide your Social Security Number to: A. Anyone who asks you for it. B. Verified trusted sources that need it. C. School personnel who want to have it on record. D. Close friends and relatives who do not know it.

Identity thieves can use your personal information to: A. Open a credit card B. Sign up for electricity service C. Get a cell phone contract D. All of the above

When a product or service is illegally used to deceive you into sending money or signing up for a phony service. Almost always for money.

When someone illegally obtains your personal information and then impersonates you. Uses identity for different things.

preventing identity theft:

Which of the following describes an effective strategy for protecting yourself against identity theft? A. Shredding all important mail and documents B. Only use trusted organizations to wire money C. Avoid using unsecured wireless networks D. Only communicate with your bank representative over the phone

creating a strong password

nine digit number given to US citizens, permanent US residents, and temporary working residents.

share your social security number when:

what should u not share your social security number

if its safe they usually only ask for...

what documents should you keep for on year and three years?

In which of the following situations should you expect to provide your Social Security number? A. Signing up for an after-school club B. Registering for a store rewards card C. Paying your cell phone bill D. Applying for federal student aid

if you think that you are a victim of identity theft whats the things you do in order?

You may have been a victim of identity theft if... A. You look at your credit report and notice accounts you didn't open B. You notice charges on your bank account that you don't recognize C. Your favorite store e-mails you to let you know their data was stolen D. All of the above

what does the FTC do

what does the cfpb do

what does the The Fair Debt Collection Practices Act do

What does the The Credit Card Accountability Act of 2009 do?

what does The Fair Credit Reporting Act do

The best way to investigate fraudulent transactions on your credit card is to: AReview your recent credit card statements. BReview all old bank statements. CKeep a copy of your bank statements in a safe place. DKeep track of your monthly budget.

Consumer protection laws are meant to: AProtect businesses from consumers. BPrevent unfair or deceptive business practices. CProtect consumers from spending too much money. DPrevent consumers from buying unnecessary items.

Identity thieves can use your personal information to: AOpen a credit card BSign up for electricity service CGet a cell phone contract DAll of the above

It is generally safe to provide your Social Security Number to: AAnyone who asks you for it. BVerified trusted sources that need it. CSchool personnel who want to have it on record. DClose friends and relatives who do not know it.

Which of the following is the BEST way to protect against identity theft? ADiscard old account statements weekly. BUse only local public access Wi-Fi. CChange online account passwords frequently. DAvoid emails from people who do not like you.

What is the safest way to dispose of old bank account statements? AThrow them out in a neighbor's trash. BShred them in a paper shredder. CKeep them bundled together in a folder. DPut them in the trash unopened.

Which action will be least helpful if you've been the victim of identity theft? AReport the fraud to each credit bureau. BContact your bank and credit card companies. CWithdraw your money from all accounts. DOrdering your latest credit report.

Which document puts you at the LEAST risk of identity theft? ACash receipts BPre-approved credit card offers COld tax records D

The safest action to take if someone claiming to be from your bank calls you to ask for account information is to: APull up the bank website and compare information. BHang up and call back using the bank's official phone number. CAsk the caller to explain the account information they need in more detail. DProvide only your name and account number.

What is the FIRST action you should take if you suspect there has been a fraudulent charge on your credit card? AOrder your credit report to look for other fraudulent activity. BCall the store where the purchase was made and ask them to remove the charge. CClose all bank accounts associated with that credit card. DContact the credit card company to report the fraudulent charge.