Managing Financial Information

When can a credit agency release someone's credit information in Florida? when an employer requests it when a consumer authorizes it when a lender asks for it when a security freeze is put on it

Which statement best describes how lenders determine borrowing conditions for a customer? They access the customer's credit reports. They see how large of a down payment the customer makes. They look into how much the customer has saved for emergencies. They access the customer's work history.

Which person is a victim of identity theft? Suzie, whose e-mail was stolen and used to apply for a credit card from a major retailer Michael, whose credit score was stolen and used to make a down payment on a home Pam, whose smartphone was stolen and used to make a mortgage payment Thomas, whose credit card information was stolen and maxed out at a jewelry store

It is important for victims of identity theft to contact the authorities: after determining whether they have lost any money. quickly to protect themselves from embarrassment. after determining how someone stole their identity. quickly to protect themselves from financial losses.

Bryan receives an e-mail from a group posing as a police officers association and asking for bank account information. This is an example of: social engineering. phishing. counterfeiting. forgery.

A car dealership analyzing whether it will loan money to William to buy a new car finds that his credit score is in the "very good" range. Which statement best describes the lender's viewpoint of William? He is a low-risk borrower who qualifies for lower interest rates. He is a low-risk borrower who will struggle to obtain a loan. He is a high-risk borrower who will get multiple loan offers. He is a high-risk borrower who qualifies for higher interest rates.

The best way a bank can protect a victim of identity theft is to ______ his or her account.

People in financial trouble are advised to contact creditors to negotiate a _______ plan.

The safest way for someone to make an online purchase is to: ask friends what websites are secure. check with the government first. buy from a reputable website. visit a locally run website.

Which information is included on a person's credit report? Check all that apply. money owed to a relative current credit cards and loans total amount of money owed whether bills are paid on time how much money lenders will loan interest rates for different loans

The Jones family would like to buy a home, but they have a large amount of debt that has led to a weak credit score. What step could the Jones family take to improve their credit? They could ask a credit agency for assistance with paying off debt. They could declare bankruptcy to eliminate the debt they owe. They could hire a financial adviser to figure out how to pay off their debt. They could ask creditors to defer loans while they apply for a mortgage.

Checking a credit report is a good way to: know whether credit is improving. reduce the amount of money owed. determine which debts to pay off. decrease interest payments.