Exam 7: Assessing and Securing Your Credit

Which of the following would not be contacted in all cases of identity theft?

Identity thieves that obtain your information from the magnetic strip on your credit card are using a technique known as

You can begin to build a credit history by having telephone service.

You should be very selective in shredding documents and when in doubt,do not shred them.

Students graduating from college today have an average debt of less than $1,000.

The Identity Theft and Assumption Deterrence Act has designated which federal agency as the central clearinghouse for all identity theft complaints?

Identity theft occurs when an individual obtains,without your permission,all of the following information except

You should review your credit report at least ________.

Historical credit problems normally remain on a credit bureau's report for seven years and ten years for bankruptcy.

Discuss at least two ways that you can protect yourself from identity theft.

Paying your phone bill and electric bill on time each month will help you to establish a(n)________.

Credit issued by department stores for relatively long periods of time is called non-installment credit.

If you are a victim of identity theft,you may be turned down for employment as a result of incorrect background information.

Which of the following can be used by a creditor in deciding whether or not to grant credit?

Most identify theft victims discover the crime in a reactive as opposed to a proactive manner.

What steps can you take to improve your credit score?

Which of the following is not true regarding revolving open-end credit?

Creditors prefer a ________ amount of capital and ________ collateral in the best of circumstances.

Using more credit than can be repaid is a primary cause of individual bankruptcies.

Posing as an employee of a brokerage firm to obtain information to allegedly update your account information is an example of