Exam 7: Assessing and Securing Your Credit

Manipulating e-mail viruses and host files to redirect users from legitimate commercial Web sites to bogus Web sites to obtain log-in names and passwords is referred to as

Name and briefly discuss three tactics that an identity thief may use.

The proper use and control of credit is the best way to build a good credit history.

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

The Credit CARD Act of 2009 made it easier for college students to obtain credit cards.

If your credit report contains deficiencies, there is really nothing you can do to correct them.

Funds provided by a borrower that will be repaid in the future, with interest, is credit.

Credit utilization makes up ________% of your credit score.

Which of the following is not a step you should take to try to improve your credit score?

TransUnion is not one of the three primary credit bureaus.

It is always easier to pay back what you borrow than to obtain credit in the first place.

If you are making a purchase that you know that you will not be able to pay off for a relatively long period of time, you should seek which type of credit and why.

Building a strong credit history (by making timely payments) when you are in college and beginning your career is

Which of the following federal agencies should always be notified in the event of identity theft?

List at least three disadvantages of using credit.

You are ready to make a new car purchase and the manufacturer is offering a 60-month, zero percent interest loan, or, a $1,500 cash rebate. The price of the car is $25,000. Which option should you choose?

Which of the following is the best rule to follow in shredding information?

If you receive a phone call that seeks to verify or update personal information you should

Improper use of credit may

Use the following two columns of items to answer the matching questions below: -firewall and virus protection A)something you should install on your computer to protect you from hackers and worms B)the federal agency that acts as a clearinghouse for all identity theft complaints C)obtaining information on a person's identity from discarded items D)something you should never carry in your wallet E)copying credit information from the magnetic strip on a credit card