fraud and identity theft

Fraud and Identity Theft• Test Review

Who should you contact if you are a victim of identity theft?

The Fraud Division of the three credit bureaus to request a fraud

alert on your files

How often can you obtain a free copy of your credit report?

Once a year

What is setting up a false company only to ask people to

buy stock in it?

Long Firm Fraud

What is one of the best ways to protect yourself from identity

theft?

Shredding all papers with personal information

What are people called who attempt to swindle you into

illegal schemes?

Con Artist

If someone tells you about a great new company to invest in,

what should you do?

Do not show any interest in the company and ask them to leave

If you are required to pay to join a club and they ask you to get

others to join, what might this be an example of?

Ponzi Scheme

If you read an advertisement and decide to go to the store to

purchase this item to find out that this item is not available but a more expensive brand is, this is

an example of

Bait and Switch

Using a person’s name or personal information without

permission to make purchases or get loans

Identity Theft

Good/BadEnter your personal information

on a Web site so you can get more information before

deciding on an investment.

Bad

Good/BadTake the time to do careful

research before giving money or personal information.

Good

Good/BadAvoid letting emotions interfere

with financial decisions.

Good

Good/BadGet all information in writing

before giving money or personal information.

Good

A good password contains

A combination of letters and numbers

A legal term used when someone knowingly deceives you for their

own personal gain

Fraud

Good/BadDelete all e-mails asking for

personal information without responding to them.

Good

Good/BadGo along with a scheme so you get more information and then

report it to local law enforcement officials.

Bad

Good/BadIf you get a special offer in the mail, send cash so they cannot get your personal information

from a check or credit card.

Bad

Good/BadGive your best friends your

personal information—like your social security number and bank

account numbers—in case anything happens to you.

Bad

Who should report to immediately if you have become

a victim of identity theft?

Police