Credit, Consumerism and Identity

In reviewing your Summary Account Activity (#1), you notice FEES CHARGED of $69.45. This fee was assessed on your account for the following reasons EXCEPT…

• Late Payment

• Fee Balance Transfer

• Fee Cash Advance

• Fee Annual Fee

How much do you currently owe on this credit card?

• $535.07

• $785.00

• $529.57

• $1,784.53

Which of these transaction types DECREASE how much you owe the credit card company?

• Balance Transfers

• Cash Advances

• Payments

• Interest Charged

Which is an act of identity theft?

• Receiving permission to use a parents’ credit card for school clothes

• Wrongfully acquiring and using someone’s personal identification

• Taking the identity of another individual as inspiration for a costume

• Having the same name as another person

Matt wants to guard his personal information. Which personal information is least likely to be used by scammers?

• Phone numbers

• Credit card numbers

• Bank account numbers

• Driver's license numbers

Which is NOT a positive credit card behavior?

• Post your credit card number on Twitter

• Pay the entire amount on time every month

• Be aware of how your credit card affects your credit history

• Check statement monthly for errors

When thieves go searching through dumpsters, trash cans, recycling bins, and even trash heaps at the landfill to find personal information.

• Pharming

• Phishing

• Dumpster Diving

• Identity Theft

The process of reading credit card information from the magnetic strip on a credit card through the use of an unauthorized scanning device.

• Phishing

• Skimming

• Swimming

• Pretexting

How can you build a positive credit history as a young adult?

• Get a credit card and use it responsibly

• Become an authorized user on an adult's card

• Pay the balance in full each month

• All of the above

If you reach bankruptcy, your credit score is

• very low

• very high

• a good middle average