Everfi Build Part 4: Addressing Issues with Credit

Which action is best if you suspect you're the victim of identity theft?

• Check your credit reporChange your email address

• . Get a PO box

• Change your phone number

How can you spot identity theft by looking at the personal section of your credit report?

• . If you see hard inquiries

• If you see credit lines that you have opened

• If you see an address that isn't yours

• If you see your accounts

What does an account you don't recognize on your credit report mean?

• You're not the victim of identity fraud

• You may be the victim of identity fraud

• Your credit report is valid

• Your credit report is inoperative

You don't have any credit, but when you check with a credit bureau, they have a credit report for you. What can you conclude?

• You are not the victim of identity theft

• The credit bureau made a clerical error

• There is nothing to worry about

• You could be the victim of identity theft

What is the definition of freezing your credit?

• No one can open a credit card in your name

• . No one can use your credit cards to make a purchase

• You can only use your credit cards if you notify one of the credit reporting agencies

• The credit reporting company will call to check when someone tries to open a new account

Why is placing a fraud alert an effective way of dealing with inaccuracies in a credit report?

• No one can share your credit report with a credit card or lending company

• . No one can use your credit cards to make a purchase

• You can only use your credit cards if you notify one of the credit reporting agencies

• . You will be contacted when someone tries to open a new account in your name

What's the difference between a freeze and an alert?

• With a credit freeze, you can apply for new credit but you can't use your credit cards, while with a fraud alert, you can.

• With a credit freeze, you can apply for new credit, while with a fraud alert, you can't

• With a credit freeze, you can't apply for credit, and it's the same for a fraud alert

• With a credit freeze, you can't apply for any new credit, while with a fraud alert, you can

If you fear you've been the victim of identity fraud, who do you contact to freeze your credit?

• The Federal Communications Commission (FCC)

• . A private detective

• The credit reporting agencies - Experian, TransUnion, and Equifax

• Credit card companies where you might open an account

What is a way to tell from your credit report that you've been the victim of identity fraud?

• Your address is correct

• There are accounts you don't recognize in your credit report

• You remember opening every account on your credit report

• . Your credit history starts when you opened your first credit account or loan

Michael noticed an inaccuracy in his credit report and he is interested in applying for a new credit card next month. Which action should he take?

• He should ask all three credit bureaus to freeze his credit

• He should ask one of the credit bureaus to issue a fraud alert

• He should call the police

• He should create a fraud report at the FTC