WorksheetsUnit 3 Review #4
Total questions: 20
Worksheet time: 10mins
The best way to investigate fraudulent transactions on your credit card is to:
Review all old bank statements
Keep track of your monthly budget
Review your recent credit card statements
Keep a copy of your bank statements in a safe place
What activity will require you to provide your social security number?
Renting a car
Starting a new job
Boarding an airplane
Buying something with a credit card
It is generally safe to provide your Social Security Number to:
Anyone who asks you for it
Verified trusted sources that need it
Close friends and relatives who do not know it
High school teachers who want to have it on record
Which document puts you at the LEAST risk of identity theft?
Receipts
Old tax records
Paycheck stubs
Pre-approved credit card offers
After a suspected identity fraud case has been resolved, you should:
Continue to monitor your credit reports and accounts
Keep all copies of relevant documentation
Both Options
Neither Options
Which type of password would be considered secure?
A line from your favorite song
Your social media handle and current age
Your birthdate and the name of the street where you grew up
Your nickname and athletic number
What is a way to protect your social security number and other sensitive information from identity theft?
Don't tell creditors when you move
Limit how may credit cards you carry
Use a simple password that is easy to remember
All Options
The safest action to take if someone claiming to be from your bank calls you to ask for account information is to:
Provide only your name and account number
Pull up the bank website and compare information
Hang up and call back using the bank’s official phone number
Ask the caller to explain the account information they need in more detail
What is the safest way to dispose of old bank account statements?
Shred them in a paper shredder
Put them in the trash unopened
Throw them out in a neighbor’s trash
Keep them bundled together in a folder
Which of the following scenarios might indicate that you have been a victim of identity theft?
You do not pay your credit card bill on time
Your credit report displays accounts you did not open
Both Options
Neither Option
Which of the following is the BEST way to protect against identity theft?
Use only local public access Wi-Fi
Discard old account statements weekly
Change online account passwords frequently
Avoid emails from people who do not like you
Credit card companies require cardholders with a balance to at least make a minimum payment each month.
True
False
What is a credit card balance?
The required minimum payment to your credit card company
A way to track your incoming and outgoing purchases
The amount of money you still owe to the credit card company
The amount of interest you must pay the credit card company
Making a credit card minimum payment: _____.
Is the same thing as making a late credit card payment
Means you are paying a small portion of your total credit card debt
Will have a negative effect on your credit score
Will cause your credit card to be cancelled
Identity theft happens the moment someone _____.
Steals your information
Gets caught by the police
Has your credit card in their hand
Uses your information without your permission
Which of the following are true if you pay only the minimum amount each month towards your credit card bill?
You may be in debt for a long time
Your Annual Percentage Rate will increase
You will be charged interest on your remaining balance
What is the FIRST action you should take if you suspect there has been a fraudulent charge on your credit card?
Close all bank accounts associated with that credit card
Order your credit report to look for other fraudulent activity
Contact the credit card company to report the fraudulent charge
Call the store where the purchase was made and ask them to remove the charge
Identity thieves can use your personal information to:
Open a credit card
Get a cell phone contract
Sign up for electricity service
All options
If you are under 21, you can do these two things to get a credit card: _____.
Anyone can open a credit card at 18
Have someone co-sign
Prove you are financially independent
have a good credit score
How long does bad information stay on your credit report?
Forever
3-5 Years
7-10 Years
12-15 Years
