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1.
Which of the following cannot help you stop payments on your checks in the event of identity theft?
The Federal Trade Commission. The FTC is not involved with stopping checks. The other two are.
2.
An "extended alert" on your credit report means that you are a victim of identity theft, and it remains in place for seven years.
True. It differs from an "initial alert," which remains in place for six months.
3.
What is the best way to notify a debt collector that you are a victim of identity theft and not responsible for the unpaid bill?
Inform the debt collector by phone and in writing that you are the victim of identity theft, and send the collector copies of documents demonstrating you are a victim, such as a police report. Normally, this information will cause the debt collector to stop collection efforts.
4.
If a credit bureau issues an alert that you may be, or have been, the victim of identity theft, what is a creditor's responsibility?
A creditor must take extra steps to verify the identity of anyone making a transaction on your account(s). In the case of an extended alert, you may request that the creditor call you before any transactions are allowed.
5.
If you are a victim of investment fraud by an identity thief, you should report it not only to regulators in your state, but also the _______.
Securities and Exchange Commission. The Securities and Exchange Commission takes fraud complaints.