Basics Beginner: Consumer Protection against Fraud

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1.
It is a felony to use another person's identity to commit an unlawful act.
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True. The Identity Theft and Assumption Deterrence Act was established by Congress in 1998 to address this.
2.
When shopping online, it is a good idea to make sure there is a _______ at the bottom of the Webpage.
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Padlock icon. The padlock icon is a sign of extra security.
3.
Who must you contact to have a fraud alert put on your credit card?
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The three major credit bureaus. Only the three major credit bureaus can put a fraud alert on your credit card.
4.
If a salesman is promoting an investment opportunity as being limited to just a few people, that means it is likely legitimate.
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False. Generally, describing such an opportunity as limited to just a few people is a sign of a scam. It is designed to make you feel special and therefore willing to give up your money.
5.
Why might scammers go to great lengths to detail the intricate aspects of the scams they present?
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Detail makes it look legitimate. It can look more like a legitimate opportunity when there are details involved.
6.
How can someone steal your identity?
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All of the above. There are many ways to steal an identity, and these are just a few.
7.
Under the Fair Credit Reporting Act, anyone inquiring about your credit report must first get _______ permission.
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Written. Written permission is required.