Basics Beginner: Consumer Protection against Fraud

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1.
Your credit record can affect your ability to get a job.
Choose wisely. There is only one correct answer.
True. Some employers check your credit record as part of their background check on you.
2.
"Smishing" is a term that refers to stealing personal information via _______.
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Texting. Smishing refers to baiting people via text messages and persuading them to divulge personal or financial information.
3.
Which law gives a consumer the right to have a credit report item dispute resolved within 30 days?
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Fair Credit Reporting Act. The FCRA gives consumers the right to have disputed information investigated and reported back to them within 30 days.
4.
You should be wary of emails that claim to come from the IRS because _______.
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The IRS does not send emails to people. Any email claiming to be from the IRS is not legitimate and should be reported.
5.
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.
6.
Telephone scammers assume that people they call will want to be courteous to them on the phone.
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True. This courtesy is part of how they trap innocent people.
7.
The Better Business Bureau can help you research an investment opportunity that someone is trying to sell you.
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True. The Better Business Bureau is a resource that can help you find out whether a business opportunity is legitimate.