Basics Beginner: Responding to Identity Theft

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1.
If your telephone service becomes a victim of identity theft, which federal agency can assist you?
Choose wisely. There is only one correct answer.
Federal Communications Commission. The FCC handles communications-related issues.
2.
If you need to close a financial account in the event of fraud, it helps to fill out a fraud dispute form with the company. It will carry more weight if it is accompanied by _______.
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An identity theft report filed with the police department. A report like this carries legal authority.
3.
Which of the following cannot help you stop payments on your checks in the event of identity theft?
Choose wisely. There is only one correct answer.
The Federal Trade Commission. The FTC is not involved with stopping checks. The other two are.
4.
An "extended alert" on your credit report means that you are a victim of identity theft, and it remains in place for seven years.
Choose wisely. There is only one correct answer.
True. It differs from an "initial alert," which remains in place for six months.
5.
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?
Choose wisely. There is only one correct answer.
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.