Basics Beginner: Responding to Identity Theft

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1.
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.
2.
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 _______.
Choose wisely. There is only one correct answer.
Securities and Exchange Commission. The Securities and Exchange Commission takes fraud complaints.
3.
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.
4.
If one of your financial accounts has been defrauded and you need to close it, you can fill out and send in a fraud dispute form. If the company does not have one, you can get a sample form from the Federal Trade Commission.
Choose wisely. There is only one correct answer.
True. The Federal Trade Commission offers a sample form to use; other government bodies also may offer them.
5.
There are many good reasons to fill out an affidavit with the Federal Trade Commission after your identity has been stolen. One of them is that it can help your creditors investigate fraud in your accounts.
Choose wisely. There is only one correct answer.
True. An FTC affidavit carries some weight with creditors.