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Personal Finance Courses: Consumer Protection against Fraud

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1.
The only known danger of medical identity theft is having large medical bills charged to you.
Choose wisely. There is only one correct answer.
False. There are other dangers; for example, a thief could put false information on your medical record, which could be life-threatening.
2.
If your credit cards have been used fraudulently, you should contact the major credit bureaus to have _______ placed on them.
Choose wisely. There is only one correct answer.
A fraud alert. This is one of the steps you must take to protect your credit cards.
3.
Under the Fair Credit Reporting Act, you can be exempted from direct mail solicitations that are based on lists obtained from credit bureaus.
Choose wisely. There is only one correct answer.
True. You have the right to not be included in them.
4.
If a salesman is promoting an investment opportunity as being limited to just a few people, that means it is likely legitimate.
Choose wisely. There is only one correct answer.
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?
Choose wisely. There is only one correct answer.
Detail makes it look legitimate. It can look more like a legitimate opportunity when there are details involved.
6.
If someone sends you an email claiming to be from a certain organization, it may or may not be legitimate. If it is not legitimate, then it is _______.
Choose wisely. There is only one correct answer.
Phishing. Phishing is impersonating an organization in email, over the phone, or via text to persuade you to give out your personal information.
7.
Posting your birth date online is harmless.
Choose wisely. There is only one correct answer.
False. Thieves can sometimes use birth dates in conjunction with names to commit fraud against you.