Burke_Personal Finance_Unit 2 Test Review

Which of the following will NOT help you to avoid identity theft? two correct, select one

Where can you go get cash fast for selling something of value or you can return for the item later paying pricipal + %

A good way to prevent identity theft is to read credit card and medical bills and statements carfeully each month.

Which of the following are considered security firms? Two correct answers, just select on.

Financial Institution that has a full range of services and is up to date on the latest banking technolgy available?

Number 4 circled at the bottom of the check is know as what?

This happens when someone else attempts to apply for credit cards, loans, and accounts in your name.

In which of the following instances is a chip credit card Not a important than one with a magnetic strip?

Pred. lending: Lender promises you a loan at one interest rate, then has you sign for a diff., higher rate on paper?

Financial institution at which to apply for a mortgage and specialized in this type of loan?

Lender offers to purchase home facing foreclosure and then agrees to rent the home to the now former owner indefinitely

What service offered by fin. inst. aid in paying bills without having to write a check or go to a business to pay?

Pred. lending: Agreed to terms of loan, then payment is higher, lender added credit insurance to pay off balance

You believe you applied for a low rate loan with low payments, but it is a short term loan that needs refinanced

Type of scam where a device is put in place to steal card information by reading the magnetic strip on the card.

Banks, Credit unions, and S&Ls are all insured for up to $250,000.