Your Identification documents are taken or online personal files are hacked without your permission.
What is an Identity Theft?
100
Details of how someone has used credit in the past.
What is a credit report?
100
Clothes, Food, Place to live, and a way of transportation.
What is a need?
100
Lets you pay in full, usually monthly, for a service as charges add up.
What is Service credit?
100
Your personal information is used to make purchases, withdraw cash, or set up new accounts without your approval.
What is an Identity Fraud?
200
A legal agreement between you and the lender about what each of you must or must not do.
What is a contract?
200
A tree-digit number based on the person's credit report.
What is a credit score?
200
Games, Skateboard, Ipod, Flat screen TV.
What is a want?
200
Closed-ended credit is another way of saying it.
What is another name for Installment credit?
200
Deter, Detect, and Defend
What are the triple-D approach to frauds?
300
Short term loan to help hardworking people fund businesses in low-income communities as part of a plan to reduce poverty.
What is microloans?
300
Someone who agrees to repay the debt if you don't and will need to be approved by a lender.
What is a cosigner?
300
Analyze your values, money management habits, and your financial situation.
Set SMART financial goals.
Plan what needs to be done with checkpoints and plan strategies to cope with unexpected events.
Carry out your plan and track your progress using systems that work for you.
Monitor and reflect on your progress; adjust your plan as your situation changes.
What are the steps of the Financial Planning Process?
300
Allows you to borrow up to a maximum dollar amount whenever you want, without applying for credit each time. And there's no set payoff date.
What is Revolving credit?
300
Regularly review your accounts and billing statements.
Sign up for email or text-messaging alerts.
Regularly review your credit report.
How do you Detect?
400
The amount you pay to use someone else's money, usually a percentage of the principle.
What is interest?
400
Someone who is equally responsible for the balance of the account along with the other person named on the account, and is legally liable for any amount due.