I'm not just a number. I'm a human being—all things about Credit.
Trans Union, Experian, and Equifax are private companies that evaluate and assign this.
What is a Credit Score?
Automated calls that look for a live person to answer the phone. They often prompt you to answer "yes" with questions like, "Can you hear me?".
What is a Robo Call?
What would cost more:
A. 5% Auto Loan for $20,000 paid for 5 years
B. 5% Credit Card for $20,000
What is B?
The interest on the auto loan would be $2645.48, paid off in 5 years. The credit card will take 7 years to pay off at an interest cost of $3724.22.
This attack plays on a person's desire for relationships. It is often a "long con" and can come in many forms of relationships.
What Online Romance?
Online romance refers to any relationship, be it romantic or friendship.
This is the best thing you can do to pay less interest on a loan.
What is putting money down?
Reducing the dollar amount financed is the best way to pay less over the life of the loan.
The Lottery Scam is attempting to get you to do this.
What is giving them money to share in lottery winnings, because they can't access the funds?
Or
Obtaining your personal and banking information.
Fill in one blank. Making extra payments will reduce ______ and ______ of the "true cost of credit".
What is Time or Amount?
Time is the enemy. The longer you are in a loan, the more interest you will pay. Interest is charged on the balance, amount owed, over time.
The government agency that protects consumers and promotes fair competition and Trade in the marketplace. Part of its mission to protect consumers is to fight cyber crimes.
What is the Federal Trade Commission?
Something has value if someone is willing to...
What is "pay for it"?
A thing only has value if someone is willing to pay for it. Price is determined by the market.
Often used on Older People, this scam impersonates someone you know well but may not speak with often. Its grandiose name refers to the relationship most often used by the scammer.
What is the Grandparent Scam?
The scammer may say things like:
"Hey, Granpa! Do you know who this is?"
This "C" is a percentage of your income compared to your monthly debts. It is known as the....
What is Debt-to-Income or DTI?
This emotional technique is the trick all scammers use to motivate their victims.
What is urgency?
True or False. A Credit Union is responsible for turning profits for its Wall Street investors.
What is False? Credit Unions are Not-For-Profit and are owned equally by their membership.
This scam, either on the phone, by text, or by email, pretends to be a known and trusted organization.
What is an Imposter Scam?
This could include Medicare, the Internal Revenue Service (IRS), the Social Security Administration (SSA), or banks and other trusted companies.
Name one:
These are some of the benefits of refinancing a loan or doing a debt consolidation loan?
What is extending the term to lower payment(s)? Getting cash out for purchases or improvements? Lowering high interest rates? Decreasing the loan term to pay off earlier and save interest?
A video of a person in which their face or body has been digitally altered so that they appear to be someone else. They are typically used maliciously or to spread false information.
What is deep fake technology?
Scammers can use AI to create realistic pictures by capturing images of people you trust and manipulating the images.
This "C" is not greatly considered by larger banks and credit unions.
a. Credit Score / b. Capacity (debt-to-income) / c. Collateral (loan-to-value) / d. Character
What is Character?
The larger a lender gets, the more they must rely on the credit score to determine loan risk. ACU looks at the total picture when making loan decisions.
Name one source a cybercriminal could use to capture a voice so they could use AI to clone your speech.
What are Robo Calls or Online Videos?
It takes less than 2 minutes for AI to learn your voice.
This is the reason one person will get a higher rate than another. The answer is not rate.
What is Risk?
This is the easiest way to protect yourself from criminals. Do this, ___________, with any call or email you didn't initiate to save you from being scammed.
What is Third-Party Verification?
Stop, hang up, use a number they didn't supply, and check them out.