Fraud & Consumer Protection
Personal information that is stolen and used by someone else.
What is identity theft?
The opportunity to borrow money from a bank, credit union, finance company, or card issuer to make a purchase.
What is credit?
Insurance that helps replace lost income if you become ill or injured.
What is disability insurance?
Personal savings plan that gives tax advantages for savings for retirement.
What is an IRA (Individual Retirement Account)?
A document that states how you want your property to be distributed after your death.
What is a will?
The law that allows you to return your car if defects or manufacturing problems occur repeatedly within the first year.
What is a "lemon law"?
Free Application for Federal Student Aid
What is FAFSA?
Insurance that covers nursing home or assisted living care.
What is long-term care insurance?
A personal savings plan where earnings that remain in the account are not taxed.
What is a Roth IRA?
The person or persons you designate to inherit your assets after your death.
What is a beneficiary?
Investors make money from recruiting more investors, rather than form sales or profits from a stock or product.
What is a pyramid scheme?
Equifax, Experian, and TransUnion.
What are the three major credit reporting agencies?
Whole life and term life insurance
What are the two main types of life insurance policies?
This agency offers a variety of consumer services including consumer education materials, business reports, and a listing of consumer complaints.
What is the Better Business Bureau?
The person designated to settle the estate after your death.
What is the executor?
Secure your social security number, protect your PIN, shred receipts and account statements among other things.
What are ways to prevent identity theft?
A form of credit where your home is used as collateral for a loan.
What is a home equity loan?
This health insurance option offers lower co-payments and covers the cost of more preventive care, but limits your choice of health care providers.
What is an HMO (Health Maintenance Organization)?
Investment includes a variety of securities such as stocks, bonds, and/or money markets.
What is a Mutual fund?
80% of your pre-retirement income
What is the amount of money experts advise you will need in your retirement years?
Use a credit monitoring service, change passwords, place a freeze on credit card reports, and monitor account balances and statements closely.
What should be done after notification of a data breach?
A number that lenders and other companies use to evaluate your credit risk.
What is your credit score?
This health insurance option offers lower co-payments and gives you a flexible selection of health care providers.
What is a PPO (Preferred Provider Organization)?
Investment in a particular index such as the S & P 500.
What is an index fund?
A plan that designate how you would like digital assets and online accounts to be handled after your death.
What is a digital asset plan?