Protection & Insurance
This property insurance policy protects a person's physical possessions against theft or damage even if they do not own the building they live in.
What is renter's insurance
This auto insurance handles damage to your own vehicle when you collide with another car or object, but it won't pay for the other person's property.
Collision insurance
This is the frequency with which you can legally request a completely free credit report from each of the major bureaus.
What is yearly (or once a year)?
This popular online scam uses fake text messages, emails, or phone calls from an impostor posing as a legitimate bank or government agency.
What is phishing?
This unique type of spending habit is marked by temporary emotional highs followed by severe feelings of guilt and depression.
What is compulsive spending?
This is the out-of-pocket amount a policyholder must pay directly before their insurance company covers the remaining expenses.
What is a deductible
If your vehicle is damaged by hail, theft, vandalism, or hitting an animal, this specific coverage pays for it.
comprehensive physical damage insurance?
These are the three major credit bureaus responsible for keeping track of your consumer credit history.
What are Equifax, Experian, and TransUnion?
This in-person fraud occurs when a thief installs an undetected hidden device on an ATM or gas pump to secretly clone your card details.
What is skimming?
This specific Twelve Step group uses AA principles to help members stop taking out loans and stop using credit cards entirely.
What is Debtors Anonymous (DA)?
To keep an accurate record for future insurance claims, the workbook recommends taking photos of items and recording these specific identifiers.
What are serial numbers
This type of auto insurance covers medical, hospital, and funeral bills for you and your passengers regardless of who caused the wreck.
medical payments insurance?
This type of credit card requires a cash deposit (often around $500) and is ideal for building or rebuilding a brand-new credit history.
What is a secured credit card?
This retail trap gives fast cash advances but routinely catches consumers in a spiral of debt due to hidden fees and massive interest rates.
What is a payday loan?
This separate support program functions like Al-Anon, focusing specifically on helping the families and friends of compulsive gamblers.
What is Gam-Anon?
This specific insurance feature pays the expenses for any damages or injuries that you accidentally cause to other people.
What is liability coverage
This coverage protects you and your passengers if you are injured by a hit-and-run driver or a motorist who carries no insurance.
uninsured motorist insurance?
According to the workbook, credit scores falling below this specific number are considered risky or "bad" credit.
What is 580?
These targeted installment plans let you take home appliances or furniture early, but end up charging interest that far exceeds the item's retail value.
What are rent-to-own programs?
Checking this many "yes" boxes on the workbook's self-assessment suggests that an individual might have a problem with compulsive debt.
What is 4 or more?
Because insurance carriers have varying rules, some companies may require a set amount of time in this status before issuing a policy.
What is recovery (time in recovery)
Under this specific state system, your own insurance automatically pays your car damage and medical bills up to a limit, but you give up some rights to sue.
no-fault auto insurance
Most negative credit info is automatically erased from your report after this many years have passed without disruption.
What is seven (7) years?
The workbook flags low-interest card processing helpers and agencies charging fees to erase accurate marks as this specific category of scam.
What are worthless services?
Unlike commercial debt relief agencies, legitimate nonprofit consumer counseling groups will never try to sell you these financial products.
What are credit cards?