Identity Theft
The act or crime of stealing
Theft
Malicious software
Malware
A financial institution licensed to receive deposits and make loans
Banks
A card used to make a purchase now and must be repaid later
Credit Card
A number assigned to a person that indicates to lenders their capacity to repay a loan
Credit Score
Copied fraudulently; fake
Forged
A person who carries out a harmful, illegal, or immoral act
Perpetrator
A record or statement for financial purposes
Account
Is the crime of gaining money or financial benefits by a trick or lying
Fraud
A person or company to whom money is owed
Creditor
A person who is tricked or duped
Victim
Swindle; a dishonest scheme
Scam
Protect from harm or damage with an appropriate measure
Safeguard
A travel document, issued by the government
Passport
Is a detailed breakdown of an individual's credit history prepared by a credit bureau
Credit Report
How does your credit score affect your interest rate for credit card or loans?
The higher your score, the lower the interest rate
Name one of the three credit reporting companies.
Transunion
Equifax
Experian
What is the lowest credit score?
300
What is your starting credit score?
Around 580
Name one thing that makes up your credit score.
Payment history
Amounts owed
Length of credit history
New credit
Credit mix
1 from each (3 total)
Name all three credit reporting companies.
Transunion
Equifax
Experian
What are some things to look at when searching for a credit card?
Introduction offers
Benefits
APR
Credit score needed
What is the lowest and highest credit scores?
300
850
What are the five things that make up your credit score?
Payment history
Amounts owed
Length of credit history
New credit
Credit mix