Dave Ramsey Credit Score and Identity Theft

Which of the following is not a factor in determining a FICO score?

• Getting a personal loan from a bank

• Using credit cards

• Paying cash for all purchases

• Taking out a mortgage on a house

What factors affect a credit score?

• Type of debt

• New Debt

• Duration of Debt

• All of the above

If you do not have a FICO score, what factors will determine whether or not you qualify for a mortgage?

• History of rental and utility payments

• Amount of your down payment and employment history

• You cannot get a mortgage without a credit history

• A and B

12) A credit score is intended to measure:

• Your financial success

• The risk of your not repaying debt

• Your income level

• The amount of money you have in the bank

Which of the following is a sign that your identity may have been stolen?

• A call from a collection agency about a debt you didnʹt incur

• Bank and billing statements donʹt arrive on time

• Your credit report shows accounts you didnʹt open

• All of the above

If you are a victim of identity theft, you are only responsible for paying back half of the debt.

• True

• False

Tags

CCSS.2.G.A.3

There are three credit bureaus: Experian, TransUnion and Equifax.

• True

• False

You can and should obtain a free copy of your credit report annually in order to check for any suspicious activity.

• True

• False

Which is an act of identity theft?

• Receiving permission to use a parents’ credit card for school clothes
• Wrongfully acquiring and using someone’s personal identification
• Taking the identity of another individual as inspiration for a costume
• Having the same name as another person

When another’s personal information is used without their permission.

• Identity Theft
• Communication Fraud
• Credit Fraud
• Investment Fraud