Which of the following is a sign that your identity may have been stolen?
Chapter 4 PFL - Debt Quiz

Quiz
•
Social Studies
•
9th - 12th Grade
•
Hard
Jacob Stimson
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
call from a collection agency about a debt you didn’t incur
Bank and billing statements don’t arrive on time
Your credit report shows accounts you didn’t open
All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a recommended step in the Drive Free method of purchasing a car?
Plan your purchase in advance using the sinking fund method of saving.
Place your savings in a mutual fund so that your money can make more money.
Start with an inexpensive car and gradually move up in car value as your savings increases.
Explore new car dealerships for the best interest rate.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Co-signing a loan is a good way to help a friend or relative.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you are a victim of identity theft, you are only responsible for paying back half of the debt.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
Spending history
You cannot get a mortgage without a credit history
None of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Teens are a huge target of credit card companies today.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factors affect a credit score?
Type of debt
New debt
Duration of debt
All of the above
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