Credit Protection Worksheet Essay

683 words - 3 pages

Credit Protection Worksheet

FP/101-Foundations of Personal Finance

Credit Protection and Identity Theft

Directions

Refer to:
Free Credit Report on the Federal Trade Commission’s site.

Identity Theft resource center on the Federal Trade Commission’s site.

Provide answers to three of the following questions based on your readings and your personal experiences. Answers should be 100-to 150-words each.

1. If you find errors on your credit report, what steps would you take to correct them?

You’d tell the credit reporting company, in writing, what information that you found that’s inaccurate on your credit report. The agency must investigate the items within 30 days usually, unless they consider your dispute unfounded. The credit reporting company must forward the data you provide to the company that provided them the information. After the company receives a notice about the dispute from the credit reporting ...view middle of the document...

First of all nothing is free, so as soon as you hear something like that you should be wary of a scam. A lot of these companies that make all these claims of repairing your credit are usually doing something that is illegal or fraudulent such as stealing social security numbers of people underage or no longer living, they replace a person’s credit file with the stolen social security information.

3. Have you, a family member, or a friend been a victim of identity theft? How did it happen? Describe the resolution process- ex. how much time did it take, what credit damage was corrected?

My Mom was actually just recently a victim of identity theft, a couple weeks ago she got a call from her bank questioning some charges that had been made in New Jersey around the same times she had made charges in Toledo, where we live. Obviously my Mom told them they were fraudulent charges because she’s never been to New Jersey so the bank put a freeze on her account. They think someone had gotten her account number by putting a magnetic strip at a gas pump she had used somewhere. It took about a week for her to get everything straightened out, she had to cancel her card as well so it took 10 days for her to get a replacement..it was a big hassle.

4. Using the FTC site, what can you do to minimize the chance of your identity getting stolen?

Some of the things you can do to minimize the chances of your identity being stolen would be to kep your important, personal papers in a an organized secure place at all times. Shredding personal papers and documents, and making sure that any personal information or account numbers are blacked out if they’re thrown in the trash. Always make sure to keep only any personal information that’s necessary on you, and only carry any credit cards that your going to need at one time, so there’s less chance of losing it or getting it stolen if it’s left at home.

Post the Credit Protection and Identity Theft worksheet as a Microsoft® Word attachment.

Other Papers Like Credit Protection Worksheet

Assignment

6773 words - 28 pages , risk management and insurance protection will be established to offset this risk. Moose Mountain Café will be an independent, start-up venture. The proposed starting date for the venture will be 07/04/2010. This business plan documents the precise strategies and activities that will be taken in order to commence operations of the business. The Moose Mountain Café will be located at 200 Main Street, Moose Mountain, NH, with seating for 20

Sr Analyis Essay

5553 words - 23 pages | | | | | | | | |Credit Policies | | | | | | | | |Advertising | | | | | | | | |Image

Evidence Collection

2876 words - 12 pages Chargers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-8 Write Block Protection Devices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-8 Data Acquisition Tools

Principles of Information Security

3241 words - 13 pages care industry? 8. If you work for a financial service organization such as a bank or credit union, which 1999 law affects your use of customer data? What other affects does it have? 9. What is the primary purpose of the USA PATRIOT Act? 10. Which 1997 law provides guidance on the use of encryption? 11. What is intellectual property (IP)? Is it afforded the same protection in every country of the world? What laws currently protect it in the

Principles Of Information Security

3291 words - 14 pages ) Date 1998 1998 Description Provides specific penalties for removing copyright protection from media Attempts to instigate specific penalties for identity theft by identifying the individual who loses their identity as the true victim, not just those commercial and financial credit entities who suffered losses Repeals the restrictions on banks affiliating with insurance and securities firms; has significant impact on the privacy of personal

Computer System Security

3291 words - 14 pages ) Date 1998 1998 Description Provides specific penalties for removing copyright protection from media Attempts to instigate specific penalties for identity theft by identifying the individual who loses their identity as the true victim, not just those commercial and financial credit entities who suffered losses Repeals the restrictions on banks affiliating with insurance and securities firms; has significant impact on the privacy of personal

Freedom And Responsibility

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws

2348 words - 10 pages presidents did not sign the Matthew Shepard Bill into a law until 11 years after Matthew Shepard’s murder, which was attributed to his sexual orientation. President Obama signed the law, which makes assaulting people based on sexual orientation a federal hate crime. Obama signed the Mathew Shepard Act into a law on October 28, 2009, in honor of Mathew Shepard and James Byrd Jr. The law enlarges the protection groups to include perceived gender

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania

1636 words - 7 pages world’s culture, they are both under the protection of UNESCO. The last, but not the least, Albanian town to visit is Korca. This town lies next to Pogradeci, in the southeastern Albania. Albanians consider Korca to be the small Albanian Paris, as its citizens are quite romantic. The village of Voskopoja is part of this city. Surprisingly, it used to be a trade center and the “home” of the first university in Balkan. This wonderful eastern village is

A Heart Of Darkness

1748 words - 7 pages In this short story, there are frequent significant subject and ideas that make the story, "A Heart of Darkness," by Joseph Conrad, and haunting novel. The main theme is absolute white power over the natives. The theme validates the corruption, and the dependence caused by the white people as they took over the Congo. White men were giving all the power; they had no self-control, and in the end they did not use wisely. The white men became

Related Essays

Making A Choice Essay

541 words - 3 pages | |Option 1: Business Overdraft Protection |1. Ensures that the business always has funds available |1. Credit limits available mjust be taken of atleast | | |through its Business Chequing Account |$1,000. | | |2. Convenient; Can be accessed through Cheque, Cash |2. Crdit

Applying Owasp To A Web Security Assessment

589 words - 3 pages ? Use as a metric Use as guidance Use during procurement 6. Identify the four levels used for ASVS. Level 1 Automated Verification Level 2 Manual Verification Level 3 Design Verification 7. According to the OWASP development guide, what are some guidelines for handling credit cards on Web sites? Storage permitted but protection required Sensitive authentication data - storage not allowed Auth numbers Attackers look for soft targets

Tax Prepretion Essay

4268 words - 18 pages decision tree in the Volunteer Resource Guide, ACA tab, to assist you in addressing the pertinent ACA issues for each tax return. * ACA Worksheet * Minimum Essential Coverage * Federal Poverty Lines * Shared Policy Allocation * Shared Responsibility Payment * Health Care Exemptions * Federal Tax Filing Requirement Thresholds * Premium Tax Credit Form 8962 Tax Forms applicable to ACA: * Form

Fin 315 Exam Essay

5030 words - 21 pages comfortable retirement. E) all of the above. Answer: E Diff: 2 Topic: Financial Planning AACSB: 3. Analytical skills 6) What are common factors found in an effective financial plan? A) Effective financial plans should be flexible to allow for changes in your situation B) Effective financial plans should provide sufficient liquidity to meet unexpected needs C) Effective financial plans should provide insurance protection from catastrophic