Created by Mr Mckinlay
almost 9 years ago
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Copied by lsjin
almost 9 years ago
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Question | Answer |
identity Theft | when someone pretends to be you (imposter) and uses your personal information to commit fraud or other crimes. |
Account Fraud | Crime that occurs when someone obtains your credit card or bank information and makes unauthorized charges or withdrawls |
Personal Information Examples: | Pin #, password; bank account information; social security # |
Ways thieves get your perso);nal information: | phone calls; not logging off computer (secure sites); looking over your shoulder; dumper diving; computer / credit card machine hacking |
How to keep your personal information safe: | make passwords hard to guess; lock up information documents; keep personal belongings with you at all times |
Bankruptcy | court proceeding; remains on your credit record for up to 10 years |
Chapter 7 | chapter that of bankruptcy that removes your responsibility for paying most of your debts not secured by collateral |
Chapter 13 | the chapter of bankruptcy that is an option if you still have income, but can't pay your debts |
Bankruptcy Requirements | pre-bankruptcy that credit counseling and pre-discharge debtor edeucation |
Bankruptcy Negative | It may be hard to get a new credit for a car or a house or to get approved for a rental apartment |
Bankruptcy Positive | It can remove your worries about debts and give you a financial fresh fresh |
Bankruptcy | Stay on your credit report for to 10 years |
Credit | Ability to borrow money or obtain goods by paying little or no money at time of purchase. You pay orignal cost plus interest! |
Reason we need credit: | house or car |
Bad Credit | If you pay bills late and file bankruptcy |
Good Credit | If you your bills on time |
How often can you request a copy of free credit report? | once a year |
You can get a copy of your credit report from: | Experian, Trans Union & Equifax |
Good Debt | Going into debt over something that id\s |
Good Debt | Going into debt over minimum amount due for your credit card bill |
Bad Debt | Going into debt over something that you |
Micro Businesses | are very small compainies run by their owners with few or no employees |
Many businesses fail because they lack adequate | funding |
A good businessperson has | Discipline; Experience; Patience; People skills; and good with numbers |
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