CREDIT IDENTITY THEFT
100
What is credit?
Money you borrow from a creditor that you will repay with interest
100
What is dumpster diving?
When identity thieves go through your trash to find personal information to use for fraudulent purposes
200
What is non installment credit?
Money you borrow for a short time, usually from a retail store
300
What is installment credit?
Money you borrow for a specific purchase, with interest charged for a longer period
400
What is revolving open-end credit?
Credit with a maximum amount based on income and credit history, with interest charged monthly on the remaining balance
500
What is the type of credit you have on your credit card?
Credit cards have revolving open-end credit






BM151 Quiz 2 Review

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