Questions from Personal Finance


Q: Discuss steps you can take to safeguard your personal information.

Discuss steps you can take to safeguard your personal information.

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Q: Theft. What steps should you take if you become a victim

Theft. What steps should you take if you become a victim of identity theft?

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Q: How did the Credit Card Accountability, Responsibility, and Disclosure Act

How did the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 change credit card access to students under the age of 21? Why was this change deemed necessary?

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Q: What is your credit history? How does it impact your ability

What is your credit history? How does it impact your ability to borrow money?

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Q: Explain how closing a credit card account can negatively impact your credit

Explain how closing a credit card account can negatively impact your credit score.

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Q: Explain the advantages and disadvantages of using a credit counseling organization.

Explain the advantages and disadvantages of using a credit counseling organization.

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Q: What are some factors to consider when using social media with respect

What are some factors to consider when using social media with respect to identity theft?

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Q: The Equal Credit Opportunity Act prohibits creditors from denying credit for what

The Equal Credit Opportunity Act prohibits creditors from denying credit for what reasons? If you are denied credit, do you have the right to know the reason for the denial?

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Q: How do utilities extend credit, and how can this credit help

How do utilities extend credit, and how can this credit help you establish a credit history?

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Q: Name the three major credit bureaus. How do they score your

Name the three major credit bureaus. How do they score your credit rating? Will all three major credit bureaus always produce the same credit score?

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