Credit Protection Worksheet - 627 Words

University of Phoenix Material 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? If you find errors on your credit report, there are several steps you need to take. Under FCRA, the credit reporting company and information provider are responsible for correcting any inaccurate information on your credit report. You need to write a letter to†¦show more content†¦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 grand mother had her identity stolen once. We found out the elderly are a common victim of identity theft. An entire year went by before she knew her identity was stolen and the only reason she found out was because she found out she was missing money from her account each month to the point that her mortgage payment was not being paid in full each month. She was under the impression the bank took care of everything, her husband was taking care of the finances but he passed away so everything started to unravel. Once she found out she owed the bank a lot of money toward her mortgage and was very behind on payments. She never found out who did it, had to get all new cards and numbers, and is still paying for it today. 4. Using the FTC site, what can you do to minimize the chance of your identity getting stolen? There are many ways to minimize the chance of getting your identity stolen such as; keeping or shredding all documents with your name, address, any important numbers like your social security number or bank account numbers. If you need these papers, put them in a lockable fire safe. There are also web sites called â€Å"Active Duty Alerts† that can helpShow MoreRelatedCredit Protection Worksheet671 Words   |  3 PagesCredit 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 youRead MoreGet A Financial Life : Personal Finance898 Words   |  4 Pagesone’s financial standing one must know their expense to income ratio. Kobliner provides a worksheet that breaks down sources of income and expenses, which allows one to see easily their monthly income and outcome. Unfortunately, the knowledge of what one spends and earns in a month is ineffective unless accompanied with guidelines to help appraise one’s current asset consumption. In order to service the worksheet she provides target ratios for debt, rent, and savings to total income. To finalize thisRead MoreFp101959 Words   |  4 PagesMaterial 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? 1. Tell the credit reportingRead MoreCSR Program Proposal for Columbia Bank1238 Words   |  5 Pagesgreatest hurdles individuals face in reaching financial success in our country, and particularly in the Washington D.C area, is student loan debt. According to an article in the Washington Business Journal written by Jeff Clabaugh (2013), â€Å"Credit monitoring firm Credit Karma Inc. says the average student loan debt among borrowers in D.C. in August was $42,873, almost 50 percent higher than the national average. Maryland ranks second-highest for student loan debt, with an average balance of $31,791 (paraRead MoreHow Can Communities and Governments Encourage Recycling Efforts in the United States?3602 Words   |  15 Pagesplanning and the opportunity to apply the techniques and strategies essential to this understanding. 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Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies containedRead MoreEssay on Fair Credit Reporting Act and Personal Finance1879 Words   |  8 Pagesplanning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies containedRead MoreThe Ps Of Marketing Are Product, Place, Price And Promotion1416 Words   |  6 PagesTax Service product is a tax preparation service. Four T Tax Service offers various products and services. Income tax return preparation and electronic filing and paper filing are offered. Advice on status, deductions and credits are given as part of this service. Audit protection is also offered where in the event of an audit we can assist the tax payer with the audit. The place a customer can look for Four T Tax Service is in Henderson Nevada. Since we are located in Henderson Nevada we areRead MoreLaw 531 Business Forms Worksheet1386 Words   |  6 Pagesï » ¿University of Phoenix Material Business Forms Worksheet There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation. 1. Research and provide three advantages and three disadvantages for each business form. 2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. 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