Answers TX-Money MattersManaging Financial Information

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A car dealership analyzing whether it will loan money to William to buy a new car finds that his credit score is in the "very good” range.Which statement best describes the lender’s viewpoint of William?

He is a low-risk borrower who qualifies for lower interest rates.

He is a low-risk borrower who will struggle to obtain a loan.

He is a high-risk borrower who will get multiple loan offers.

He is a high-risk borrower who qualifies for higher interest rates.

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Which person is a victim of identity theft?

Suzie, whose e-mail was stolen and used to apply for a credit card from a major retailer

Michael, whose credit score was stolen and used to make a down payment on a home

Pam, whose smartphone was stolen and used to make a mortgage payment

Thomas, whose credit card information was stolen and maxed out at a jewelry store

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It is important for victims of identity theft to contact the authorities

after determining whether they have lost any money.

quickly to protect themselves from embarrassment.

after determining how someone stole their identity.

quickly to protect themselves from financial losses.

When can a credit agency release someone’s credit information in Florida?

when an employer requests it

when a consumer authorizes it

when a lender asks for it

when a security freeze is put on it

Bryan receives an e-mail from a group posing as a police officers association and asking for bank account information. This is an example of

social engineering.

phishing.

counterfeiting.

forgery.

Which of these scenarios most puts Margaret at risk of identity theft?

Margaret manages her bank account through its website while using a restaurant’s public wifi.

Margaret manages her bank account by calling her bank directly and using personal information for identification.

Margaret manages her bank account by visiting a local branch and signing paperwork for the bank teller.

Margaret manages her bank account by keeping personal records to compare to the bank’s records.

Which statement best describes how lenders determine borrowing conditions for a customer?

They access the customer’s credit reports.

They see how large of a down payment the customer makes.

They look into how much the customer has saved for emergencies.

They access the customer’s work history.

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She pays her bills on time and has a higher amount of debt.

She has a lot of debt with a history of making late payments.

She pays her bills on time and has a lower amount of debt.

She has a lot of money and tends to pay her bills on time.

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