Econ test 2 chpt7

funds provided by a creditor to a borrower that will be repaid by the borrower in the future with interest

credit provided for a short period, such as department store credit

credit provided for specific purchases with interest charged on the amount borrowed

credit provided up to a specific maximum amount based on income and credit history. interest is chagred each month on the remaining balance

reports provided by credit bureaus to document a persons credit payment history

theft that occurs when an individual, without permission, uses your identifying information for his or her personal gain

tactic used when an identity theif stands close to you in a public place and reads the number of your credit card as you conduct business

tactic used when an identity theif goes through your trash for discarded items that reveal personal information that can be used for fraudulent purposes

tactic used when a store employee steals your credit card number by copying the information contained in the magnetic strip on the back

tactic used when an identity theif poses as an employee of a company with which you conduct business, to solicit your personal information

tactic used when pretexting happens online

similar to phishing but targeted to larger audiences; tactic that directs users to bogus web sites to collect their personal information