Credit card fraud - Study guides, Class notes & Summaries

Rental Obstacle + Solutions: Low Income - ANSWER -Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies for decreasing expenses and debt - ANSWER Prioritize "needs over "wants" -reduce or eliminate "wants" -cancel or downgrade services(e.g. cable, telephone) -limit miscellaneous spending - stick to a shopping list - pay off a loan or credi...

Elements IN a Budget - ANSWER--Pay Stubs. -Bank Statement -Utility Bill -Soc. Sec. Award Letter -Credit Card Debt -Car Expenses -Child Support -Hobby Income (Avg.) Elements NOT in a Budget - ANSWER--Stock Dividends -Annual Bonus -Reimbursements -Credit Score -Pretax Payroll Deduc. Which information should be included in a Client Action Plan? - ANSWER-The client's housing goal and the counselor's action steps 5 Sections of a Credit Report - ANSWER--Personal Information -Acco...

UGBA 196- Midterm FICO Score (Definition) - correct answer Mathematical Number used by lenders to determine if you're a good or bad credit risk Debt-to-Credit Ratio - correct answer Total balance of your credit cards and other loans compared to your total credit limit Add up all your debt/credit ratios What percent do you want your debt-to-credit ratio to be? - correct answer 30%-33% Highest possible FICO Score? - correct answer 850 (delinquency rate of 1%) What's the best way...

GLG 0010 Government wide Commercial Purchase Card Overview Exam Questions and Answers Already Passed What are three examples of abuse of the Governmentwide Commercial Purchase Card? - Splitting requirements to avoid card thresholds -Violating a specific-use policy -Exceeding the applicable micro-purchase threshold wrong Which three of the following constitute Cardholder fraud? -A Cardholder's unauthorized purchase of power tools for personal use -Purchasing items or extra qu...

Rhea receives a text informing her that her credit card might have been compromised. The text asks her to confirm whether she made a purchase 15 minutes ago at a store that is over 2,000 miles away from her current location and that carries products she has never bought before. What technology was used to compare the purchase to Rhea's normal shopping habits and identify it as credit card fraud? Hana just received a shipment of cleaning supplies for her coffee shop. What kind of transaction ...

CFE-Financial Transactions and Fraud Schemes Questions and Answers Already Passed Which of the following is a typical method used to make corrupt payments in bribery and corruption schemes? Payment of credit card bills, gifts, travel, entertainment, checks, and other financial interests. Laura, the sales manager of Sam Corp., is afraid sales revenue for the period is not going to meet company goals. To make up for the shortfall, she decides to mail invoices to fake customers and cr...

Praxis II 5122 Questions and Answers 100% Pass Eddie, a young adult, inadvertently missed a credit card payment and fears that his credit rating will be lowered. He needs his credit card to make reservations for a flight he will be taking. Which of the following should Eddie do to maintain a sufficient credit rating and to avoid having his card revoked? A) Contact the top three credit bureaus to explain B) Contact the creditor to explain C) Transfer funds from a savings to a checking account...

Rental Obstacle + Solutions: Low Income - ANSWER--Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies for decreasing expenses and debt - ANSWER-Prioritize "needs over "wants" -reduce or eliminate "wants" -cancel or downgrade services(e.g. cable, telephone) -limit miscellaneous spending - stick to a shopping list - pay off a loan or credi...

FCS Praxis Test- 5122 Latest Update Graded A+ Eddie, a young adult, inadvertently missed a credit card payment and fears that his credit rating will be lowered. He needs his credit card to make reservations for a flight he will be taking. Which of the following should Eddie do to maintain a sufficient credit rating and to avoid having his card revoked? A. Contact the top three credit bureaus to explain B. Contact the creditor to explain C. Transfer funds from a savings to a checking account ...

CFCI Study Guide – Updated Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad-vantage." Main types of fraud Internal Fraud Internal Fraud and External Fraud Activities that may be criminal, committed within an organization, typically by the employ...