In the article below, the Tampa Bay Times called Florida the Fraud King, as based on a Federal Trade Commission report. According to the article, what are the most frequently reported fraud crimes? How can you protect yourself against fraud?
One of the ways to protect your credit rating from financial crimes is to check your credit report. If someone commits fraud and steals your identity, it can impact your future. What protects you from fraud? Did you know that employers, landlords, and insurance companies check credit scores? How can this impact your future?
SS.8.FL.6.1 Analyze the fact that personal financial risk exists when unexpected events can damage health, income, property, wealth, or future opportunities.
SS.912.FL.2.7: Examine governments establishing laws and institutions to provide consumers with information about goods or services being purchased and to protect consumers from fraud.
SS.912.FL.4.5:Explain that lenders make credit decisions based in part on consumer payment history. Credit bureaus record borrowers’ credit and payment histories and provide that information to lenders in credit reports.
SS.912.FL.4.6:Discuss that lenders can pay to receive a borrower’s credit score from a credit bureau and that a credit score is a number based on information in a credit report and assesses a person’s credit risk.
SS.912.FL.4.7:Describe that, in addition to assessing a person’s credit risk, credit reports and scores may be requested and used by employers in hiring decisions, landlords in deciding whether to rent apartments, and insurance companies in charging premiums.
Created by Deborah Kozdras and Brittany Sampson