Do you know your consumer rights? Try this quiz and find out!
Questions and Answers
1.
Because I need my social
security number for so many things, it’s a good idea to keep my social security
card in my wallet so I can show it whenever someone asks for it.
A. 
True
B. 
False
2.
I received an e-mail from
my bank telling me to click on a link and verify my account information. If I don’t do this, I could have
problems with my account.
A. 
True
B. 
False
3.
I just got my first credit
card, and suddenly I’m getting all kinds of credit card offers in the
mail. If I want, I can contact
someone to stop sending me this junk mail.
A. 
True
B. 
False
4.
I just bought my first car and got a
loan to pay for it. Some months,
though, I have
trouble making my payments. If I default on my loan, only this lender will know
about it, and some day, if I need another loan, I’ll still be able to get it
from another lender.
A. 
True
B. 
False
5.
I want to know what my credit
report says about my credit
history, but the information is secret and I can't get a copy because only
banks can see my credit report.
A. 
True
B. 
False
6.
I received a lot of money
for my graduation, and I want to go to the mall to buy a new laptop. Even though I have the cash, it might
still be better to use my credit card to pay for the laptop.
A. 
True
B. 
False
7.
If I’m late in paying my
credit card bill, I may have to pay a late fee in addition to interest charges,
and my interest rate may also increase.
A. 
True
B. 
False
8.
I received an e-mail from a
stranger in a foreign country telling me that he has inherited about $15
million from his uncle, but cannot get the money out because of complicated
rules. He promises that if I send him $500 to help him, I’ll be guaranteed a
percentage of the inheritance. Since the e-mail sender knew my name and e-mail address,
I can trust him.
A. 
True
B. 
False
9.
I received a pre-approved
credit offer, but I already have a credit card and don’t want another one. I should shred the offer before I throw
it out, because it might contain personal information that could be used for
identity theft.