Question

Mason found out that his recent credit card application was denied. When Mason reviewed his credit report, he found two overdue accounts that he hadn’t opened himself. As a victim of identity theft, which consequence could Mason face?
A.
community service
B.
jail
C.
job loss
D.
lowered credit score
E.
repossession of his car

Answer 1

Answer:

D. lowered credit score

Explanation:

Since in the question it is mentioned that Mason found that his credit card application is denied due to two overdue accounts so here he is facing a lowered credit score as if the payment is not done within a prescribe time so it directly impact the person credit score due to which he is not able to get the loan from the prescribed bank

Therefore option D is correct