With the popularity of credit cards, mortgages and car loans, most people can't avoid being deep in debt at least once in their lives. Are you digging yourself deeper into a debt hole or gradually crawling out? Knowing more about your options and their consequences will help you handle debt better and may get you out sooner. Take our quiz to see how much you really know about debt.
Question 1 of 10
Which of the following would be considered "good debt"?
Question 2 of 10
If you have a revolving credit account, credit card companies prefer that you:
Question 3 of 10
What does it mean for debt to be unsecured?
Question 4 of 10
Which of the following is NOT a benefit of debt settlement?
Question 5 of 10
Which of the following is NOT a likely benefit of consolidating your loans?
Question 6 of 10
Under the Fair Debt Collection Practices Act (FDCPA), which of the following is a debt collector allowed to do?
Question 7 of 10
Which of the following should be considered a last resort to debt problems?
Question 8 of 10
What is the maximum number of years bankruptcy can stay on your credit report?
Question 9 of 10
If debt collectors start to pursue old debt that has expired due to the statute of limitations, it is referred to as:
Question 10 of 10