Test your knowledge of credit basics with this simple quiz.
Used wisely, credit can be a great way to help you accomplish your financial goals. You can use credit to buy or improve your home, purchase a car, or pay for college. But without a good understanding of how interest rates, late payments and other credit issues can affect your total financial picture, it can be hard for you to manage your credit effectively. And that could cost you money.
So, how much do you know about how credit works? Do you know what rates you’re paying on your credit card, or when your next payment is due? This quiz can help you pinpoint what you know — and what you don’t know — about some key credit basics. And as a bonus, the answer key will point you toward articles on this site that can help you learn even more about managing credit.