7 Questions
Which of the following is a sign that you may have a debt problem?
You spend more than 20% of your monthly income on consumer debt
What should you do if you find yourself in overwhelming debt?
Call your creditors to discuss your options before missing a payment
What is the Debt Avalanche strategy?
Paying off the loans with the highest interest rates first
Which debt repayment method involves paying extra on your highest interest/small loans first and continuing to make the same high payment towards your remaining loans until they are all paid off?
Debt avalanche
What is a caution to consider when thinking about debt consolidation?
You have to change your spending habits
Which mistake should you avoid when paying down debt to protect your home?
Taking out a home equity loan
What kinds of debt are not erased by filing for bankruptcy?
Student loans
Are you struggling with debt? Take this quiz to find out if you have a debt problem. Discover the warning signs and assess your financial health. Don't let debt take control of your life - take the first step towards financial freedom!
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