Jumpstart Your Finances Quiz 3:
Check Your Understanding: Debt and Credit

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Check Your Understanding: Debt and Credit

How did you do? You answered [WLQuiz_Total_Correct_Answers name=Check Your Understanding: Debt and id=3] out of [WLQuiz_Total_Questions name=Check Your Understanding: Debt and id=3] questions correctly. See the correct answers to each question below:

1) In what order should you pay down your debt?
Correct Answer: In order of interest rate, from highest to lowest.

2) What’s considered a good FICO score?
Correct Answer: 720 or above

3) How much of your available credit should you aim to use on credit cards?
Correct Answer: No more than 10 to 30%

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