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Check Your Understanding: Pay it down

Check Your Understanding: Pay it Down

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In what order should you pay down your debts?

In order of interest rate, from highest to lowest.

In order of balance, from highest to lowest.

In order of balance, from lowest to highest.

What's the first thing you should do if you find you don't have enough money to pay your debts?

Call your creditors and explain the situation.

Pay on the debt with the highest interest rate.

Call a friend or relative and ask for a loan.

What does a credit counselor do for you?

Negotiate to have your debt forgiven.

Negotiate lower interest rates and, in many cases, waive late fees and penalties.

Remind you to make your debt payments each month so you don't forget and incur late fees.

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SECTION 1: Getting Started
- Lesson 1: Introduction6:22
- Check Your Understanding:
  Good and Bad Debt2 questions
- Lesson 2: Assess the Problem6:30
- Check Your Understanding:
  Assess the Problem2 questions
SECTION 2: Debt
- Lesson 3: Find the Money8:18
- Check Your Understanding:
  Find the Money3 questions
- Lesson 4: Pay it Down4:31
- Check Your Understanding:
  Pay it Down3 questions
SECTION 3: Credit
- Lesson 5: Your Credit Score11:03
- Check Your Understanding:
  Your Credit Score4 questions

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Check Your Understanding: Pay it down

Check Your Understanding: Pay it Down

SECTION 1: Getting Started

SECTION 2: Debt

SECTION 3: Credit