It’s no secret that debt and credit go hand in hand. If you control your debt, chances are you’ll have a great credit score. On the other hand, if you abuse debt, its likely that your credit score will suffer. That said, in order to repair your credit, you also must tackle and pay down your debt, especially credit card debt (don’t forget your credit utilization accounts for 30% of your credit score). But are you ready? Ask yourself: how much do you know about personal finance?
Admittely, I knew nothing about debt, credit, or anything related to personal finance when I first started repairing my credit. I read everything book, blog, article, I could find related to credit repair. Luckily for you, I’ve compiled a list of financial quizzes to assist you with your learning, starting with a great quiz from NerdWallet that will aid you brush up on your personal finance knowledge. After all, you gotta start somewhere!
Are You Ready for 2013 - How much do you know about finance?
Are You a Financial Trainwreck? - Answer these questions to see where you stand financially.
Will it Hurt My Credit? – You may be surprised about what hurts and what helps your FICO score.
If you have a question for the Credit Report Chick, please send me an email at terah (at) thecreditreportchick.com.
Psst! Be sure to follow The Credit Report Chick on Twitter!