ARE YOU CREDIT SMART?

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* 1. What is a “good” FICO credit score?

A. 550

B. 620

C. 720

D. 900

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* 2. What is the current average APR on a credit card?

A. 13%

B. 16%

C. 19%

D. 21%

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* 3. How long does a missed debt payment affect your credit?

A. 3 years

B. 5 years

C. 7 years

D. 10 years

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* 4. How many payments can you miss before a creditor charges off your account?

A. One

B. Three

C. Six

D. Ten

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* 5. Mark all of the “good debt” in the following list:

Mortgages

Auto loans

Credit cards

Student loans

Payday loans

Personal loans

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* 6. Which of the following is not a U.S. credit bureau?

A. LifeLock

B. TransUnion

C. Experian

D. Equifax

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* 7. How much money do you need for a down payment on a traditional 30-year fixed-rate mortgage?

A. 3%

B. 10%

C. 17%

D. 20%

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* 8. Thank you for taking our survey. To be entered into the $250 gift card raffle you must provide your contact information. If you don't want to provide the following, just hit Done to reveal the answers.

Name

Phone number

Email address