Give Yourself Credit^SM Quiz

Question 1 Today the average undergraduate student graduates with which amount of student loan debt?
$10,000 $18,000 $25,000	Ooops! You're Correct! The average undergraduate student graduates with $18,000 in student loan debt. This does not include credit card debt which can add thousands ($4000 on average) of dollars.

Question 2 Most educational loans are paid back in how many years?
10 years 5 years 15 years	Ooops! You're Correct! The "standard" repayment period is 10 years. Paying off your loans as soon as possible reduces the amount of interest you will pay over the life of your loan.

Question 3 If you're late on one credit card payment, another credit card company could raise your rates.
True False	Ooops! You're Correct! True. Creditors figure that late payments could signal money problems, which make you a larger credit risk. If the due date's near, pay online through the credit card company's own Web site.

Question 4 You should ALWAYS pay for pizza using your credit card because it is an emergency!
True False	Ooops! You're Correct! False. Pizza is not an emergency, nor are most daily expenses such as CD's, Clothing or Coffee. In the long run, it's just not worth the extra cost if the alternative is a little self-control.

Question 5 The following items may appear on your credit report:
Credit Cards, Student Loans and accounts only you open Any account established in your name and payment history on each Payment history on Credit Cards and Student Loans only	Ooops! You're Correct! A credit report shows payment history on EVERY card, loan (student and personal) AND account established in your name.

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Citizens Bank is a brand name of RBS Citizens, N.A. and Citizens Bank of Pennsylvania. Citizens Bank is a division of RBS Citizens, N.A. and Citizens Bank accounts and other RBS Citizens, N.A. accounts are not separately insured by the FDIC. Citizens Bank of Pennsylvania is not part of RBS Citizens, N.A.
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