Learning Centre

Yes    No 1. Are your credit cards charged to their limits, or are you unsure how much you owe?

Yes    No 2. Would you be in immediate financial difficulty if you lost your job or had major home, car, or other expenses?

Yes    No 3. Are you unable to save for emergencies, your children's university fund, or your own retirement?

Yes    No 4. Do you spend more than you earn?

Yes    No 5. Are you borrowing money to pay for items you used to pay for with cash?

Yes    No 6. Have you taken out home equity loans, bill consolidation loans, or transferred balances to credit cards, but are now acquiring new debt?

Yes    No 7. Are you repeatedly making the minimum payments on your credit cards, or are you often late in paying your credit card bills?

Yes    No 8. Are you being contacted by creditors regarding unpaid bills or late payments?

Yes    No 9. Have you had credit cards taken away from you or been threatened with legal action due to your debts?

Yes    No 10. Do you have any negative items on your credit report, or do you not regularly check your credit report?

Start Over    Check Your Answers

Answer:
Your answers indicate that you might be experiencing, or be dangerously close to, credit problems. You should take immediate action to try to remedy this situation. The information available in the rest of the Equifax Learning Centre, particularly Rebuilding Your Credit, can be of valuable assistance.

Answer:
Your answers indicate that you should be careful regarding your credit habits. While there are no definite indications that you should be overly alarmed at this point, there are indications that you should be on the lookout for credit problems before it's too late. Review your Equifax Credit Rating™ and Equifax Credit Report™ right away to check for signs of problems.

Answer:
Good news! None of the items in the credit quiz apply to you. This indicates that you have developed good credit habits. Keep up the good work! Also be sure to review the information in your credit report regularly for errors or fraud that could hurt your well-earned standing. Review your Credit Report and Score right away to check for signs of problems.