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by Justin McHenry on August 15, 2006

I only got a 59% on it, but I was unhappy with at least two of the questions. I should have passed is what I'm trying to tell you.
First off, the very first question about household credit card debt--I think they're using a sensationaltic number that has no real basis in fact. It's been refuted in many different places, but the same stat keeps getting used over and over.
Second, and this is a quibble--I don't think checking out your credit report is very important unless you're getting denied for credit or you're not getting the lowest rats advertised on a loan. If you're making your payments and your loans go through smoothly and at the best rates, why spend the time poring through a boring credit report? If you're not getting the rates or are getting turned down, that's a different story, especially if you know you've been good.
Permalink: Test Your Financial IQ
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/31722
Mr Wong
Vote for Test Your Financial IQ:
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Rating: 7.80 out of 5 vote(s) cast.
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Wisdom from the Rich Dad
A simple financial IQ test to test your knowledge of credit card, mortgage and other financial products. See if you know what is myth and what is the reality.
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