Take this simple quiz to find out how much you know about credit in America today.

1. What is the total credit card debt in the U.S.?

$60 Million
$60 Billion
$20 Million
$20 Billion


2. What percentage of credit card holders pay only their minimum monthly payment?

80%
25%
65%
50%


3. What is the total amount of credit and retail card debt in North America?

1.2 Billion
1.2 Million
2.1 Billion
2.1 Million


4. In 2005 consumers reported losses from fraud of?

Less than $680 Million
Less than $680 Billion
More than $680 Million
More than $680 Billion


5. What is the average credit card debt carried by the average American?

$2,500
$8,000
$5,400
$10,000


6. What was to the total finance charges paid by American in 2001?

$20 Billion
$30 Billion
$40 Billion
$50 Billion


7. 7. How many Americans claimed bankruptcy in 2005?

1.3 Million
2.04 Million
Under 1 Million
Over 1 Billion


8. How many credit cards does the average American hold?

8
5
3
10


9. 9. How many times per year is the average American household solicited by a credit card company?

2 Times per year
10 Times per year
7 Times per year
5 Times per year


10. What percentage of consumers know what their APR is on their credit card?

20%
50%
80%
10%


11. People who own more credit cards are more likely to:

Make larger purchases per department store visit
Tip better at restaurants
Underestimate or forget the amount spent on recent purchases.
All of the above


12. How many credit cards are in circulation?

586 Million
254 Million
849 Million
641 Million


13. What is the amount of consumer spending in credit cards in the U.S.?

$1.5 Trillion
$1.5 Billion
$1.5 Million
$5.1 Billion


14. 14. What are “revolvers”:

A consumer who carries a montly credit card debt
A consumer who pays his or her bill in full every month
A consumer who applies for to many loans or credit cards
A consumer who has no credit history


15. What does a consumers “willingness to pay” do when using credit cards:

Increases up to 25%
Increases up to 50%
Increases up to 75%
Increases up to 100%


16. Over the past decade, the average credit card debt among American households has:

Increases up to 25%
Increases up to 50%
Increases up to 75%
Increases up to 100%


17. One-third of families in bankruptcy owe how much on their credit cards:

Half a year's salary
An entire year's salary
More than a year's salary
Twice their year's salary


18. What does it mean if you have a high credit score?

You have lots of credit
You are less likely to pay your bills
You have lots of bad credit
You are more likely to pay your bills


19. How many pieces of data do the credit bureau companies enter each month?

4.5 Million
4.5 Billion
4.5 Trillion
Under 4.5 Million


20. How many fraud and identity theft complaints were received between January and December 2005?

685,000
685,000,000
856,000
685

Good Luck!