Financial Awareness Quizzes – Test Your Loan Knowledge

1

Paying more than the minimum due on your credit card helps reduce interest burden.

2

Your credit score can increase even if your income stays the same.

3

If a loan app asks for access to your contacts to verify your identity, it’s safe to allow it.

4

A loan with a lower interest rate can still be more expensive than a loan with a higher interest rate.

5

If a friend or family member defaults on a loan you co-signed, your credit score stays unaffected.

Loan-Ready?