Automatic Debt E-racer Evaluation

The path to true financial freedom often requires a person to take a hard look in the mirror. Until then, they are slaves to the banks and credit card companies.

These questions are not meant to be judgmental. They are simply intended to help you objectively assess how involved debt is in your life. When you answer these questions and take honest stock of your current situation, you take the first step towards True Financial Freedom.

Created by: Dave
  1. How many years do you have remaining on your first mortgage?
  2. How many years do you have on a 2nd mortgage (home-equity loan)?
  3. How much credit card debt do you have?
  4. How much do you owe in vehicle loans? (Do not include vehicles that are leased.)
  5. How much do you owe in student loans?
  6. How much do you owe in other loans (such as personal loans or medical bills)
  7. Prior to taking this quiz, did you know the how much money you owe?
  8. Do you use credit cards to get the mileage or other bonuses?
  9. Do you ever use credit cards for household expenses (groceries, etc)?
  10. Have you paid bills late or skipped payments?
  11. Have you taken cash advances on credit cards to pay other bills?
  12. Do you have any credit cards that are at their limit or over?
  13. Do you argue often about money with your spouse?
  14. Do you ever make minimum payments only?
  15. Have you refinanced your mortgage (or gotten a home equity loan) in the last 3 years?
  16. Have you ever gotten a debt consolidation loan?

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