On average, those polled only scored a 60 on the survey, The point is “a low passing grade” on a school level. (You can take the quiz yourself at www.creditscorequiz.org .)
Here are a few other things that most respondents didn’t seem to know:
Credit scores aren’t about your ability to pay the loan but about the risk of you not paying the loan. Your income could be high and outstanding debt more than manageable to easily assume that $20,000 car loan, but if your track record of paying bills on time is far from stellar, that makes you a credit risk that most lenders won’t take on without just rewards, or a high interest rate, for doing so.