Credit card debt is considered to be the next storm to hit the fragile finance industry. The average American household has $8329 in credit card debt, according to the Nilson Report. Credit card default rates peaked in the past few years to reach 9-10% and expect to climb above 12% by the first quarter of 2010 because of large unemployment population.

Adding to these alarming statistics, there is yet another shocking news.  As per FTC(Federal trade commission) recent report, Ten million Americans in the past year alone have fallen victim to this destructive crimes. Identity theft is one of the fastest growing crimes in America.  It is not only tricky to handle credit card accounts, it gets even important to keep them safe.

The purpose of this Quiz contest is to create consumer awareness about new credit card laws, important identify theft practices and how to handle your credit properly. Please take time to go through the hints and learn more about the topic before answering the quiz questions.

Winner Prizes

First Place:
Educated Investor - Guide to Investing (worth $30)
A well-designed portfolio of stocks, bonds, and mutual funds that matches your investment goals can help you build solid wealth over time and meet your needs for retirement and other large expenses, such as education costs. The Educated Investor Guide To Investing? will give you a solid understanding of how these investments work, so that you can plan to meet your own financial needs.

Second place: 
Willmaker Plus 2007 - (worth $10)
Quicken WillMaker Plus 2007 helps you protect your family and your assets, and cut down your legal fees. Protect your family by making sure that your assets have the law's strongest defense. It offers a step-by-step process for developing a will, living trust, living will and much more. You'll have complete legal documents created in minutes!

Rules

1.  Only one entry per person.
2.  Participants should be from United States.
3. Winners will be selected as per their answers and best tip contribution. Author has his own authority to select the winners. Any questions, email me at info@moneyreallymatters.com

Contest end date: Sep 30, 2009

Disclaimer: Examiner.com has no connection with this Quiz contest. This quiz is only meant to create awareness among consumers not intended for any other purpose. Best tips will be published over the internet and the submitter gives all the authority to his contest owner to publish on the media.

Have fun learning and answering the questions.

Quiz Questions