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Track EIntermediate

Debt & Credit

How borrowing works, what interest really costs, and how to get out of debt.

9 lessons · 0 completed

  1. 1. How borrowing actually works 6 min read
  2. 2. APR and the true cost of credit 6 min read
  3. 3. Credit files and credit scores 6 min read
  4. 4. Paying debt down: avalanche and snowball 6 min read
  5. 5. When debt becomes a problem - where to get free help 5 min read
  6. 6. Good debt vs bad debt 5 min read
  7. 7. Credit cards, loans and overdrafts 5 min read
  8. 8. Avoiding debt traps 5 min read
  9. 9. A healthy relationship with credit 4 min read

End-of-track exam

Ten questions drawn from the whole track. You need 70% to pass, and you can retake it as often as you like.

Take the exam

Tip: finish the lessons first — the exam covers all of them.

mySal Academy is financial education, not financial advice. It explains how things work in general terms — it can't recommend products, investments or what you personally should do. For advice about your own situation, speak to a qualified adviser or your local tax authority.