Coronavirus Cash Crisis: Should I Worry About My Credit Score?
Interactive Video
•
Life Skills, Business
•
University
•
Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be the primary focus during a financial crisis according to the video?
Investing in stocks
Ensuring basic needs are met
Maintaining a high credit score
Paying off all debts
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is recommended for keeping track of your credit score regularly?
Ignoring credit scores during a crisis
Paying for a premium credit monitoring service
Using free credit score services
Hiring a financial advisor
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential consequence mentioned for not managing loans during a crisis?
Higher interest rates on new loans
Increased savings
Improved credit score
Defaulting on loans
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to contact lenders during financial difficulties?
To close all accounts
To request more loans
To understand the long-term impact on credit scores
To negotiate lower interest rates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you document when reaching an agreement with a lender?
The amount of debt you owe
The lender's contact information
The terms of the agreement
Your credit score
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