Coronavirus Cash Crisis: Should I Worry About My Credit Score?

Coronavirus Cash Crisis: Should I Worry About My Credit Score?

Assessment

Interactive Video

Life Skills, Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses financial priorities during a crisis, emphasizing the importance of focusing on essentials rather than debt repayment. It advises not to worry excessively about credit scores during such times. The video also highlights the availability of free services to regularly check credit scores. Additionally, it suggests contacting lenders to understand the long-term impact on credit scores and to document any agreements made, which can serve as proof if reported to a credit bureau.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What should you prioritize if you are in crisis mode and have no savings?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is it not the right time to worry about your credit score during a financial crisis?

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OFF

3.

OPEN ENDED QUESTION

3 mins • 1 pt

What services are available for checking your credit score?

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OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

What should you do to confirm the impact of non-payment on your credit score?

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OFF

5.

OPEN ENDED QUESTION

3 mins • 1 pt

How can having a record of an agreement with a lender help you?

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OFF