Worried about your credit score during the pandemic? Try these tips

The video addresses the financial challenges many face during the pandemic, emphasizing the importance of maintaining a good credit score. It outlines three steps: obtaining a credit report to check for errors, managing credit card payments by making at least the minimum payment, and exploring options to defer or reduce payments with lenders. The video encourages viewers to take proactive steps to protect their credit score, which will benefit them in the long run.

What percentage of Americans reported a negative impact on their household income due to the pandemic?

• 70%

• 80%

• 60%

• 50%

Why is it important to obtain a copy of your credit report during the pandemic?

• To apply for new credit cards

• To increase your credit limit

• To check for errors and identity theft

• To close unused accounts

What is a recommended action if you cannot pay your credit card in full?

• Ignore the bill

• Make a minimum payment

• Apply for a new credit card

• Cancel the credit card

What can you add to your credit report if you miss payments due to the pandemic?

• A payment history

• A credit freeze

• A new credit line

• A consumer statement

What should you do if you are granted forbearance or loan modifications?

• Close your accounts

• Stop checking your credit report

• Ensure your account status is reported as current

• Ignore any lender communications