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Wise Credit Management

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Lesson 7: How To Handle Bad Credit

1 Quiz
- Lesson 7: Quiz

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Essentials Quiz
Lesson 1: Quiz
Lesson 2: Quiz
Lesson 3: Quiz
Lesson 4: Quiz
Lesson 5: Quiz
Lesson 6: Quiz
Lesson 8: Quiz
Lesson 9: Quiz
Lesson 10: Quiz
Final Exam

Quiz 6 of 12

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Lesson 4: Quiz

Wise Credit Management Lesson 4: Quiz

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Question 1 of 3

1. Question
How can you build credit with bad credit or no credit?
- Start with Credit Builder Loans, credit cards for no credit or bad credit borrowers, and if possible, you can become an Authorized User on someone else's credit card.
- It can't be done.
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Question 2 of 3

2. Question
When should you start building good credit?
- Start building good credit as soon as possible
- When you apply for a home loan
- When you need credit
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Question 3 of 3

3. Question
When you open a new account, will your credit score go up or down?
- If you have a score, it will temporarily fall and then almost certainly rise after 90 days of on time payments
- Credit scores are not affected by hard inquiries or new credit
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