Wissen-Haus Youth Empowerment Foundation

Learning Objectives

Understand good vs. bad debt
Build and protect your credit score
Manage debt repayment strategically

Not all debt is bad—but all debt has a cost. Learn to distinguish productive from destructive debt, build your credit score, and develop a strategic approach to paying off what you owe.

Module Quiz

1. What is considered "good debt"?

Any debt you can affordDebt invested in assets that generate returns or increase your earning powerCredit card debtAll debt is bad

2. Your credit score is affected by:

Your salary and job titlePayment history, credit utilisation, length of credit history, and account typesHow much you have in savingsWhere you went to school

3. The best debt repayment strategy is:

Ignore minimum payments and focus on other goalsPay more than the minimum on high-interest debt while maintaining othersTake out new debt to pay old debtOnly make minimum payments always

Module 4: Understanding Debt & Credit