4.1.1 Your attitude toward credit and debt

From: Financial Consumer Agency of Canada

How do you feel about being in debt?

Here are some sample statements. Check the one that is closest to your attitude.

Definitions

  • Credit: An agreement in which a borrower receives something of value now and agrees to repay the lender at some later date
  • Debt: Money that you owe
  • Loan: Money that you have borrowed, which you normally have to repay on a specified schedule, with interest
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