4.1.1 Your attitude toward credit and debt

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

"I never use credit if I can avoid it."

"I'll borrow money, but I'm not comfortable until I've paid it back."

"I use credit if it helps me get what I want."

"Credit is a convenience and I have no problem using it."

"I don't worry about how much debt I'm carrying because I figure I'll make the payments."

"I'm not out of money until I'm out of credit."

"I can't control my use of credit."

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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