Borrowers should compare their total payment obligations with their available income before borrowing to ensure they can repay as promised and maintain creditworthiness.

Authors

• Person: Barbara O’Neill Organization: Rutgers NJAES Cooperative Extension
  Twelve Principles of Personal Financial Literacy (Rutgers NJAES)

Sources

• Twelve Principles of Personal Financial Literacy (Rutgers NJAES) njaes.rutgers.edu Barbara O’Neill · Rutgers NJAES Cooperative Extension via serper

Referenced by nodes (1)

• creditworthiness concept