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12. Managing Debt

7 Oct 2020

12. Managing Debt

So far we have agreed that we will try and use credit only when buying a house or a car. We will try and avoid using it for anything else.

Of course, maybe we didn’t know the risks that we were exposing ourselves to when using credit and we may be in a situation where we are unable to meet our credit obligations. Even when using “good”credit, there is still risk that we need to manage and legal responsibilities that we have to face.