Professional Documents
Culture Documents
Dear Respondents:
We are fourth year students of Holy Name University taking up Bachelor of Science in
Accountancy. As part of our curriculum’s requirement for graduation, we are conducting
a study on the Personal Debt Management Practices of Professionals.
We have chosen you as one of our research respondents. Kindly fill out the
questionnaire enclosed with this letter. There are only 17 questions in the questionnaire
which requires only 10-15 minutes of your time.
Your honest and sincere answers will greatly contribute to the success of our study.
Rest assured that your answers will be treated with utmost confidentiality and will only
be used for research purposes.
I. Part 1
Age : Sex :
Profession :
Civil Status : ( ) Single ( ) Widow/widower
( ) Married ( ) Separated
II. Part II
1. What types of personal debts do you presently have? (You may check more than
one)
( ) Credit card
( ) House loan (SSS, PAG-IBIG, GSIS, others)
( ) Auto/Car loan
( ) Educational loan
( ) Appliance/furniture loans
( ) Gadget loans
( ) Cooperative loans (other than loans specified above)
( ) Loans from loan sharks (5-6)
( ) P.O. from Malls
( ) Loans from Pool funding (Paluwagan system)
( ) Loans from friends/ relatives without collateral and interest
( ) Others, please specify _____________________________
2. Please list down your TOP 3 indebtedness according to the amount. Start with the
LARGEST. (No need to write the amount, just write the type of loan)
First:
Second:
Third:
3. Please list down your LOWEST 3 indebtedness according to the amount. Start with
the SMALLEST. (No need to write the amount, just write the type of loan)
First:
Second:
Third:
4. In relation to your answers in No. 1, please fill out the following table.
For Interest Rates, please indicate the approximate interest rate charged by your
creditor and specify whether it is an annual (or monthly, etc.) rate.
For Term of the Loan, please indicate the duration (eg, no term, 3 months, 1 year,
etc)
For Frequency of Repayment, indicate how often you need to make payments for
the loan (eg, weekly, monthly, etc)
Credit card
House loan
Auto/car loan
Educational loan
Appliance/Furniture loan
Gadget loans
Cooperative loans
For Items number 5 to 7, encircle your LEVEL of agreement on the following statements
using the following criteria:
1 – Strongly Agree
2 – Agree
3 – Disagree
4 – Strongly Disagree
Strongly Strongly
Agree Disagree
Agree Disagree
8. Rank your TOP 5 preferences on where/from whom to borrow: (1 being the most
preferred and 5 being the least preferred source of debt)
___Banks
___Cooperative/ Union
___Lending institutions
___Pawnshops
___Private persons (Friends, colleague or neighbor)
___Relatives (Parents or siblings)
___Loan Sharks (5-6)
___Pool funding (Paluwagan system)
___Microfinance NGO (eg., Taytay sa Kauswagan)
___Others, please specify
9. In deciding WHERE to borrow, choose the TOP 5 factors that you would consider.
Rank your choices with 1- top priority then 2 up to 5.
RANK
( ) Minimum procedures and investigation ___
( ) Accessibility of their location ___
( ) Length of approval process ___
( ) Ease and flexibility of payments ___
( ) Collateral requirements ___
( ) Refund on early payments ___
( ) Penalties for paying early ___
( ) Charges on delayed payments ___
( ) Familiarity of the services ___
( ) Simple and straightforward terms and conditions ___
( ) Social reputation of debt source ___
( ) Others, please specify _______________________ ___
10. When I make a loan decision, I consider the following essential elements. (Choose
your TOP 3 choices and rank.)
RANK
( ) Interest rates ___
( ) Length of time to fully pay the debt ___
( ) Amount to pay per due date ___
( ) Service and processing fees ___
( ) Penalties on late payments ___
( ) Credit limit ___
( ) Consequences in case I fail to pay ___
( ) Others, please specify _______________________ ___
15. If Option 2 is practiced, whenever I have extra cash available to pay off other debts
I allocate it to the, (You may check only ONE answer)
___ Account with lowest balance
___ Account with highest balance
___ Account with highest interest
___ Account with lowest interest
___ Account with the longest maturity period
___ Account with the shortest maturity period
___ Other method, please specify _____________________________
16. With the debts you presently have, which one will you pay first?
___________________________________________________________
17. Why?
__________________________________________________________________