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September 19, 2018

Dear Respondents:

Good day, Ma’am/Sir!

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.

Thank you for your participation!

Very truly yours,

EPHRAIM V. CABANLIT ROSS CATHERINE P. LERO


Researcher Researcher

RIZALYN H. MALALIS ZIA MISHIELLE A. MIGRIÑO


Researcher Researcher
QUESTIONNAIRE

I. Part 1
Age : Sex :
Profession :
Civil Status : ( ) Single ( ) Widow/widower
( ) Married ( ) Separated

How much is your personal net monthly income?


( ) Below 10,000 ( ) 25,001 to 30,000 ( ) 45,001 to 50,000
( ) 10,001 to 15,000 ( ) 30,001 to 35,000 ( ) 50,001 to 55,000
( ) 15,001 to 20,000 ( ) 35,001 to 40,000 ( ) 55,001 to 60,000
( ) 20,001 to 25,000 ( ) 40,001 to 45,000 ( ) 60,001 and above, please
specify _________

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)

Interest rate/ Term of the Frequency of


Type of Personal Debt Source
Period loan repayment

Credit card

House loan

Auto/car loan

Educational loan

Appliance/Furniture loan

Gadget loans

Cooperative loans

Loans from loan sharks (5-6)

P.O from Malls

Loans from pool funding


(Paluwagan system)

Loan from friends/relatives

Other loans, pls specify


________________
III. Part III

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

5. When I decide how much to borrow, I borrow


more than what I need so that I can still use the 1 2 3 4
excess amount for other expenses.

6. I make sure that the amount of my loan will not


1 2 3 4
exceed 20% of my monthly take home pay.

7. I do not bother reading the terms of agreement


because I trust what has been verbally 1 2 3 4
explained to me.

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 _______________________ ___

11. I list down all my debts currently unpaid.


( ) Yes ( ) No (please proceed to Item No. 12)
If yes, check on how you list down your debt inventory. (You may check only
ONE answer)
__ according to interest rates, highest to lowest.
__ according to debt balance from highest to lowest
__ according to the debt balance from lowest to highest
__ according to maturity
__ according to date of incurrence
__ no particular order
12. Please check the box of your corresponding answer

I pay my debt ALWAYS OFTEN SOMETIMES RARELY NEVER

a. Before due date


b. On time
c. After the due date

13. When I have multiple debt accounts:


( ) Option 1: I only pay one debt account at a time. (Proceed to Item No. 14)
( ) Option 2: I pay the minimum required payment for all outstanding debts.
(Proceed to Item No. 15)
( ) Other method applied: Please specify, _______________________

14. If Option 1 is practiced, (You may check only ONE answer)


___ I pay the account with lowest balance
___ I pay the account with highest balance
___ I pay the account with highest interest
___ I pay the account with lowest interest
___ I pay the account with the longest maturity period
___ I pay the account with the shortest maturity period
___ Other method, 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?
__________________________________________________________________