WRITE A PERSONAL STATEMENT THAT DESCRIBES THE HABITS AND RULES YOU WILL APPLY WHEN USING CREDIT AND MANAGING DEBT. Include standards of conduct you will follow when borrowing money and managing credit use. These rules for how you behave-such as self-imposed does and don'ts-should match your personal values and recommended habits for using credit.

(This statement can include: standards of practice you will follow when deciding whether or not to borrow, entering into credit contract agreements, managing your debt load, and engaging with lenders. Your standards might include decision-making criteria and how-to procedures to guide your actions when borrowing money and managing debt.)