repaymentorientation
Repayment orientation refers to the psychological and behavioral patterns individuals exhibit when engaging with debt repayment. It encompasses their attitudes towards borrowing, their strategies for managing debt, and their long-term financial goals in relation to their outstanding obligations. Understanding repayment orientation can provide insights into why individuals manage their finances differently, even when facing similar financial circumstances.
Broadly, repayment orientation can be categorized along a spectrum. Some individuals may adopt a proactive repayment
Conversely, others may display a more passive or even avoidant repayment orientation. This might involve making
Furthermore, an individual's repayment orientation can be influenced by their past experiences with debt, their cultural