000			02043nam a22002057a 4500
005			20250114094544.0
008			250114b ph ||||| |||| 00| 0 eng d
040			_cOCT
100			_aBanitog, Brigitte C.
245			_aUncontrollable spending behavior of credit cardholders : _b A qualitative study /
300			_aVol 1 (1) pages 109-135 : _billustrations ;
500			_aI. ABSTRACT Behavior is caused. Even uncontrollable spending behavior, too. This study was conducted to determine credit cardholders' live experiences in using credit cards and the challenges they have faced in paying off credit card debt. The researchers also want to know how they coped with the situation. A qualitative descriptive research design was applied to the study, and a purposive sampling technique was used to select the respondents. The instrument used to attain the data pertinent to this study was semi-structured interviews designed to assess relevant information. The data were analyzed using Braun & Clarke's (2006) six steps of thematic analysis. Based on the study, the following were the findings and conclusions: (1) Consumer behavior and ease of payment are the live experiences of credit cardholders in using credit cards; (2) Financial literacy, amortization, and compounding interest are the challenges faced by the credit cardholders; (3) Debt restructuring and financial management are the solutions they made in order to pay down their credit card debt. The findings suggest a need for credit providers to educate clients about the risks of minimum payments and encourage responsible spending habits. Credit cardholders are advised to prioritize debt repayment, seek debt restructuring options, and practice effective financial management to avoid drowning in debt.
650			_acredit card
650			_auncontrollable spending behavior
650			_acredit cardholders
700			_aBegosa, Aironica V.
700			_a Lacuarin, Rothel Valerie P.
700			_aMirabueno, Cherry R.
942			_2ddc _cCR _n0
999			_c10122 _d10122