1. Good versus Bad Debt. Is there such a thing as good debt, what types of debt do you consider to be "good"? What types do you consider to be "bad"?

2. Are you considered a default risk? How would a lender evaluate you based on "the five C's" of character, capital, capacity, collateral, and conditions? How could you plan to make yourself more attractive to a lender in the future?

3. Some credit cards offer reward points or 1 percent higher cash back reward for all purchases made on the card. How would you feel about using such a card to get those rewards with the intention of paying off the balance each month? Do you have one of these cards now?